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Apartments
Prosecutor drops arson charges in Cosmopolitan fire
May 14, 2010
IBJ StaffHomeless man Brandon Burns had been accused of setting the massive blaze.
MoreApartment sellers testing market again
May 11, 2010
Tom HartonSeveral apartment properties are back on the market as owners try to appeal to private investors looking for deals before
higher interest rates and inflation dampen their enthusiasm.
MoreMass Ave project adds garage, wins approval
May 8, 2010
Tom HartonWork could begin this fall on $10 million Trail Side complex.
MoreMass Ave project on verge of approval
May 4, 2010
Tom HartonThe addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
MoreWork begins on Penn Arts apartment, retail project
May 1, 2010
IBJ StaffRenovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
MoreLocal firm's Carolina development slides into bankruptcy
April 22, 2010
Scott OlsonOwner of Flaherty & Collins' apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It's
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
MoreLugar Tower project delayed by lack of tax credits
March 26, 2010
Scott OlsonRenovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
MoreReceivership business picks up for property managers
March 23, 2010
Tom HartonCompanies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
MoreFormer Summit House apartment tower sold
March 16, 2010
Tom HartonThe landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of
Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.
MoreIndianapolis Housing Agency pulls off big tax credit deal
March 13, 2010
Tom HartonCity agency plans renovations, expansions at eight apartment properties.
MoreHuge tax-credit deal will fund rehab of 538 apartment units
March 9, 2010
Tom HartonThe largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
MoreMass Ave project works toward April approval
March 2, 2010
Tom HartonTrail Side on Mass Ave would include 69 one-bedroom apartments and about 23,000 square feet of ground-level retail space.
MoreDisagreement about parking delays project on Meridian Street
February 27, 2010
IBJ StaffA local developer’s plans to renovate a long-vacant and graffiti-covered 1915 building have hit a snag.
MoreApartment developer plans 217 units in Lawrence
February 19, 2010
Cory SchoutenJ.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
MoreCincinnati investors buy apartment complex anchored by mansion
February 2, 2010
Tom HartonSundance Real Estate Holdings and other investors closed on the 37-unit Mansion Row apartments at 2550
Cold Spring Road on Dec. 30.
MoreApartment developer investing $100M in Hamilton projects
January 30, 2010
Cory SchoutenCarmel-based developer J.C. Hart Co. is making a $100 million bet that luxury apartment communities will continue to thrive
in Hamilton
County, particularly along 146th Street.
MoreAffordable-housing group goes on apartment-buying binge
January 23, 2010
Cory SchoutenPartners in Housing Development seized on a weak real estate market to acquire three urban apartment communities in the last
18 months.
MoreRiley Towers expansion in works
January 12, 2010
Tom HartonThe owner of the Riley Towers apartment complex is preparing to develop a 54-unit extension of the landmark
downtown property.
MoreBuckingham tapped to develop mixed-use project near IUPUI
January 2, 2010
IBJ StaffFormer YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
MoreTrustee chooses $20.5 million Buckingham plan for old YMCA
December 23, 2009
Cory SchoutenThe Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.
MoreAIMCO rethinks sale of four apartment complexes
December 22, 2009
Tom HartonA Denver-based company that just sold its largest Indianapolis apartment complex has taken its four remaining local properties
off the market.
MoreHomeownership losing cachet due to housing bust, job losses
November 21, 2009
Cory SchoutenMultifamily housing may not benefit anytime soon from falling rates of homeownership.
MoreVan Rooy scoops up troubled complex
November 10, 2009
Tom HartonVan Rooy Properties plans to spend $5.5 million renovating a 277-unit west side apartment complex that it acquired a month
ago in an unusual deal.
MoreFewer home-building permits signal weakness ahead
October 20, 2009
Associated PressApplications for home-building permits, a gauge of future construction, fell in September by the largest amount in five months.
MoreGrocery, housing projects could rejuvenate stretch of 16th Street
October 10, 2009
Cory SchoutenA troubled low-income housing project has a new owner with plans to redevelop the complex to better
connect with the Herron Morton Place neighborhood. Next door, Kroger has revived efforts to acquire
land and plan a new supermarket to replace a cramped, old-format location.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.