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TM Crowley Plans to Add 352 Apartments to Mixed-Use in Noblesville; New Medical Resort Coming to Crown Point

30 May 2014, 9:09 pm







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by Adriana Pop, Associate Editor

Carmel-based TM Crowley Development LLC is planning to add a 352-unit apartment community to its mixed-use commercial project in Noblesville.

According to the Indianapolis Business Journal, the company is asking the city’s Plan Commission to rezone 25 acres of vacant farmland northeast of the intersection at State Road 37 and 146th Street from business to multifamily.

Crowley is also requesting the approval of a preliminary plan for its entire project known as Conner Crossing. The development will spread across more than 70 acres, with the retail/commercial component closer to 146th Street.

The planned apartment community will feature 16 buildings, as well as a clubhouse and maintenance facility. Amenities will include a resort-style swimming pool, fitness center, business center, car wash and outdoor living area, according to the description provided by Sheehan Cos. of Indianapolis. The company is a multi-family specialist that also manages Maple Knoll Apartments in Westfield and Lakeview Court Apartments in Noblesville (pictured).

In regional news, the Inside Indiana Business reports that the city of Crown Point has recently celebrated the groundbreaking of an approximately $16 million assisted-living and rehabilitative care facility.

Developed by Mainstreet Property Group LLC of Carmel, Claremont of Crown Point will offer 30 service-rich, well-timed assistance apartments and 70 Recovery Suites, in a hotel-like environment. The 66,598-square-foot medical resort at 1555 S. Main Street will also include a rehab center, movie theater, game room, restaurants, walking trails, Wi-Fi, and an onsite chef.

The project is expected to create 350 construction jobs and 100 permanent jobs by the time it opens in the spring of 2015.

“The City of Crown Point is excited about the partnership and investment that Mainstreet along with Symphony Post Acute Network have formed to create Claremont of Crown Point.  This location will combine quality health care with resort-style stay amenities – a new array of patient recovery model.   Coupled with the high number of construction and full-time employment opportunities, this is a win-win for all the parties involved,” David Uran, mayor of Crown Point, said in a news release.

Photo credits: www.lakeviewcourtapartmenthomes.net



The Alexander at CityWay in Indianapolis Achieves LEED Silver Certification; Online Tech Acquires Data Center in Indianapolis

23 May 2014, 8:37 pm







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by Adriana Pop, Associate Editor

Listed among TripAdvisor’s Top 10 Hot New Hotels in the U.S. in 2013, The Alexander in downtown Indianapolis has been awarded LEED Silver certification in the New Construction & Major Renovations category.

Managed by Dolce Hotels and Resorts, of Rockleigh, N.J., the property offers 157 guest rooms with stunning views of the city, along with 52 extended stay suites. Amenities include a fitness center, multiple restaurants and meeting rooms totaling 16,500 square feet of indoor and outdoor event space.

“Sustainability was central to the vision for The Alexander and CityWay. From construction through completion, environmentally-friendly practices were a priority,” Scott Travis, senior vice president of development at Buckingham Companies, said in a news release.

The hotel is part of CityWay, a new 10-acre neighborhood developed by Buckingham Companies at South and Delaware streets, in the heart of the city’s downtown. The $155 million project encompasses a mix of high-quality residences, office and retail space, a public park and a state-of-the-art YMCA.

Developed by the U.S. Green Building Council, LEED is the primary program for the design, construction and operation of green buildings. More than 44,000 projects are currently participating in the commercial and institutional LEED rating systems, comprised of more than 8 billion square feet of construction space in 120 countries.

In other news, Online Tech, a Michigan-based company that provides data center and cloud computing services, has announced an investment of more than $10 million in the acquisition and renovation of a new cloud computing facility in Indianapolis.   

Located on West Merrill Street, the new 44,000 square foot data center design will support three MW of electrical load and 16,000 square feet of raised floor space. Upon completion during this year’s third quarter, the facility will bring 25 permanent jobs for IT, sales and data center professionals in Indianapolis.

Online Tech currently has 100,000 square feet in four data centers in Michigan. The Indianapolis facility is the company’s first investment outside its home state.

“We looked at the entire Great Lakes region, and chose Indianapolis as it has a need for the full suite of security products and services that we offer. CIOs and CEOs know the challenges of making cloud computing not only secure, but also fully encrypted and compliant with regulations and standards ranging from HIPAA and SOX to PCI and Safe Harbor. Our record of accomplishment helping businesses to keep their data safe and their systems compliant is unmatched. Our Indianapolis investment will allow us to serve the expanding and critical needs of the region’s businesses immediately,” says Yan Ness, co-CEO of Online Tech.

Photo credits: www.thealexander.com



Construction on Deylen Realty’s Second Virginia Avenue Apartment Complex About to Begin

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by Adriana Pop, Associate Editor

Local developer Deylen Realty is planning to start construction on a new mixed-use multi-family complex at 501 Virginia Avenue in Indianapolis this month.

Called SLATE, the $11 million development will bring 68 market-rate apartments, 9,900 square feet of retail space and a parking garage with 76 underground spaces and 30 surface spaces. Construction is expected to be complete next summer, the Inside Indiana Business reports.

Designed by Blackline Studio, the new five-story building will be located between Milhaus Development’s Mozzo apartments and the Villagio condos in Fletcher Place. The complex is Deylen Realty’s second residential project in the city’s historic Holy Rosary/Fletcher Place neighborhood.

Just a few blocks south of the site of the SLATE building, the company has also developed The Hinge Flats, a highly successful apartment and retail complex, which opened in August 2012. Also designed by Blackline Studio, the $7.5 million property offers 56 market-rate apartments, 12,000 square feet of commercial space and a 57-space parking garage.  

“With the design of SLATE, we are aiming to introduce a new design aesthetic to Indy’s booming multi-family sector. The neighborhood’s enthusiastic response to The Hinge inspired us to push ourselves to develop a structure that would aid in their ambition to be known as one of downtown Indy’s most progressive big-little neighborhoods,” Blackline partner Nikki Sutton said in a news release.  

“As we developed the style of the building, we considered the pedestrian experience in tandem with the message the structure would send. We wanted a design that reflects the values of the growing neighborhood. We intend to deliver another project with great spaces for those looking to live in a cool, progressive downtown neighborhood,” added Craig Von Deylen, co-founder of Deylen Realty.

Founded by real-estate professionals and developers Craig Von Deylen and Todd Von Deylen, Deylen Realty has also converted a former community center in Indianapolis into the award-winning Fletcher Place Lofts. The company currently manages over $22 million in real-estate assets.

Photo credits: Blackline Studio



Indianapolis Selects Former General Motors Site for Justice Complex, to Cost as Much as $500M

2 May 2014, 9:52 pm







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by Adriana Pop, Associate Editor

The City of Indianapolis has finalized its decision to use part of the site of the former General Motors stamping plant southwest of downtown for the construction of the new Marion County Justice Center.

According to the Indianapolis Business Journal, the new criminal justice complex, which could cost as much as $500 million, would relocate and consolidate county jails, criminal courts and other related offices and agencies from disparate locations in the southeast quadrant of downtown.

“The City appreciates the input received from many people and three decades of study on this project,” Mayor Greg Ballard said in a prepared statement. “The many stakeholders of this facility agree the GM site offers better access for the general public, can be developed at less cost, and will produce significant private development opportunities in the surrounding area.”

In March, the City has selected three development teams to design the project, which will take about 40 acres of land in the northwest corner of the former 110-acre plant site. Plans call for 34 criminal court/hearing rooms and offices for the Marion County Sheriff’s Office and the Probation Department, a 3,500-bed detention facility, 750 community correction beds, 1,500 parking spaces, as well as room for future office and facility expansion.

The list of the shortlisted development groups includes:

  • ·         WMB Heartland Justice Partners, led by equity members Meridiam Infrastructure Indy Justice LLC, Balfour Beatty Investments Inc. and Walsh Investors LLC with major non-equity contributions by Walsh Construction Co. II LLC, Heery International Inc., Cofely Services Inc., Skidmore Owings & Merrill LLP; and Dewberry Architects.
  • ·         Indy Justice Partners, led by equity members Fengate Capital Management Ltd., AECOM Global Fund I LP and Shiel Sexton Co. Inc., with major contributions by W.G. Yates & Sons Construction Co., Tishman Construction Corp. and Johnson Controls.
  • ·         Plenary Edgemoor Justice Partners, led by equity members Plenary Group USA Ltd. and Edgemoor Infrastructure & Real Estate LLC. Major non-equity members are Clark Construction Group LLC, F.A. Wilhelm Construction Co. Inc., HDR Architecture Inc. and CBRE.

The City will receive the developers’ final bids this summer and expects to select the winning team by the end of the year.

Photo credits: www.racertrust.org



Indianapolis Announces Creation of New Cultural District

18 Apr 2014, 10:16 pm







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by Adriana Pop, Associate Editor

During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown.

According to the Indianapolis Business Journal, the area is currently experiencing significant construction activity, including the $81 million, 28-story Market Square apartment tower north of Market Street (pictured), the $62 million Artistry apartment project at the former Bank One Operations Center, the $30 million global distribution headquarters for Cummins Inc. and the $20 million transit hub for IndyGo bus routes on the south side of Washington Street.

Indianapolis officials hope that Market East will become similar to the city’s other six cultural districts, including Broad Ripple Village, The Canal and White River State Park, Fountain Square, Indiana Avenue, Mass Ave and Wholesale District.

“As we see in our other great cultural districts, urban residents want unique places to live, work, shop and dine,” Mayor Greg Ballard said in a prepared statement. “Market East will be an area of architectural and urban planning excellence that will help Indy attract new people and companies to this thriving area of downtown.”

And since the current plaza bordering Washington Street is deteriorating, the City has also launched a competition for the redesign of the plaza at the City-County Building. Through its Inspiring Places Initiative, the Central Indiana Community Foundation is supporting the contest with a $50,000 grant.

In other news, the Inside Indiana Business reports that the Indiana University Research and Technology Corp. is planning to sell its 63,000-square-foot Innovation Center building on 10th Street in Indianapolis and relocate to a repurposed building on the site of the former Wishard Hospital. The facility is part of the Indiana University-Purdue University Indianapolis campus.

“IU has exciting plans to transform the Wishard site into a hub of medical and scientific discovery, and moving to that location will allow us greater collaborative opportunities with faculty and students engaged in cutting-edge research,” IU vice president for Engagement William Stephan said in a news release.

Photo credits: Flaherty & Collins Properties