A pair of local developers plans to spend at least $61 million to convert The Willows Event Center and adjacent land north of Broad Ripple into more than 250 apartments and townhouses, despite objections from nearby residents.
Read the full article in the IBJ.
A six-story multifamily development planned in the heart of Broad Ripple is the latest in a series of substantial projects that observers say might draw new residents and workers to one of the city’s most iconic neighborhoods.
Read the full article in the IBJ
An upcoming addition to Cunningham Restaurant Group isn’t for everyone. By design, a bar named The Bemberg will be a private club with paid memberships in a limited number. The members-only club, planned at the former site of The Owner’s Wife restaurant, 608 N. Park Ave., is envisioned by the Cunningham company as a place to stop by for drinks before or after a meal.
A local development team is planning to construct a 151-unit apartment building on a site of a former school in the Bates-Hendricks neighborhood.
Read full article in the Indy Star
A pair of local development firms are working together on a $33 million apartment project in the rebounding Bates-Hendricks neighborhood as part of an effort to bring new affordable housing units southeast of downtown.
Read full article on Indiana Business Journal
Construction is scheduled to begin next week on the new headquarters for Indianapolis-based staffing company Eight Eleven Group. The firm will break ground Tuesday morning at the site in the Broad Ripple neighborhood.
Eight Eleven says the location is significant as that’s where the company began in 2000 by a couple of college roommates, Ryan Hasbrook and Jeff Weiser.
View full article on Inside Indiana Business
An Indianapolis City-County Council committee has advanced proposals that would grant tax increment revenue bonds to two mixed-use development projects.
The Metropolitan and Economic Development Committee on Monday approved Proposal No. 302 and Proposal No. 303, which now move to the full council for final consideration.
Proposal 302 authorizes the issuance of $8.75 million in tax increment revenue bonds to Union East LLC to help finance an expansion to Union 525’s downtown corporate campus.
A planned two-building office headquarters in Broad Ripple for staffing company Eight Eleven Group received preliminary approval for $3.5 million in incentives this week by the Indianapolis Metropolitan Development Commission.
The project at 6207 N. College Ave. is expected to include two, four-story buildings—initial filings were for a five-story building and an adjacent four-story structure—totaling 60,000 square feet of office space, along with structured parking and 36 apartment units.
Eight Eleven Group, which was founded in Broad Ripple in 2000 to help staff information technology firms and find employees for businesses across several other industries, plans to employ up to 250 people at the property.
A local developer will join city leaders in breaking ground on a new project four years in the making.
The ceremony will mark the beginning of construction on the $20 million “Block 20” mixed-use development.
Currently, the lot next to the historic Athenaeum building is used for surface parking. When all is said and done, developers say the structure will include a 252-spot parking structure, 77 new apartments and restaurant space.
The groundbreaking on a $20 million project that will bring more housing and entertainment to Downtown Indianapolis begins on Wednesday.
The Athenaeum Foundation and developer Dan Jacobs will mark the start of construction on ‘Block 20.’
The project is being built on what is now a parking lot on East Street that sits next to the Athenaeum.
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