Ex-GM site attracting ‘intense’ interest
The entity marketing the former General Motors stamping plant site is putting the property back on the market after plans for an outdoor concert venue on about half the 102 acres fell through.
Urban Development
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Plan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.
School to spend millions to rehab nautically themed armory
One of Indianapolis’ most unique historic structures, a naval armory vacant since early last year, soon will be bustling again—this time with high school students.
Key 38th Street corridor poised for renewal
A prominent Indianapolis developer is pursuing two projects totaling $32 million that would bring a grocery and 200 apartments to a neglected stretch near 38th and Meridian streets.
Children’s Museum proposes $10M-plus outdoor sports-related attraction
The Indianapolis institution is in the beginning stages of planning its Sports Legend Experience on 10 acres to the north of the museum. The attraction would include several sports-related activities.
UPDATE: Apartments, parking garage planned on Mass Ave adjacent to Athenaeum
The mixed-use project would include more than 65 apartments, retail space and a 229-car garage on what is now a surface lot.
City seeks to lead redevelopment of downtown IPS site
The Hogsett administration is in discussions with school administrators to take over decision-making on the 11-acre Massachusetts Avenue property and might even buy the site.
City Center to see blitz of projects this summer
After years with little construction activity at City Center in Carmel, four projects are expected to break ground this year that will bring more parking, housing and retail to the city’s core.
IPS board chief recuses herself from Mass Ave land sale
To avoid appearances of a conflict of interest, Mary Ann Sullivan has removed herself from the bid process because of her husband’s ties to the two Milhaus bids.
$1B Methodist revamp might spawn housing rush
Indiana University Health hopes its $1 billion plan to expand Methodist Hospital will spawn nearby development, creating an area where employees can live adjacent to where they work.
IPS board postpones vote on proposals for Mass Ave site
Originally set to vote Thursday, board members decided they needed more time to examine proposals for redeveloping the former Coca-Cola bottling plant site and to get feedback from neighbors.
Well-funded real estate newcomer turning heads
Out-of-state developer Hendricks Commercial Properties hopes to make a bold statement in Indianapolis with its $260 million pitch for a mixed-use project on a highly coveted piece of downtown land.
City to face another hard-to-fill shuttered factory
The only memories of thousands of long-gone manufacturing jobs are the giant, vacant factories left behind when companies bolt—after consolidation, restructuring or in search of cheaper labor.
Apartment boom starts losing steam
Thousands of apartments have been built downtown in recent years to satisfy a voracious appetite for more rental housing in the city’s core. But demand for new apartments in the Indianapolis area finally appears to be softening.
Judge rules on residents’ challenge to $10M Ransom Place project
The three residents of the historic downtown neighborhood objected to the apartment project, claiming it was too big and suggesting race might have played a role in its approval. A Marion Superior Court judge disagreed.
Key lawmaker wants state to buy GM site for green space
Senate Appropriations Chairman Luke Kenley, R-Noblesville, wants the state to buy the 102-acre General Motors stamping plant site on the western edge of downtown and turn it into an expansion of White River State Park.
Restaurateur plans condos behind new eatery on New York Street
Mike Cunningham and business partner Patrick Heitz have received approval to build two upscale condos in one structure at the rear of the Vida restaurant, set to open early next month.
City-County Council gives go-ahead to 16 Tech bonds
The City-County Council voted unanimously Monday night to approve $75 million in bonds for infrastructure improvements that should allow development of the 16 Tech innovation district to move forward.
Developer plans $110 million second phase of CityWay
The development plan by Buckingham Cos. consists of seven more buildings—including a nine-story tower—that will contain 450 apartments and 19,500 square feet of retail or office space. A parking garage also would be built.
Design of $50M Mass Ave apartment project wins approval
The Indianapolis Historic Preservation Commission on Wednesday evening approved the design of the five-story Montage on Mass apartment and retail project, but the building’s controversial electronic-mesh art display likely won’t be considered until next year.