Residential Blog Posts

Developer plans expansion of Riley Towers apartments

January 12, 2010
Comments(15)
The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would add 54 apartment units and more than 4,000 square feet of retail space.
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Developer eyes Penn Centre as it wraps up Allen Plaza

November 19, 2009
Comments(4)
Allen Commercial Group is offering for sale the first of 30 condos in its flagship nine-story Allen Plaza building along Pennsylvania Street downtown. And the firm is working on a phasing plan for its much-larger Penn Centre proposal.
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Construction begins on downtown condo project

November 11, 2009
Comments(16)
Construction has finally begun on a condo conversion of an historic 5-story building known as The Shelton.
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Group plans to auction relics of downtown architecture

November 4, 2009
Comments(6)

The city has agreed to hand over architectural artifacts from a landmark downtown building to a historic preservation group.

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Demand is steady for Maxwell Apartments

October 27, 2009
Comments(5)
Locally based Barrett & Stokely Inc. has taken over management of The Maxwell Apartments downtown at 530 E. Ohio St. The community already is about 50 percent occupied.
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Efforts target blight on 16th

October 13, 2009
Comments(9)
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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Developer plans student housing along canal

September 25, 2009
Comments(23)
A local developer has filed plans to build a new apartment complex designed for college students a few blocks east of the Central Canal.
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Downtown apartment complex to expand

September 1, 2009
Comments(12)
The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high demand for one-bedroom units.
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Preview of $30M project

July 6, 2009
Comments(70)
Check out these fresh renderings of a $30-million student housing project planned for Indiana Avenue near IUPUI. The plans by Trinitas Ventures of West Lafayette call for 250 apartment units at 1201 Indiana Ave, between Montcalm and Milburn streets south...
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So long, SoDo

June 30, 2009
Comments(18)
The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream...
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Receiver sale for CityView

June 29, 2009
Comments(23)
A 20-story apartment tower in midtown Indianapolis is being offered in a receiver sale for about $42,000 per unit, about a third less than the...
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Magazine touts Woodruff Place

June 24, 2009
Comments(13)
The magazine This Old House has named Indy's Woodruff Place as one of the country's 51 best places to buy an old home. The neighborhood...
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Developer plans apartments at 707

May 23, 2009
Comments(19)
A local developer hopes to convert the unfinished eight-story 707 E. North St. condo project into a mostly affordable apartment building...
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Looking for a waterfront condo?

May 7, 2009
Comments(8)
An auction has been set to sell nine remaining waterfront condos in a bank-owned development on Morse Lake in Cicero. The project, One Waterfront Plaza,...
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Brokers revise plan for key lots

March 23, 2009
Comments(18)
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a...
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New life for Illinois Building?

March 22, 2009
Comments(25)
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state's most endangered historic...
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Apartment conversion for Maxwell

March 18, 2009
Comments(29)
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate...
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Cosmopolitan a total loss?

March 13, 2009
Comments(15)
The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters worked to put out remaining hot spots. They were using a crane to demolish a portion of the building's remaining facade...
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Sad news: Cosmopolitan burns

March 12, 2009
Comments(28)
A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan...
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Mass Ave building changes hands

March 3, 2009
Comments(20)
An iconic flatiron building on Massachusetts Avenue downtown has a new owner nearly three years after the property first went on the market, IBJ's Chip Cutter reports...
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Housing pitched for old St. Vincent

January 20, 2009
Comments(12)
Ivy Tech Community College is working with private developers on a plan to turn the old St. Vincent Hospital into a housing complex...
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Historic farmhouse in danger

January 14, 2009
Comments(35)
The Historic Landmarks Foundation of Indiana is racing to save the Cotton-Ropkey House at 79th Street and Marsh Road just west of I-465. The owner of the...
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Apartment renovation in Irvington

December 9, 2008
Comments(37)
Apartment developer Christopher Piazza has closed on financing for a $1.2-million renovation of a 1914 apartment building in Irvington. The 31-unit...
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Credit mess puts Ralston on hold

October 2, 2008
Comments(32)
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer...
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Have we learned anything?

September 22, 2008
Comments(55)
As Congress began debating a $700-billion bailout plan for institutions stung by loose lending practices, C.P. Morgan sent this e-mail last week: And in a separate...
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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