Penrose project to fill Mass Ave retail gap
Developers of the $50 million Penrose on Mass say they’ve already signed four commercial tenants to the block-long mixed-use project that won’t open for another five months.
Urban Development
Articles
Once a downtown pioneer, developer Keller returns to residential game
Decades ago, J. Scott Keller was a pioneer of the downtown residential real estate scene. Now he’s back, building two modular homes on South Arsenal Avenue with architect Terry Bradbury.
Developers say Stringtown near downtown could become hot spot
Stringtown is surrounded by activity or proposed activity: at IUPUI to the east, 16 Tech to the north, the former Central State Hospital site to the west, and the former GM stamping plant to the south.
Noblesville, developer partner on $24M apartment/parking project
The mixed-use development would provide downtown Noblesville with its first-ever parking garage and its first new apartment building in more than a century.
Mayor Joe Hogsett tries to chip away at poverty
The mayor said his administration has been “very intentional and purposeful” in trying to address the fact that more than 20 percent of Indianapolis residents—and a third of Indianapolis children—live in poverty.
Federal tax credit will help former YWCA serve homeless
A historic downtown building half a block from the Central Library will undergo an $8.7 million face-lift&mdash.
Struggling neighborhoods want their ‘own renaissance’
The tension between a desire for investment and an inherent distrust of it is occurring across disadvantaged Indianapolis neighborhoods.
Downtown’s forgotten south side ‘ready to explode’
Leaders of what’s known as Stadium Village on downtown’s southern edge have been waiting patiently for the area to pop; now, there’s finally enough activity to justify their hopes.
City set to pay $1.5M to review needs, reimagine presence downtown
All options are on the table for the city’s future use of the City-County Building, Old City Hall, the Marion County Jail and the 500-space East Market Street parking garage.
IBJ PODCAST: All you need to know about Indy’s bid for Amazon’s HQ2
With central Indiana on the short list for Amazon’s $5 billion secondary headquarters project, IBJ’s reporters for technology, real estate and economic development join forces to discuss what the internet giant wants and whether the Indy area measures up.
Indiana appeals court finds for Block 20 Athenaeum developer
The developer, along with the Indianapolis Historic Preservation Commission, were at the center of an appeal brought by neighbors of the historic building who oppose the project.
Backers gain support for $3M downtown fund
With time running out, Downtown Indy gathered enough signatures to present to the City-County Council, which ultimately will vote on the proposal to charge downtown property owners for beautification and other services.
New tax break may bolster neglected neighborhoods
Neglected neighborhoods in Indianapolis that have been targeted for development will soon have another way to attract investors.
LISC facade grants aim to boost small businesses through beautification efforts
The program has awarded more than $3.1 million to Marion County businesses since 2004—which has leveraged more than $10.6 million in property owners’ investment.
1 in 5 Indianapolis residents lives in poverty. And many areas are getting worse.
Median household incomes have dropped in a full third of Indianapolis ZIP codes since 2000. Inequality is growing across the city.
Local developer plans four-story condo project on Mass Ave
Stenz Construction Corp. bought a two-story office building in the Mass Ave District and is seeking to demolish it to make way for the development.
Hogsett explores shopping City-County Building, other downtown properties
Indianapolis officials have triggered a wide-scale review of the need for big municipal buildings downtown. Real estate executives are intrigued by the 28-story City-County Building’s potential for private redevelopment.
Integrating criminal justice center is key to lifting Twin Aire neighborhood
Ensuring the $572 million criminal justice center connects with the surrounding neighborhood and doesn’t sit isolated presents a big challenge for project planners and community leaders.
Milhaus swings creative deal for $16M apartment project in Fountain Square
The plan for the development, slated just east of the neighborhood’s commercial core, required reaching out to property owners on Prospect Street and collaborating with neighborhood officials.
City rushes to use $3M to raze abandoned houses
The Hogsett administration is racing against an end-of-year deadline to tear down blighted homes with $3 million it has remaining from a federal grant awarded in 2014 to tackle the problem.