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Author Topic: Indianapolis: Developments and News  (Read 1593 times)

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Offline C-Dawg Njaim

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Re: Indianapolis: Developments and News
« Reply #60 on: March 07, 2017, 05:12:06 PM »
Nice, Broad Ripp is really booming and densifying.  Indianapolis is interesting because from downtown north to Broad Ripple it's got to be close to 8 miles, and while there are some small nodes of commercial really the only main area is Broad Ripple.  But I think B Ripp is a lot bigger commercial district than any node in Cincinnati outside of OTR.  It really is a big area and they are really adding a ton of apartments there.  B Ripp is like adding together Oakley, Hyde Park and Mt. Lookout into one node, it seems.  Of course very different structurally but, interesting area nonetheless. 

Also, I kind of wonder if Cincinnati will see the type of re-development along the Wasson Trail as B Ripp has seen along the Monon Trail.  I highly doubt it, as a lot of the area along the Monon close to B Ripp seemed pretty tired and run down.  Most of the area along the Wasson is pretty well developed besides a few places and considering how much Hyde Park refuses to densify or add any commercial, I kind of doubt we will see much spin off development in that Hyde Park area, which kind of begs the question, what is the economic value besides being gift to Hyde Park?

What Indy really needs is a light rail line down Meridian with an offshoot to Broad-Ripple. The Downtown is booming too, but these stronger districts are disconnected and far apart. Indy lost a larger percentage of its population than Columbus did in its 1950 boundary area (the pre-WW2 urban core), so it is a largely disconnected city. The dense, vibrant nodes function as islands.

Still, the momentum is real, and the turnaround is a great to see!
« Last Edit: March 07, 2017, 05:18:42 PM by C-Dawg »

Online BigDipper 80

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Re: Indianapolis: Developments and News
« Reply #61 on: March 07, 2017, 05:48:55 PM »
Yeah, I think a rail line up to Carmel would be a boon for that Meridian corridor. There are some great Chicago-esque rowhouses and apartment buildings just north of downtown and I'd love for that area to start seeing Mass Ave-type development.
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #62 on: March 08, 2017, 10:20:52 PM »
Debut of $37M Coil to kick off Broad Ripple apartment flurry

Broad Ripple’s quest to bring more residents into its commercial core and add more daytime traffic to the nightclub-studded neighborhood is about to get a big boost on April 1.

That’s when Browning Investments is set to open its $37 million Coil mixed-use development on North College Avenue along the northern edge of the Central Canal.

The project contains 151 apartments ranging in size from 550 square feet to 2,980 square feet and is anchored by a 33,500-square-foot Fresh Thyme grocery store. Monthly rents range from $950 to $2,500.

More below:
http://www.ibj.com/articles/62836-debut-of-37m-coil-kicks-off-broad-ripple-apartment-flurry

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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #63 on: March 20, 2017, 10:59:54 PM »
Indy updates, courtesy of SSC-

Lux on Capitol - 3/16/17

Illinois St. looking North


Illinois St. and Michigan St.


Michigan St. and Capitol Ave.


Capitol Ave. and North St. looking South


Capitol Ave. and North St. looking East


Along North St.



The Marietta - 3/18/17



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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #64 on: April 04, 2017, 10:45:18 PM »
Could Indianapolis' White River riverfront look like this? Maybe, someday



Changes could be on the horizon for Indianapolis’ White River riverfront.

A group of Indianapolis leaders along with the White River State Park Commission’s Executive Director visited Wilmington, North Carolina last week to get some ideas for what they could do to the riverfront here in Indy.

The riverfront in Wilmington is often considered one of the most beautiful in the country, and city leaders who visited there last week are hoping to bring back some ideas on how to improve the riverfront here in Indianapolis and create competition for that title.

More below:
http://www.theindychannel.com/news/local-news/could-indianapolis-white-river-riverfront-look-like-this-maybe-someday
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #65 on: April 21, 2017, 02:29:21 PM »
$41M apartment project in Mile Square moving forward

Construction on a $41 million apartment and retail project downtown should begin in the fall and finish in early 2019, developers told Metropolitan Development Commission members Wednesday.

Dubbed The Ardmore, the five-story development is slated to be built on 2.8 acres at the southwest corner of North Delaware and East New York streets. (Click on image for larger view.) That’s the same block as the 36-story Regions Tower, which was developed in 1970 and for many years was the tallest building in the state.



More below:
https://www.ibj.com/blogs/3-property-lines/post/63465-41m-apartment-project-in-mile-square-moving-forward
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Offline westerninterloper

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Re: Indianapolis: Developments and News
« Reply #66 on: April 21, 2017, 09:18:58 PM »
Nearly every new apartment building in Indianapolis unleashes this chant in my head:

[youtube]https://www.youtube.com/watch?v=ZIXt3fYjuz0[/youtube]

Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #67 on: April 27, 2017, 01:53:33 PM »
Goodwill, developer proposing $26M apartment project for near-west side

A local joint venture wants to build a four-story, $26 million apartment project on the near-west side that would be geared toward middle-income workers who can’t afford higher downtown rents.

Strategic Capital Partners is partnering with Goodwill of Central & Southern Indiana on plans to construct 220 units, 10,300 square feet of commercial space and 220 parking spaces at the southwest corner of West Michigan Street and White River Parkway—directly west of the White River. The project is named Riverview.

More below:
https://www.ibj.com/blogs/3-property-lines/post/63571-goodwill-developer-proposing-26m-apartment-project-for-near-west-side

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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #68 on: May 01, 2017, 02:46:56 PM »
Indy’s Red Line transit system gets $50 million in federal funds

The spending bill compromise reached by Congress and announced Monday includes some positive news for Indianapolis.

The deal includes $50 million funding for the Red Line system from Broad Ripple to downtown to the University of Indianapolis.

Last year, voters approved a measure that would tax them $54 million annually to supplement the federal money.

More below:
http://fox59.com/2017/05/01/indys-red-line-transit-system-gets-50-million-in-federal-funds/

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Offline Brutus_buckeye

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Re: Indianapolis: Developments and News
« Reply #69 on: May 02, 2017, 11:02:30 AM »
Did Cummins move their HQ from Coumbus?

Offline mrnyc

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Re: Indianapolis: Developments and News
« Reply #70 on: May 02, 2017, 11:46:12 AM »
well, damn, something's going on in indy, even if it is mostly variations of the same apt building. who cares though, obviously people are liking it and the more density they can build back up and the more people the better. good for them.

Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #71 on: May 02, 2017, 10:38:51 PM »
Retail, office space planned for former General Motors plant site in Indianapolis

A hotel, office space and retail space is planned for the former General Motors plant site west of downtown Indianapolis.

The property was sold to Ambrose Property Group, which submitted a proposal for 2.7 million square feet of development and investment of more than $550 million for apartments, office space, retail space and a hotel along the White River.

More below:
http://www.theindychannel.com/news/local-news/retail-office-space-planned-for-former-general-motors-plant-site-in-indianapolis





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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #72 on: May 04, 2017, 02:34:42 PM »
Contentious Chatham Arch condo project wins approval from city commission

A contentious condominium development that would encompass an entire block in the Chatham Arch neighborhood has finally won approval from the city.

The Indianapolis Historic Preservation Commission voted 6-1 Wednesday in favor of the project, which features 55 condominiums in two four-story buildings along North East Street south of Ninth Street, along with seven single-family homes and four townhouses situated on the east side of the block facing North Park Avenue.

More below:
https://www.ibj.com/blogs/3-property-lines/post/63690-contentious-chatham-arch-condo-project-wins-approval-from-city-commission?platform=hootsuite

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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #73 on: May 05, 2017, 08:40:39 AM »
:wtf: :wtf: :wtf: :wtf: :wtf:

A Bizarre Park Called The Idle Is Planned For Downtown

Indianapolis tourism has always been hampered by the lack of an ocean, lake, shoreline, or mountains—something majestic for the advertisements, something obvious for visitors to gravitate to. Our something-majestic is the Indianapolis Motor Speedway. Concrete and pavement and fumes.

Not quite the same, right? Not so fast, says Tom Battista, one of downtown’s visionaries. He finds traffic fascinating, so much so that he’s creating a park overlooking downtown’s interstates. It’s called The Idle, and after five years of work on the plan, the wheels are finally turning. The Federal Highway Administration has signed off, Battista says, and yesterday, the project launched a $41,000 crowdfunding campaign with a matching grant.

More below:
http://www.indianapolismonthly.com/news-opinion/bizarre-park-the-idle/

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Online BigDipper 80

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Re: Indianapolis: Developments and News
« Reply #74 on: May 05, 2017, 09:45:50 AM »
Five years for some plastic seats and a Cedar Point style useless non-canopy?  :-o
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #75 on: May 07, 2017, 09:15:07 PM »
Butler set to start work on $49M School of Business building



The transformation of the Butler University campus is continuing with the college’s plans to break ground next month on a $49 million building to house its School of Business.

Butler’s business school now occupies the Holcomb Building which, along with neighboring Gallahue Hall, will be renovated in the next few years as part of a separate, $92 million project to grow the school’s science program.

More below:
https://www.ibj.com/articles/63650-butler-set-to-start-work-on-49m-school-of-business-building
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #76 on: May 19, 2017, 02:51:24 PM »
New plans emerge for former Omar Bakery site on East 16th



A new plan to redevelop the former Omar Bakery property near East 16th Street is nearing city approval, with the proposal calling for the demolition of the vacant, century-old building.

After receiving the green light from the Regional City Hearing Examiner on May 11, the proposal from CalAtlantic Homes of Indiana (formerly Ryland Homes) to build 34 townhomes on the near-north-side lot is set to be presented June 7 to the Metropolitan Development Commission.

More below:
https://www.ibj.com/blogs/3-property-lines/post/63862-new-plans-emerge-for-former-omar-bakery-site-on-east-16th?id=3-property-lines
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #77 on: June 16, 2017, 02:06:45 PM »
Can proposal to run train to downtown Indy for Colts, Pacers games overcome obstacles?



How's a train from Fishers to an Indianapolis Colts game, coupled with a little "rail-gating," sound?

Or a business-related excursion on a fine-dining car with a few dozen of your favorite corporate clients?

Those are some of the ideas being rolled out by the Indiana Transportation Museum for expanded service along the Nickel Plate rail line from Tipton to Indianapolis. The Noblesville museum submitted a proposal this week to the Hoosier Heritage Port Authority, which oversees the 37-mile line through Marion and Hamilton counties. The track is owned jointly by Fishers, Noblesville and Hamilton County.

More below:
http://www.indystar.com/story/news/local/hamilton-county/2017/06/15/can-proposal-run-train-downtown-indy-colts-pacers-games-overcome-obstacles/393964001/
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Offline clvlndr

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Re: Indianapolis: Developments and News
« Reply #78 on: June 16, 2017, 02:59:48 PM »
Sounds like a great idea.  I'm guessing this rail line isn't unlike our Cuyahoga Valley Scenic Railway here in Cleveland.  It's interested that some suburban Indy folks want to tear up the track for a hiking trail... IIRC Indy has a couple other greenways where LRT could be/could have been built. Hiking trails are all well and good, but give me a working commuter rail line any day of the week.

Offline mrnyc

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Re: Indianapolis: Developments and News
« Reply #79 on: June 16, 2017, 08:16:47 PM »
sounds like a plan -- the only way to know is try it out and see how it takes!

Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #80 on: June 22, 2017, 09:36:38 PM »
City pores over more designs for mammoth Bottleworks project on Mass Ave



The Indianapolis Historic Preservation Commission reviewed designs on Wednesday evening for four more buildings in the massive Bottleworks project proposed for the site of the former Coca-Cola bottling plant downtown.

Greg Uhen of Milwaukee-based Eppstein Uhen Architects highlighted an eight-story office building slated for the southwest corner of 10th and Bellefontaine streets and three mixed-use buildings set for the triangular section at the southwest end of the development at North College and Massachusetts avenues.

More below:
https://www.ibj.com/blogs/3-property-lines/post/64321-city-pores-over-more-designs-for-mammoth-bottleworks-project
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #81 on: July 24, 2017, 10:58:32 AM »
City preservation officials sign off on $260M Bottleworks project

A Wisconsin firm’s efforts to redevelop the 11-acre site of the former Coca-Cola bottling plant downtown took a major step forward Wednesday evening.

The Indianapolis Historic Preservation Commission unanimously approved with conditions the design from Hendricks Commercial Properties, which is proposing to build a $260 million mixed-use project on the property at North College and Massachusetts avenues.

IHPC awarded Hendricks a certificate of appropriateness that says the current design has a life of seven years, after which developers again would need to seek approval. The project is so large that it could take at least that long to finish it.

More below:
https://www.ibj.com/articles/64667-city-preservation-officials-sign-off-on-260m-bottleworks-project





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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #82 on: September 07, 2017, 01:16:16 PM »
Owner of historic downtown building pitching 24-unit condo project



The owner of a historic building just three blocks from Monument Circle and across South Meridian Street from Circle Centre mall wants to demolish most of the structure to make way for a condominium development.

The project would stand six stories and blend new construction with old by incorporating the façade and another portion of the original building at 119 S. Meridian St. The project also would occupy a narrow property immediately to the north that currently is used for surface parking.

More below:
https://www.ibj.com/articles/65105-owners-of-historic-downtown-building-pitching-24-unit-condo-project
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #83 on: September 18, 2017, 01:13:50 PM »
Murat group again exploring deal to sell Old National Centre property



The group that owns the landmark Old National Centre entertainment and hospitality venue in downtown Indianapolis is considering selling the property to a local developer, which in turn would build it a new headquarters on the same site as part of a larger hotel project.

The latest bid marks the second time in three years that the Murat Temple Association has fielded an offer for the property at 502 N. New Jersey St.—this one from Browning Investments, according to a local real estate source with knowledge of the offer.

More below:
https://www.ibj.com/articles/65463-murat-group-again-exploring-deal-to-sell-old-national-centre-property?utm_source=ibj-daily&utm_medium=newsletter&utm_campaign=2017-09-18
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #84 on: December 14, 2017, 10:44:06 PM »
San Francisco firm converting historic downtown office building into hotel



A San Francisco-based hospitality company has agreed to convert the 109-year-old One North Penn building downtown into a 130-room hotel.

Kimpton Hotels & Restaurants announced Thursday morning the deal with locally based building owner Loftus Robinson LLC to bring its first hotel to the city. The hotel is set to open in early 2020.

The project is intended to turn the 16-story building, at the northeast corner of Washington and Pennsylvania streets, into a hotel with a signature restaurant, rooftop bar and more than 5,000 square feet of meeting space.

More below:
https://www.ibj.com/articles/66681-san-francisco-firm-converting-historic-downtown-office-building-into-hotel?utm_source=breaking-news&utm_medium=newsletter&utm_campaign=2017-12-14
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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #85 on: February 01, 2018, 10:54:53 PM »
High-end row house project under way in Herron-Morton neighborhood

A local developer has started construction on a $6 million residential project that will bring more high-end homes to the thriving Herron-Morton Place neighborhood north of East 16th Street.

Litz & Eaton Development Co. is building 13 rowhomes as part of a two-building development on the west side of Pennsylvania Street. The surface lot on which the homes will be built sits just north of East 18th Street, in an area where pricey custom houses are cropping up with more frequency.

More below:
https://www.ibj.com/blogs/3-property-lines/post/67335-6m-residential-project-under-way-in-re-emerging-herron-morton-neighborhood?id=3-property-lines

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Offline ColDayMan

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Re: Indianapolis: Developments and News
« Reply #86 on: February 01, 2018, 10:56:23 PM »
With Carson's out, what's next for Circle Centre?

Real estate experts say they are confident the three-story space Carson’s plans to vacate in Circle Centre mall can be filled, by another retailer or office user, despite the mall’s troubles.

Bon-Ton Stores Inc., the struggling parent of Carson’s and other mid-tier department store brands, announced Wednesday that the store at the corner of Meridian and Washington streets is one of more than 40 locations slated to close.

A liquidation sale is set to begin Thursday and could run for as long as 12 weeks, Pennsylvania-based Bon-Ton said in its announcement.

More below:
https://www.ibj.com/articles/67308-with-carsons-out-whats-next-for-circle-centre

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