A Marion Superior Court judge has ruled in favor of a North Carolina developer, after a neighborhood resident challenged his plans to build the project.
A Marion Superior Court judge has ruled in favor of a neighborhood resident, who fought the Indianapolis Historic Preservation Commission’s decision to give the project the green light.
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
The owner of the structure, which served as a Greyhound bus terminal until 2001, is modernizing the space in hopes of attracting a mix of office tenants and restaurants.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
Bill Oesterle has assembled a group of local heavy hitters in hopes of purchasing the 17.5-acre site east of downtown, now that ANGI Homeservices Inc. has put it up for sale.
The $120 million building will become yet another signature structure in the new Market East district, a section of downtown that until recently featured a sea of parking lots and ramshackle buildings.
Although the largest units in 360 Market Square will top out at more than $2,000 a month, the rates compare favorably with other new downtown projects, according to one apartment expert.
The latest offer calls for the developer to build the Murat Temple Association a 40,000-square-foot headquarters as part of a larger hotel project on the downtown site of the Murat Shrine Temple.
After months of discussions, the Indianapolis Historic Preservation Commission on Wednesday approved the design of a massive development that could transform the northeast end of Massachusetts Avenue.
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
The city is considering eliminating the highway’s Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.