Apartments

Study: Downtown can sustain huge apartment boom

November 15, 2013
Scott Olson
About 3,500 rental units are expected to be built downtown by 2017, adding to 4,700 already on the market. But the analysis says there's no need to worry about overbuilding.
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Developer seeks tax break on $16.2M apartment project

October 14, 2013
 IBJ Staff
Indianapolis-based Herman & Kittle Properties Inc. would save $452,000 in property taxes on the development, slated for 22.5 acres on the southwest side.
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Tower would be first big addition to east side of Indianapolis in decades

October 12, 2013
Jeff Newman
The proposed Market Square Tower—if it’s built as planned at 28 stories and 370 feet—will be one of the 10 tallest buildings in Indianapolis.
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Developer readies second Virginia Avenue residential project

October 8, 2013
Scott Olson
Deylen Realty's latest development along bustling Virginia Avenue calls for 68 apartments and 9,900 square feet of retail space between the existing Mozzo apartments and Villagio condos.
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Gene Glick was a soldier, a builder and a philanthropic giantRestricted Content

October 5, 2013
Norm Heikens, Jeff Newman
Gene Biccard Glick, who died at home following a long battle with Alzheimer’s disease, built affordable housing sprawling across 10 states—a business empire that paved the way for tens of millions of dollars in donations to causes ranging from medicine to recreation.
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Councilor takes aim at Browning's Broad Ripple apartment project

October 1, 2013
Kathleen McLaughlin
At-large City-County Council member Zach Adamson says that even if the apartments-and-grocery project gets an OK from city development officials on Wednesday, he might force an additional hearing.
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Woodfield office buildings attracting strong interest

October 1, 2013
Scott Olson
The two Class A office buildings totaling 348,000 square feet are close to being sold after falling into foreclosure during the implosion of defunct local developer Premier Properties USA Inc.
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Skywalk adds architectural element to senior-housing project

September 24, 2013
Scott Olson
Two four-story structures, at the southwest and northwest corners of 30th and Clifton streets, will be built as part of a $10.7 million project that will include 57 units linked by an elevated walkway.
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Indianapolis apartment construction soars skywardRestricted Content

September 21, 2013
Scott Olson
The downtown rental market is booming, but is a slowdown coming?
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Colliers expands multifamily-brokerage teamRestricted Content

September 21, 2013
 IBJ Staff
The additions joining Michael Drew, who had been the office’s loan investment and multifamily broker, are team leader Michael H. Wernke, in addition to Cory Detamore, Evan Bryant and Maria Stein.
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Whitsett changes name; Milhaus launches divisionRestricted Content

September 7, 2013
The Whitsett Group LLC has changed its name to TWG Development LLC, and Milhaus has created a division to manage properties it develops.
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Developers roll out pair of homeless-housing projectsRestricted Content

August 24, 2013
Scott Olson
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
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City files nuisance suits against apartments

August 20, 2013
Mason King
The two west-side apartment complexes have generated more than 3,200 police runs since 2008, according to the lawsuits. One owner told IBJ on Tuesday he would work with the city to make improvements.
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Flaherty making big pitch on Range Line Road project in Carmel

August 10, 2013
Andrea Muirragui Davis
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
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New retail downtown sitting idleRestricted Content

August 3, 2013
Scott Olson
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
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Old Northside apartment projects reviving two buildings

July 23, 2013
Scott Olson
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
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Two Indy apartment complexes sell for $35 million

July 16, 2013
National investors have snapped up two apartment properties on the north side totaling 722 units. One complex is slated for a major rehab.
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City set to unveil Market Square project plans

July 15, 2013
Scott Olson
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
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New owners plan to upgrade apartments plagued by shortcutsRestricted Content

July 13, 2013
Scott Olson
The ill-fated Di Rimini apartment project that city officials halted three years ago because of numerous code violations is set to be resurrected by two local businessmen.
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More upgrades in store for downtown's Cadillac Building

June 25, 2013
Scott Olson
The building owner is opening window coverings that had been sealed shut, a move that will make the property more attractive to a retailer. A huge apartment project underway nearby is giving the area a lift.
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Symphony conductor Urbanski, wife settle in at CityWay

June 22, 2013
Sam Stall
The Indianapolis abode of Polish-born conductor Krzysztof Urbanski and his wife, Joanna, is nice but a bit on the small side—a 1,376-square-foot apartment inside downtown’s new CityWay development.
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Out-of-state developer pitches $75M Carmel project

June 11, 2013
Andrea Muirragui Davis
Baltimore-based Atapco Properties wants to redevelop 34 acres of land at Carmel Drive and Guilford Road, converting a portion of the commercial property to residential use with hundreds of apartments.
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Apartment business good in IU's hometown

May 28, 2013
Associated Press
Bloomington's average apartment rent was $892 last year, up nearly $60 in two years.
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Broad Ripple project takes heat at Village meeting

May 24, 2013
 IBJ Staff
Jeering and catcalls greeted officials from Browning Investments, which has proposed the $18 million residential and retail development along the Central Canal.
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Browning exec Dye joining The Whitsett Group

May 7, 2013
Scott Olson
Dennis Dye will become a partner at Whitsett, a prolific developer of affordable housing. He has served two stints at Browning totaling about 20 years.
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