Former Phoenix Theatre space is now a warm, industrial condo
Dark steel beams, exposed ducting and stainless industrial-style appliances are warmed up by worn leather furniture and soft area rugs.
Redevelopment
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Developer buys Diamond Chain site for Indy Eleven soccer stadium, mixed-use district
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
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Circle Centre owners commit to ‘transformative’ mall revamp
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
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Developer submits incentive request for $200M project at Lafayette Square
The city on Wednesday confirmed it has received an incentive application from Sojos Capital LLC for tax-increment financing but declined to provide additional details.
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Developer plans $200M-plus revitalization project for Lafayette Square
Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
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Articles
City taking redevelopment proposals for City Market wing, Jail II, Arrestee Processing Center
The Department of Metropolitan Development on Thursday released two requests for proposals covering the three structures to developers.
City explores future of its downtown buildings
Officials are taking a fresh, hard look at municipal-owned real estate as part of a larger effort to repurpose several sites that will be largely vacated as agencies move to the Community Justice Campus.
Prodigy Burger Bar, breakfast concept to take former Scotty’s space on 96th Street
The restaurants are set to open in early 2022, following a $1 million renovation of the property by restaurant group O’Reilly Holdings LLC, which owns both concepts.
Elanco’s $100M headquarters gets final funding approval from city
The project was given a final, and unanimous, approval by the city’s Metropolitan Development Commission—the last step necessary to allow the city to request the funds from the Indianapolis Bond Bank.
Traders Point Church moving ahead with north-side Marsh renovation after delay
Traders Point first announced plans for its Midtown campus in January 2020, a few weeks after it closed on its $7.6 million purchase of the Marsh store east of Broad Ripple.
Indianapolis planning to spend $190M to update public facilities
Each project would range from $7 million to as much as $40 million, with funding coming from bonds tied to an expiring pension levy.
Fishers council narrowly OKs rezoning to allow affordable neighborhood
The approval will allow Hamilton County Area Neighborhood Development Inc. to develop 11 affordable, for-rent homes at the southwest corner of 141st Street and Cumberland Road.
EPA proposes pollution cleanup of Delco plant site in Kokomo
Contaminated soil and groundwater at the former General Motors plant would be cleaned up under a plan to help open up the land for redevelopment.
Carmel council clears way for hotel, apartments at Clay Terrace
Already, the project is having an impact on existing businesses, including Village Home Furniture and Clocks, whose owner said it plans to close the store this month, rather than move.
Fishers firm to redevelop part of 96th Street Marsh into new headquarters
Memory Ventures, a local media digitization company, is taking over the redevelopment of a former Marsh Supermarket in Fishers. The site previously slated for partial demolition will now be turned into the growing company’s new headquarters.
Oregon-based drive-thru coffee chain coming to Indy market
The Human Bean, which opened its first shop in 1998, is coming to Westfield. The local franchisee said he’s scouting Hamilton County for more sites. Also this week: Noble Roman’s, Big Woods and more.
$50M mixed-use development in works for downtown Noblesville properties
Ohio-based Republic Development and Carmel-based J.C. Hart have entered into an agreement with Hamilton County to buy a parking lot and develop a 226-unit apartment building with retail space and a 350-space parking garage.
Real estate pros bullish on Diamond Chain site
The planned closing of the 102-year-old factory in the southwestern corner of downtown likely will throw into play a nearly 18-acre site that real estate experts say would be attractive for myriad uses.
Cash-strapped Indy Parks seeks creative financing for community center
A deal to build a new family center at Broad Ripple Park could be just the first of several privately funded projects considered by the park system.
Indianapolis Zoo secures 28 acres of land for expansion
The parcels, which are south of West Washington Street and east of South Harding Street, are expected to be turned into permanent parking lots and additional zoo exhibits in the coming years.
One of Carmel’s oldest neighborhoods fighting to stave off redevelopment
Homeowners in Johnson Addition, which was built in the late 1950s and early 1960s, say their neighborhood is charming and one of the few affordable neighborhoods left near Carmel’s downtown—and they want it to stay that way.
Hotel planned for King Cole building downtown
Interior demolition appears to have already begun, and several tenants told IBJ that they have either already moved out or have been asked to vacate by the building’s owner.
Should this building be saved?
Historic preservationists and midtown neighborhood leaders don’t want to lose the Drake apartment building that its owner, The Children’s Museum of Indianapolis, plans to raze.
West Elm hotel no longer part of Bottleworks development
Plans to open a West Elm hotel in the Bottleworks District have been scrapped, but the developer says it still intends to include a hotel in the massive redevelopment project on Mass Ave.