Property Lines

Welcome to Property Lines, Indy's source for neighborhood real estate news. Your host is Scott Olson, IBJ's real estate beat reporter. Founded by Cory Schouten.

Developer plans expansion of Riley Towers apartments

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

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

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

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

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

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

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

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

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

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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