Indianapolis has been busy remaking its downtown, embarking on several developments and planning projects that city officials hope bode well for the city's future growth. The editors at Indianapolis Monthly rounded them up this week, picking out “five projects improving Indy right now.” Two are long-term plans: Mayor Greg Ballard's LiveIndy Plan, which focuses on public safety through education and new police hires, and Plan 2020, a $2 million roadmap of “promises we're making to residents” on the occasion of the city's bicentennial in 2021. They've also got their eye on the redevelopment of Tarkington Park, a 10.5-acre green space at 39th and Illinois streets currently on the fringe between the low-income Crown Hill and “genteel” Meridian-Kessler neighborhoods. Full funding for the development, which goes toward park improvements and a new grocery store, is still pending. Local design firm Rundell Ernstberger Associates (REA) is leading the process. Indianapolis is also in the middle of a transit overhaul, which may include building a new $20 million downtown transit hub. The project's breaking ground soon. Indianapolis Monthly also calls out an in-progress luxury apartment tower at the former site of Market Square Arena. Since the demolition of Market Square Arena, surface parking lots have deadened the downtown area.