Circle City Industrial Complex lands big loan for updates
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Project Funding
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Emails: Ambrose exited Waterside project 2 weeks after city rejected request for more funding
The Indianapolis-based developer asked the city for an increase of more than $10 million to its incentive package. But following meetings and email exchanges, city officials rejected the request, calling it “not feasible.”
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Speedway B&O Trail extensions could spur development
Redevelopment experts are confident the west side will see a jolt in property values and development opportunities as plans to extend a Speedway trail both east and west move forward.
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Articles
Plans for $40 million sports/entertainment complex in Greenwood called off
The proposed 60-acre commercial development has been taken off the drawing board after Indy Fuel owners Jim and Sean Hallett decided to drop plans for a $25 million sportsplex that was to serve as anchor of the project.
City to steer $500K into grocery development in low-income areas
The Hogsett administration plans to use federal grant funding to stimulate the development of one or more grocery stores and help eliminate food deserts.
UIndy launches master’s degree for real estate development
The program is believed to the first of its kind in the Midwest, providing graduate-level classes on financial, management and development skills.
Butler set to start work on $49M School of Business building
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
Future of east-side church, once slated for demolition, still in limbo
TWG Development’s plan to convert the century-old structure into senior housing units has hit a snag, as the project wasn’t awarded federal tax credits in the latest round of allocations.
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.
Pittman family properties in $2.4M estate could be auctioned
Heart surgeon John Pittman’s offspring have been feuding in court since September about how to handle real estate in Carmel and Zionsville.
Developer plans $30M urban-style apartment project in Plainfield
Cityscape Residential hopes to break ground in the spring on the 306-unit development, which would be within walking distance of the Shops at Perry Crossing.
Q&A: Scott Harris, outgoing Speedway redevelopment guru
The outgoing executive director of the Speedway Redevelopment Commission waxes on the progress the town has made remaking its Main Street.
Preservation group delays action on project with ‘digital canvas’
Members of the Indianapolis Historic Preservation Commission say they postponed a vote on the Mass Ave project at the request of City-County Council members who argue the building’s massive screen could run afoul of billboard rules. Commission members also questioned the building’s design and even its bold colors.
Bankruptcy, foreclosure filing dog Park Fletcher property
The new owner of 17 buildings in the southwest-side industrial park has filed to reorganize $12.6 million in debt as the lender seeks to foreclose.
Hamilton County seeks an out to avoid referendum for renovation
Hamilton County leaders are asking state legislators for relief from a 2008 law that requires all capital projects costing more than $12 million be put to a vote.
UPDATE: Lowe’s to invest $20.5M in customer-service center
The home-improvement retail titan plans to begin hiring immediately for the center on the northeast side, pledging to employ as many as 1,000 workers making wages of $10 to $14 per hour.
Developer requesting $1M over Broad Ripple project delays
Browning Investments Inc. is seeking the damages from opponents of its proposed $30 million apartment-and-retail projects for costs related to construction delays due to a pending appeal.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Proposed criminal justice complex draws five bidders
In the meantime, city officials are arranging to meet with lawyers, judges and residents who are concerned about moving jails and courts from downtown’s core.
Developer HDG Mansur battling in court with former client
A local real estate fund manager sued by a former client is fighting the charges by claiming in a countersuit that it’s owed more than $20 million in fees.
Developer F&C’s ‘bold statement’ could finally solve MSA puzzle
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.
City set to unveil Market Square project plans
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.