The principal developer of Carmel’s City Center, Pedcor Cos., is working with city officials on plans for a four-star boutique hotel that likely would cost at least $32 million to build and may require an additional city subsidy.
The city-owned properties targeted for redevelopment are at 555 N. New Jersey St., the site of Indianapolis Fire Department administrative offices and Station No. 7, and at 501 N. New Jersey St., the location of Firefighters Credit Union.
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
City officials and the developer of a proposed parking garage in Broad Ripple have refused to share financial projections for the project, describing the documents as a “trade secret” exempt from public disclosure.
A former Indianapolis resident who now lives in Philadelphia won the Monument Circle Idea Competition People’s Choice award, Indianapolis Downtown Inc. announced Tuesday.
Denney Excavating of Indianapolis has been granted the contract to demolish the vacant Keystone Towers apartment complex with a bid $827,000.
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
Posters highlighting the top 12 proposals will be on display in Monument Circle storefronts until June 26 so members of the public can vote for their favorite. The ideas could be used by planners plotting the future of the downtown space.
A local developer’s $12 million project is transforming a four-story office building and five acres of surface parking lots adjacent to The Fashion Mall at Keystone into a new retail and restaurant destination.
The plan would enhance the area around West 38th Street and Lafayette Road with landscaping, monuments and murals.
The $155 million complex, to be built primarily on Eli Lilly and Co.-owned parking lots at Delaware and South streets, is to include a boutique hotel, a YMCA, apartments and retail and office space.
The lead developer on a long-delayed proposal to redevelop the former Bank One Operations Center has landed a powerhouse partner: apartment developer Gene B. Glick Co.
The city’s Economic Development Committee, which was set to vote on the downtown project’s $98 million bond financing package on Tuesday, chose to wait until February after making a few changes.
Approval would let city issue $98 million in bonds to finance its portion of the $155 million North of South mixed-use project set to be built on 14 acres north of South Street between Delaware Street and Virginia Avenue.
The team, which plans to build an office building in the 200,000-square-foot range, beat out six other groups that submitted proposals.
Developer Puller Group has agreed to relinquish a high-profile property approved for a massive water park and retail project to lender Fifth Third Bank following a months-long legal battle over an $8.6 million loan.
The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.
City planners have downsized their renovation plans because project bids came in too high to meet the $2.7 million budget.
J.C. Hart Co. spent more than a year securing a $5 million bank loan to expand an existing project; Buckingham Cos. turned to the city to finance its ambitious project just north of the Eli Lilly and Co. campus.
The Hamilton County sports and recreation campus—known as the "Family Sports Capital of America"—is expected to occupy 300 acres and cost millions to fully develop.
