Residential Blog Posts

UIndy unveils new dorm

September 10, 2008
Comments(52)
The University of Indianapolis plans to break ground on a new $9-million residence hall, the campus' sixth, on Thursday. The four-story...
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Sour market slows Penn Arts work

September 9, 2008
Comments(18)
Developer Christopher Piazza says "difficult market conditions" have led to a delay for his $3-million renovation of the Penn Arts building at 16th and Pennsylvania...
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Paramount Tower plan shrinks

August 25, 2008
Comments(42)
Developers are taking a new approach to a student housing project proposed for a 2.3-acre parking lot a few blocks east of the Central Canal....
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Apartments planned for old school

August 22, 2008
Comments(10)
The former Paul C. Stetson School northeast of Fall Creek Parkway and College Avenue could soon find new life as a 47-unit senior apartment complex....
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Davis Homes closes doors

July 23, 2008
Comments(30)
The housing downturn has claimed a local powerhouse: Davis Homes, one of the state’s largest local homebuilders, ceased operations today after its fight for survival came up short. The company joins...
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Ralston Square's new look

July 8, 2008
Comments(57)
A $60 million project slated for South Street between Meridian and Pennsylvania streets has a whole new look, along with a couple of anchor tenants. Plans for Ralston Square call for a Cambria Suites hotel, a BlackFinn Restaurant & Saloon...
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New renderings of Allen Plaza

July 7, 2008
Comments(48)
Check out the latest renderings for the revamped Jefferson Plaza, which soon will be known as Allen Plaza. Local favorite Scotty's...
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Infill coming to Fletcher Place

June 26, 2008
Comments(36)
A local firm plans to break ground soon on two new infill buildings in Fletcher Place. The $1.7-million development, called Fletcher Place Terrace, will be built on...
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A new strategy for 707 E. North St.

June 25, 2008
Comments(28)
The developers of an 8-story condo building southeast of College Avenue and North Street have taken a...
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Rink-Savoy, Fresh Market & more

June 12, 2008
Comments(53)
Rink-Savoy honored A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax...
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It's hot, and Villagio needs a pool

June 10, 2008
Comments(43)
The developers of downtown's Villagio at Page Pointe are hoping city officials will waive development standards so condo owners can cool off in a new pool next door to...
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Update: Monon Place approved

June 4, 2008
Comments(57)
The Metropolitan Development Commission approved a $15-million Broad Ripple redevelopment project by a 9-0 vote this afternoon, disagreeing with a handful of vocal remonstrators. In siding with the developer,...
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Update: Monon Place tabled

May 7, 2008
Comments(32)
Developers proposing a $15-million Broad Ripple project won a continuance today despite objections from remonstrators who pulled their children out of school to attend the hearing. Buckingham Cos. is...
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A new Cosmopolitan view

May 5, 2008
Comments(28)
Check out this new rendering of the $33 million Cosmopolitan on the Canal project. Locally based Flaherty & Collins Properties is building on a site...
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Ripple redevelopment, take two

May 1, 2008
Comments(58)
A local firm has a new plan for redeveloping a 14-acre site in Broad Ripple. The $15-million Monon Place project calls for 150 new apartments, a clubhouse and pool...
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Buckingham plans $45M 'village'

April 28, 2008
Comments(16)
A local developer has big plans for the neighborhood around the renovated Central Library. Buckingham Cos. plans to spend up to $45 million building new...
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Mixed-use to replace nursing home

April 25, 2008
Comments(19)
Locally based Teagen Development Inc. plans to start next month on a $2.2-million retail and residential project that will replace an old nursing home at the northeast corner of...
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Developer details Penn Arts plan

March 11, 2008
Comments(52)
A 23-year-old entrepreneur plans to spend $3 million to transform the 82-unit Penn Arts apartment building at 16th and Pennsylvania streets into 45 upscale apartments, Tracy Donhardt More

Rendering for Mass Ave project

March 7, 2008
Comments(26)
What do you think of the proposed replacement for a one-story, township-owned structure on Mass Ave? (Click for a larger version.) The $9 million plan, proposed by...
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Cultural Trail wins national kudos

March 5, 2008
Comments(28)
A couple of topics to discuss: More praise for Trail In its March newsletter, New York-based Project for Public Spaces named Indianapolis one of five "Great Cities" thanks to the...
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What's old is new again

February 22, 2008
Comments(34)
On this nasty Friday, I've got a few updates on previous posts. Hope everyone has a nice weekend. Here goes: What was Flagstar thinking? Flagstar Bank has added yet...
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Green developer has $20M pipeline

February 4, 2008
Comments(5)
Is green development finally catching on in Indianapolis? The four owners of Casa Verde LLC certainly hope so. The company has plans for a $14-million, LEED-certified condo project in Columbus. In Indianapolis,...
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Tony townhouses on Penn

January 30, 2008
Comments(32)
Indianapolis developer Axia Urban LLP is putting the finishing touches on Penn Townhouses, a part of its Meridian at 21 development north of downtown. From the outside,...
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Holy condos! Look at Meridian Arch

January 22, 2008
Comments(36)
One of the city's most unique condo projects, a reuse of the former Meridian Street Methodist Episcopal Church at 802 N. Meridian St., is almost done. The first new residents of the...
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Condo building nears completion

January 18, 2008
Comments(22)
Workers are putting finishing touches on the exterior of a new 17-unit condo building dubbed 707 East North on the eastern edge of downtown. The $20 million...
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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