Apartments

Plans call for apartment conversion of 10-story American Building

March 13, 2012
Cory Schouten
The Whitsett Group and Ambrose Property Group expect to spend $7 million to $10 million to retrofit the building at 333 N. Pennsylvania St. to accommodate 72 apartments.
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Developer breaks ground on Bush Stadium projectRestricted Content

March 10, 2012
The project by developer John Watson’s Core Redevelopment calls for preserving the stadium’s historic façade and shell as part of the 131-unit Stadium Lofts apartments, along with an adjacent 132-unit apartment community called Stadium Flats.
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West-side apartment complex to house veterans

February 29, 2012
Lincoln Apartments is set to be built on the city's west side, near the Richard L. Roudebush VA Medical Center. The project will be financed with $11 million in rental housing tax credits.
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CityWay designed to integrate retail, housing, hotel, YMCARestricted Content

February 25, 2012
Marc D. Allan
Architects were told to push the envelope and integrate. Be mindful of where you are in the city and integrate well.
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Tax credits spur city apartment constructionRestricted Content

February 18, 2012
Scott Olson
Increase in federal funding helps developers finance projects that include mixed-income rental housing.
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Apartments rev up residential revival downtownRestricted Content

January 28, 2012
Cory Schouten
An apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored by a Marsh grocery.
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Marsh to anchor massive new downtown development

January 24, 2012
Cory Schouten
A local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace a block and a half of surface parking lots in the northwest quadrant of downtown.
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Local developer rescues 1913 apartment building from wrecking ball

January 3, 2012
Cory Schouten
A local developer and historic preservation group have teamed up to save a 1913 apartment building near the Children's Museum from demolition.
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East-side apartment complex target of $9M foreclosure

December 13, 2011
A Marion Superior Court judge has approved the appointment of a receiver to manage Lexington Park near North Post Road and East 38th Street.
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Developer plans 26-story tower along canal

December 10, 2011
Cory Schouten
Valparaiso-based Investment Property Advisors wants to build an $83 million apartment project for college students on one of the last available parcels along downtown’s Central Canal.
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Keystone Towers redevelopment could start in April

December 7, 2011
Scott Olson
The first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments. Another 80 units would follow, complemented by a retail component.
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New deals add to robust year in apartment sales

December 6, 2011
Tom Harton
The number of transactions has more than doubled compared with last year, a spike in deal flow caused by healthy occupancy rates and a combination of ample supply and low borrowing costs.
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Flaherty nears deal for Cosmopolitan investment

November 22, 2011
Cory Schouten
The developer of downtown's Cosmopolitan on the Canal is nearing a deal to sell a stake in the building to an investor in a move that could free up capital to launch a $24 million second phase.
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Apartment project planned for south end of Monon

November 15, 2011
Tom Harton
The local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex at 20th Street and the Monon Trail.
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New apartments in 2012 on track for a 25-year high

November 1, 2011
Cory Schouten
A survey of developers suggests up to 3,438 new units could hit the rental market next year, which would be the highest total since 1987, when central Indiana gained about 4,500 units.
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Bush Stadium gets last hurrahRestricted Content

October 29, 2011
 IBJ Staff
City leaders and economic development officials planned to pay tribute Oct. 28 to Bush Stadium’s historical significance before work begins to convert the venue into loft apartments.
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Developer plans $54 million in new apartment projects

October 28, 2011
Cory Schouten
A local developer plans to invest more than $54 million to build apartment communities adjacent to the Rivers Edge shopping center in Indianapolis and Metropolis in Plainfield.
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Apartments, retail planned for Virginia Ave. corridorRestricted Content

October 8, 2011
Cory Schouten
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
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Developer proposes $22M project for Keystone Towers site

October 6, 2011
Scott Olson
The Whitsett Group LLC's plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
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Commission approves demolition for Indy East Motel

October 6, 2011
Francesca Jarosz
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
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Developer zeroes in on troubled Irvington site

September 27, 2011
Tom Harton
A developer that wants to replace a vacant Irvington motel with an $8.7 million apartment building could get permission as early as next week to clear the site for redevelopment.
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Multi-family housing project slated for Monon Trail

September 20, 2011
Scott Olson
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
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Owner of East Market Street buildings eyes apartment conversion

September 13, 2011
Tom Harton
Crown Property Group is issuing a request for proposals for two East Market Street buildings that now are used for office space.
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Hot apartment market sees robust sales

September 6, 2011
Tom Harton
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
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Developer rolls out $40M plan for Keystone siteRestricted Content

August 27, 2011
Cory Schouten
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
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