City initiates demolition of 8 more buildings at troubled Towne & Terrace
The ultimate goal of the Hogsett administration is to redevelop the 20-acre property site in conjunction with the neighboring Oaktree Apartments site.
Development/Redevelopment
Articles
Neighbors push back on east-side development proposal
An out-of-state investment firm with plans to redevelop a rundown east-side retail center intends to refine its approach to the project weeks after hearing objections from neighbors—some of whom have their own ideas for the property.
IEDC requests additional $60M for Lilly, Meta land, infrastructure at LEAP
The state’s job-creation agency is seeking $27 million to purchase about 307 acres and pay for deposits and option payments for additional land west of Interstate 65. Another $33 million is being sought for infrastructure work.
Developer plans $22M apartment, retail project with housing for veterans along Keystone corridor
The 92-apartment development, which would feature one- to three-bedroom units, would consist of market rate and reduced-income housing, with the latter meant to serve homeless veterans.
$110M residential project in works near battery plants
The project, known as The Hub District, is expected to include town houses, retail space, a hotel and more than 500 apartments on a 26-acre site.
ISO planning major facelift for Hilbert Circle Theatre
The overhaul would include construction of a new rooftop event space and outdoor terrace overlooking Monument Circle, a revamp of lounge areas, and a new covered walkway and entryway along the Scioto Street alley.
Indianapolis Airport Authority gets OK from FAA to close heliport
The Federal Aviation Administration has informed the Indianapolis Airport Authority it can move ahead with decommissioning the Indianapolis Downtown Heliport property to make way for the site’s eventual redevelopment.
$8M townhouse development planned for north-side brownfield
The 20-unit townhouse project will consist of six buildings just south of 22nd Street, across from the development group’s M22 apartment project.
City weighing whether to award $40M in TIF, forgivable loan funds for Simon-led hotel, entertainment project
The $312 million project calls for a 170-room Shinola Hotel, a 4,000-seat live performance venue operated by Live Nation, an enclosed parking garage and a skybridge connecting to Gainbridge Fieldhouse.
Westfield City Council hears new $1.2B plan for Grand Universe development
The Westfield City Council on Monday night heard an introduction for the 66-acre development centered on space exploration and science education east of Grand Park Sports Campus.
Fishers pumps new life into aging Allisonville Road corridor
Once a thriving gateway on the west side of Fishers, the area has remained stagnant for nearly 20 years as places closer to Interstate 69, such as the Nickel Plate District and The Yard at Fishers District, have experienced rapid commercial and residential growth.
Lauth names new CEO, leader of multifamily division
The Carmel-based commercial real estate firm said longtime developer and real estate consultant Adam Broderick has been named the company’s chief executive.
Q&A: CIB’s Andy Mallon talks about Taylor Swift, Pan Am Plaza construction and more
Mallon spoke with IBJ about what it’s been like to oversee the board at a time when so much is going on.
Q&A: Architect Stephen Alexander talks about Stadium Village
The longtime architect said he wants to see the neighborhood replicate a sort of Olympic Village surrounding Lucas Oil Stadium. He talked to IBJ about the progress he believes the neighborhood has made toward that goal.
White River State Park reveals plans for $65M expansion on stamping plant site
The park will expand into 15 acres between the White River and Elanco Animal Health’s new headquarters and will include an event pavilion to be developed inside the remnants of a former crane bay that had been part of the original stamping plant.
Federal agents search Ohio home of prominent affordable housing developer
Millennia owns or operates roughly 280 apartment properties, including four affordable properties in Indianapolis.
Indy-area developer Drew Loftus sues partner for company records
Drew Loftus, a principal with Silverstone Development LLC, claims he has not had access to the company’s offices, calendars, communications or financial records since May.
Whitestown looks to proposed $110M project as next step for town
Indianapolis-based New City Development is formulating plans for Padgett Commons, which would be built on 40 acres of undeveloped property east of I-65 near the intersection of East County Road 550 South and Perry Worth Road.
Indy seeks developer proposals for dilapidated Central State Hospital structures
The proposal is for two dilapidated buildings left from the former mental hospital and a soon-to-be vacant facility that formerly housed horses.
Noblesville City Council OKs $250M development near Morse Reservoir with 650 homes
Indianapolis-based developer LOR Corp. plans to build the 175-acre Morse Village on the north side of Noblesville at the intersection of East 206th Street and Hague Road.