
Irvington on the upswing with efforts to bolster commercial growth
Grassroots efforts by local residents have meant a boost in the number of restaurants and retailers in the historic Indianapolis neighborhood, which was once considered a suburb.
Grassroots efforts by local residents have meant a boost in the number of restaurants and retailers in the historic Indianapolis neighborhood, which was once considered a suburb.
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
Since Virginia-based Falcon’s Nest purchased the 400-acre development in 2011, residential construction has slowly been increasing. Now, some commercial development is beginning to follow.
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.
The firm behind the Ironworks apartment-and-retail complex at 86th Street and Keystone Avenue now intends to build a five-story, 120-room hotel next door.
The concept from local restaurateur Scott Wise will occupy 6,400 square feet of space on the ground level of the parking garage under construction next to Clowes Hall.
The complex, called American Place, would contain Indiana's smallest casino, 1.2 million square feet of retail space, 200 condominiums, 25 high-end hotel suites, a conference and performance center, offices, a movie theater with moving seats and a health club.
Deylen Realty is requesting the abatement to offset the cost of building Forte, a 64-unit apartment-and-retail project on part of a surface lot that had been owned by the city.
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
Three buildings are expected to be reviewed by the Carmel Redevelopment Commission Architectural Review Committee this month.
The Wisconsin-based home improvement retailer will build a bigger store near Interstate 465 and Pendleton Pike to replace one nearby at Pendleton Pike near Shadeland Avenue.
Sears will transfer 10 properties valued at $228 million to a company that it will own jointly with Indianapolis-based Simon Property Group, the companies said Monday.
TWG Development LLC has abandoned plans to save most of the headquarters after deciding that renovating the oddly configured structure would be too difficult.
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
Bryce Caldwell plans to open an Italian restaurant called Pioneer on June 1, more than three years after his original plan to launch on New Year’s Day 2012.
Three vacant structures at an intersection just north of East 16th Street have been purchased by two developers planning a mix of office and retail for the struggling area.
Executives of Flaherty & Collins Properties will join city officials Wednesday to turn dirt on the site, kicking off construction of the $121 million, 28-story apartment project anchored by a Whole Foods store.
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.