Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Urban Development
Articles
City set to solicit new ideas from developers for Old City Hall property
The city of Indianapolis is going back to the drawing board in its quest to redevelop Old City Hall after a proposal to turn the historic downtown property into a 21c hotel fell apart.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
New owners of Gold Building weighing restaurant or office addition
The project could take shape on property directly adjacent to the City Market, in addition to $8 million in renovations planned to spiff up the Gold Building and a neighboring office complex.
Experts: Endangered downtown Marsh locations attractive to competitors
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
Ambrose’s $550M proposal chosen to revamp GM stamping plant site
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.
UIndy president makes headway on plan to lift neighborhood
Robert Manuel has become highly educated in real estate development since arriving almost five years ago as president of the University of Indianapolis.
Exterior of downtown bank headquarters getting major overhaul
The National Bank of Indianapolis is set to begin upgrading the facade of its flagship location at Pennsylvania and Market streets—the first improvement to the building's outside in more than 40 years.
Developer gets feedback on $260M Bottleworks project from city planners
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
Development taking off in east-side corridor
Harrison College is asking $11.5 million for its two-building campus along East Washington Street, a steep jump from their assessed values but reflective of the area’s increasing potential for growth.
Co-working space commits to Marietta building on Mass Ave
New York-based Industrious said it will occupy two floors in the structure under construction by local developer Gershman Partners. It’s the second co-working provider to secure a downtown locale in two months.
Condos make comeback amid apartment boom
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
Downtown’s south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Contamination at former Coca-Cola plant site extends into neighborhood
The developer who is planning a $260 million redevelopment of the downtown property says a contaminant has seeped into the adjacent Chatham Arch area.
Developer blazes trail with market-rate homes at Central State
But South Bend-based Holladay Properties is about to test the demand for new housing priced in the $200,000 range on the former campus of the west-side Central State Hospital.
Historic downtown building to house new Tapestry hotel brand
Ratio Architects is designing the project for Hilton as part of a redevelopment of One Jackson Place, a 93-year-old former hotel near Union Station.
Developer buying Milano Inn property for big mixed-use project
A South Bend-based firm envisions condominiums and a mix of retail and restaurant space on the site of the hallowed Italian eatery that closed late last year.
City lands $55M in federal tax credits for economic development projects
Mayor Joe Hogsett said the award of the New Markets Tax Credits will provide gap financing for "developments designed to jump-start economic development, create jobs in at-risk areas and revitalize distressed neighborhoods.”
City unveils plans for City-County Building plaza revamp
The latest design plan, from Rundell Ernstberger Associates, is ready more than two years after a more expensive version was selected and ultimately scrapped due to its cost.
City’s vision would relink GM property to downtown
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.