Apartment Choice

The city of Indianapolis is prepared to commit up to $4.6 million to the downtown Bottleworks project , with most of the amount needed to move an electric transmission line running through the site. A 38- page project agreement between the city and developer Hendricks Commercial Properties , set to be approved Wednesday by the Metropolitan Development Commission , outlines city costs associated with the project, along with other details. Beloit, Wisconsin-based Hendricks in July won approval from the Indianapolis Historic Preservation Commission to build the $260 million project on the 11-acre site of the former Coca- Cola bottling plant . Construction on the property at North College and Massachusetts avenues is expected to begin early next year. Plans call for a 136- room West Elm hotel , an eight-screen cinema, office and retail space, and apartments and condominiums. To help prime construction, the city has agreed to pay Indianapolis Power & Light up to $4 million to move ...

The Mobile City Council has approved the sale of the Water Street building known as City Hall North , clearing its way for redevelopment as an apartment complex , and a consultant on the project said that groundbreaking could come next spring. District 2 Councilman Levon Manzie announced his "100 percent support" for the project and pledged to assist developers any way he could. "I can't think of a better way to describe 350 St. Joseph Street than to say it's not now needed for public or municipal purposes," Manzie said as the council voted. "It has been a blight on that corner of DeTonti Square for a long time. And that entrance is one of the gateways to our beautiful city." "I know those employees who worked at old City Hall North are not sad to see it go," commented Council President Gina Gregory . "It will be a tremendous improvement." Occupying a roughly triangular lot where St. Joseph Street hits Water Street , the bu...