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Low-Income Housing
Pedcor moving ahead with $13M Central State apartments
April 2, 2013
Scott OlsonThe Retreat on Washington would be the developer's second project at the former psychiatric hospital campus on Indianapolis'
west side.
More16 Park developer to rebuild after 'heartbreaking' fire
June 18, 2012
Scott OlsonThe Friday blaze engulfed a four-story, 28-unit apartment building due to open this fall as part of the $34 million 16 Park
project. The Indianapolis Housing Agency says construction will resume as soon as possible.
MoreCause, origin of apartment building fire undetermined
June 16, 2012
IBJ Staff and Associated PressThe fire destroyed part of 16 Park, a $34 million affordable housing development that's intended to help spur a revival
of the 16th Street corridor.
MoreKeystone Towers redevelopment could start in April
December 7, 2011
Scott OlsonThe 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.
MoreApartment project planned for south end of Monon
November 15, 2011
Tom HartonThe 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.
MoreCourt case might roil not-for-profit tax rules
November 5, 2011
Francesca JaroszA Bartholomew County not-for-profit affordable housing development group is preparing to fight in Indiana Tax Court a denial
of its property-tax exemption. The denial has put the organization
$200,000 in debt and its rental homes in danger of tax foreclosure.
MoreDeveloper proposes $22M project for Keystone Towers site
October 6, 2011
Scott OlsonThe 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.
MoreMulti-family housing project slated for Monon Trail
September 20, 2011
Scott OlsonKing 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.
MoreNot-for-profit building affordable housing in Brownsburg
August 2, 2011
IBJ StaffSycamore Services Inc., which serves people with disabilities, has closed on $8 million in financing to build a 72-unit apartment
community in Brownsburg.
MoreSenior housing project replacing retail center
July 29, 2011
Cory SchoutenA run-down former retail plaza along Lafayette Road south of 30th Street will be torn down to make way for a senior housing
development.
MoreHousing agency breaking ground on $30M Lugar Tower project
June 29, 2011
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction
of two mixed-income buildings containing a total of 74 units at its base.
More16 Park project helping to transform Indianapolis neighborhood
June 25, 2011
Scott OlsonThe first building of a new complex on near-north side is set to be completed in August
MoreCentral State redevelopment plan gets new life
May 28, 2011
Francesca JaroszA dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate
spending $100 million to $150 million to revamp the site. With online photo gallery
MoreWhitsett proposes 86-unit downtown apartment project
February 15, 2011
Tom HartonThe $7.2 million project, to be financed with affordable-housing tax credits, involves retrofitting the three-story former
Central Restaurant Products building to accommodate one- and two-bedroom apartments.
MoreTrail Side funding finally closes
January 11, 2011
Tom HartonFinancing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers
to proceed with the project after a funding snag nearly killed it.
MoreBallard takes aim at vacant homes
July 17, 2010
Peter SchnitzlerIf Mayor Greg Ballard successfully closes the $1.9 billion sale of the city's water and sewer utilities to Citizens Energy,
some of the proceeds will be used to bulldoze or rehabilitate 2,000 to 4,500 abandoned, unsafe homes during the next two years.
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.
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.
MoreIndianapolis Housing Agency pulls off big tax credit deal
March 13, 2010
Tom HartonCity agency plans renovations, expansions at eight apartment properties.
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.
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.
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.
MoreTransit, sustainable development likely to be themes in rescue of near-north neighborhood
June 1, 2009
Chris O'MalleyLocal leaders and, soon, a national team of experts, are quietly developing a strategy to revitalize Marion County's biggest
concentration of brownfield sites and impoverished urban neighborhoods, centered at East 22nd Street and the Monon Trail.
MoreDeveloper wants to turn project into apartments, offices
May 25, 2009
Cory SchoutenA local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
MoreA new generation takes over Glick apartment empire
March 30, 2009
Cory SchoutenA new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.