La Flaca music venue to open in International Marketplace district
La Flaca at the Square, an 1,800-capacity music venue, will launch this summer in a retail strip southeast of the former Lafayette Square Mall.
Redevelopment
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Developer eyes $100M-plus overhaul of Monument Circle building, purchased for just $6M
After launching the $120M Intercontinental Hotel across the street earlier this year, Keystone Group intends to collaborate with local and state officials to determine a long-term strategy for the former Anthem HQ.
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Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
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City acquires former women’s prison property in land swap with state
In a deal announced Wednesday, Indianapolis will receive the former Indiana Women’s Prison site on the east side in exchange for a portion of Sherman Park and property that is home to the Indianapolis Animal Care Services municipal animal shelter.
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Former Westfield library building to become school district event center
The Westfield City Council this week unanimously approved a plan to renovate and convert the 32,000-square-foot former library at 333 W. Hoover St. into the $15 million Westfield Washington Schools Event Center.
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Articles
Can a new push save Washington Square Mall?
Competing visions—from the mall’s current majority owner and a local politician—aim to revamp the entire 1.1-million-square-foot shopping center.
City commission approves plan to explore redevelopment of former Indiana Women’s Prison site
City officials hope a partnership with Urban Land Institute will help cultivate redevelopment ideas that are feasible for the site and beneficial for the east-side neighborhood.
Former Carnegie Library to become Atlanta Town Hall in northern Hamilton County
The Neoclassical-style building at 100 S. Walnut St. was the Hamilton North Public Library’s North Branch before it closed last year due to decreasing use and budget constraints.
Hogsett ‘serious’ about leaving proposed Indy Eleven stadium site undeveloped
Indianapolis Mayor Joe Hogsett’s administration could pursue a plan to turn the proposed Indy Eleven stadium property into a memorial park to honor its history as an early cemetery grounds rather than let it be developed, the mayor’s spokeswoman confirmed Friday.
Hendricks closes on $85M purchase of Circle Centre Mall
Hendricks Commercial Properties—the developer of the Bottleworks District—plans to spend at least $600 million to convert the nearly 30-year-old mall into an open air, pedestrian-focused retail, office and residential district.
InterContinental Hotel set to open this fall, bringing downtown another luxury lodging option
The $101 million project at 17 W. Market St. will include 170 rooms and a rooftop bar with views of the Soldiers and Sailors Monument. The opening will come some five years after Keystone first proposed the hotel.
Indiana Finance Authority expands water study that includes LEAP data
The state agency took over the study in November after skepticism mounted over a proposal to pump millions of gallons of water daily from Tippecanoe County to a massive high-tech park planned in Boone County.
Developer unveils expanded plans for Lafayette Square after initial idea stalls
Fabio De la Cruz said if his vision is realized and partners participate as he expects, the total investment in the area could reach $700 million to $1 billion.
Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
Ahead of construction-related closure, City Market waives two months of rent for vendors
The Hogsett administration has not yet released an ending date for the closure and has not committed to additional mitigation measures for the vendors.
Plans advance for nearly $6M overhaul of Crispus Attucks athletic facilities
The project on the downtown high school school campus entails relocating a pesky Verizon cell tower, reorienting the football field and track and upgrading seating for fans, coaches and the media.
Old City Hall development is ‘huge opportunity,’ although designs remain in their infancy
Early plans for the $150 million project, known for now as the “Alabama Redevelopment,” call for a 387-foot glass tower containing 190 apartments, 24 condominiums, 150 hotel rooms and 8,000 square feet of retail and hospitality space.
Merchants Bank planning 111,000-square-foot HQ expansion in Carmel
The building, according to designs by Carmel-based Studio M Architecture and Planning LLC, will have a brick and glass facade and include a walkway constructed above 3rd Avenue SW that will connect with the existing bank headquarters.
Wing Zone restaurant to take over former Donut Shop location
The first Indiana location for Wing Zone, a fast-casual chain with more than 60 locations, is expected to open by the end of the summer.
Wawa store planned at Noblesville’s Midland Pointe development
The $72 million Midland Pointe development is planned on 34 acres at the southeast corner of State Road 32 and Hazel Dell Parkway.
City planning to buy Drake apartment building from Children’s Museum
The Drake has been a often-discussed property since the museum said in mid-2019 the it planned to raze the 95-year-old building as part of a larger real estate effort to make space for additional exhibits and parking.
Ball State lands $7.5M to support plan for new performing arts center
The two gifts totaling $7.5 million from longtime supporters will be put toward development and construction of a performing arts center proposed for The Village, a business and culture district adjacent to campus.
City seeks developer input on former Oaktree Apartments site
The city is seeking input from developers on how to revitalize the former site of a long-troubled apartment complex on the far-east side of Indianapolis, officials announced Wednesday.
Temporary space set up for Lafayette Square Mall tenants
Owner Sojos Capital said more than 20 Lafayette Square Mall tenants will set up shop on the first floor of the former Sears building and will not be required to pay rent.