A historic downtown building half a block from the Central Library will undergo an $8.7 million face-lift&mdash.
The tension between a desire for investment and an inherent distrust of it is occurring across disadvantaged Indianapolis neighborhoods.
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.
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.
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.
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.
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.
Median household incomes have dropped in a full third of Indianapolis ZIP codes since 2000. Inequality is growing across the city.
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.
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.
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.
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.
An investment team headed by Bill Oesterle says it’s planning a “playground for the creative and innovative” on the 17.5-acre property.
Only the Pan Am Plaza and a city-owned parking garage on Illinois Street jump out as prime locations for the mega-hotel Visit Indy wants downtown, hospitality industry observers say.
The long-vacant P.R. Mallory building on East Washington Street is closer to becoming occupied, after plans to bring the Purdue Polytechnic High School there stalled over higher-than-expected renovation costs.
Tax cuts passed into law last year are starting to show up in workers' paychecks, boosting confidence in the economy to its highest level in more than 17 years.