The company is slowing its rollout of ambitious commercial projects while turning to residential development as a way to support those signature endeavors.
Clay Terrace hits pause on pre-pandemic plan to add apartments, offices, hotel
Columbus, Ohio-based Washington Prime Group has told the city of Carmel it has decided to put the brakes on an ambitious plan to diversify the lifestyle center.Read More
City still has grand vision for GM site, despite unraveling of $1.4B Ambrose project
Ambrose’s withdrawal from Waterside follows other changes at the firm, including the May defection of three senior executives to start Westfield-based Patch Development.Read More
Ambrose is mum, but experts say it likely ran into financing problems for $1.4B Waterside
Real estate developers and experts suspect the firm couldn’t get access to enough capital to move forward with the massive, 103-acre development. Opinions are mixed on whether the site should remain intact or be split into multiple projects.Read More
Ideas abound on where to put Indy Eleven soccer stadium
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.Read More
Negotiations could be difficult, given that both sides have strong arguments, legal experts say.
The letter from the city’s corporate council to Ambrose says that to “avoid the delay and expense of a court process, we would welcome the opportunity to begin negotiation acquisition of the property immediately.”
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
The massive project, which includes industrial, residential and commercial uses, would take place on largely undeveloped land near the State Road 32/38 split.
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.
But the mixed-use project called Sycamore Flats, filed by Carmel-based J.C. Hart Development, appears to have more momentum than past proposals opponents or local officials rejected.
Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.
Thompson Thrift Retail Group now has firmer plans for developing land adjacent to The Yard at Fishers District as the project moves forward in the zoning process. The plan moved forward in the approval process Wednesday night.
The omnibus alcohol bill authored by Rep. Ben Smaltz, R-Auburn, would also create a special alcohol permit for a planned food hall at the Bottleworks development on Massachusetts Avenue.
Their Bloomington-based owner is marketing them less than three years after completion. They include The Delaware, a high-profile complex at 22nd and Delaware streets.
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district’s downtown headquarters, after the offers came in well below expectations.
As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.
Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
The Rock initiative is providing affordable homes and spurring other big changes in the far-east-side neighborhood.
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
The proposed development at 421 N. Pennsylvania St. has undergone extensive changes since this spring, including rising from seven to 11 stories.
When The Yard at Fishers District was proposed in November 2016, it was billed as a culinary-centric development. But as the project has grown, so has the number of non-food-related tenants.