Indianapolis officials hope to include plans for a new downtown luxury hotel in their bid for the 2018 Super Bowl, but they’re not sure all the pieces for a deal—potentially on Pan Am Plaza—can be put together before a bid presentation for 32 NFL owners in May.
The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
The private university is slated to finish improvements soon to 90 acres of land it owns west of the Central Canal that should help alleviate parking problems and give the public better access to the waterway.
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
City leaders are working to acquire 6.4 acres of property along the White River for a park—complete with an open-air amphitheater—that would extend the city’s downtown area to the west.
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
The dispute started in October when the lender tried to take possession of the building at the southwest corner of 49th Street and College Avenue. Now the owner has filed Chapter 11 to delay foreclosure proceedings.
Carmel City Council members exerted their influence over redevelopment commission expenses Monday, denying a $60,000 contract extension for longtime Executive Director Les Olds despite Mayor Jim Brainard’s pleas to keep him on the job.
The vacant piece of land on the southwest corner of Main and Sycamore streets, once home to a Citgo gas station, is viewed as a vital link between the historic village and development to the south.
Economic development leaders in Fishers are asking the Town Council to OK a six-year property tax abatement to help First Internet Bancorp construct as many as two office buildings.
Indianapolis residents are getting their first chance to weigh in on proposed protections for the buildings near the city's famed Monument Circle.
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
Michael G. Browning, who has led the Indianapolis-based real estate development firm since 1981, will maintain his role as chairman of the board. Taking his place as president and CEO is a former executive of the firm.
City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
