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Residential Real Estate
Home-sale agreements rise in Indianapolis area
September 12, 2011
Pending home sales in the nine-county metropolitan area climbed 7 percent in August compared with the same month a year ago,
marking the fourth straight month of year-over-year increases.
MoreCritics: Wrecking ball won't fix Indianapolis neighborhoods
September 10, 2011
Francesca JaroszMany neighborhood leaders have hailed Mayor Greg Ballard’s initiative to raze some 2,000 abandoned homes by the end
of 2012 as a long-overdue means of tackling urban blight. But some residents and experts fear rampant demolition—without
a clear plan for how to redevelop the properties—will fail to improve neighborhoods.
MoreFormer real estate exec to plead guilty to wire fraud
September 6, 2011
Scott OlsonKim Hutchinson, former treasurer of J. Greg Allen Builders and Princeton Homes, agreed to plead guilty to stealing $446,419.
Her cooperation likely will result in a lighter sentence of 30 to 40 months.
MoreJohnson County still dealing with 2008 flood
September 6, 2011
Associated PressJohnson County officials have been working to buy about 40 flooded properties in an area a few miles west of Greenwood, so
they can be demolished.
MoreHot apartment market sees robust sales
September 6, 2011
Tom HartonGene 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.
MoreDeveloper rolls out $40M plan for Keystone site
August 27, 2011
Cory SchoutenA 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.
MoreForsells find hidden gem
August 27, 2011
Katie MaurerBusy high-profile couple enjoys their ‘haven’ in the Watson-McCord area.
MoreWard, Kucic take top All-Star Agent spots
August 27, 2011
For the third year in a row, Bif Ward has taken the top spot on IBJ’s annual list of All-Star Agents.
MoreSHEATS: Kitchen, bath remodels add value, appeal
August 27, 2011
Jeff SheatsIf done wisely, a well-designed kitchen and bathroom not only add value, but they also make life more convenient.
MoreZionsville man charged with wire fraud, money laundering
August 26, 2011
Brian Eads faces a maximum of 30 years in prison by engaging in transactions of more than $10,000 with criminally derived
proceeds from properties bought at sheriff's sales.
MoreHome-sale deals tick up in Indianapolis area
August 11, 2011
IBJ StaffHome-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking
the third straight month of year-over-year increases after 14 months of declining sales.
MoreHome construction permits dip in July
August 11, 2011
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from
the same month in 2010, according to the Builders Association of Greater Indianapolis.
MoreNorth of South gets a new name: CityWay
August 3, 2011
Cory SchoutenThe $156 million mixed-use development at Delaware and South streets in Indianapolis has a new name designed to reference
both the project's downtown locale and the urban "way of life" it will offer.
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.
MorePrecedent joins ranks of battered developers
July 30, 2011
Cory SchoutenThe Precedent Cos.—the local developer of The Precedent Office Park, Mount Comfort Commercial Park and several upscale
residential communities in Hamilton and Johnson counties—is winding down operations in an out-of-court restructuring.
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 buying its building for $2.1M
July 25, 2011
Scott OlsonThe City-County Council's Metropolitan Development Commission is set to hear a proposal Monday evening to allow IHA to purchase
its headquarters building at 1919 N. Meridian St.
MoreCity ready to take down 1,100 abandoned homes
July 18, 2011
Francesca JaroszWith the sale of its water and sewer utilities cleared by regulators, the city of Indianapolis is preparing to deploy $15
million to $25 million in funds from the deal into tearing down abandoned houses.
MoreDeveloper tries 'pocket' neighborhood in Carmel
July 16, 2011
Cory SchoutenA veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly
spaced bungalows clustered around grassy courtyards.
MoreBush Stadium rehab is Watson's latest creative project
July 16, 2011
Katie MaurerLongtime Indianapolis developer launches spirited attempt to save baseball palace.
MoreHome sales pick up for second straight month
July 12, 2011
IBJ StaffSales agreements climbed to 1,967 last month, up from 1,694 in June 2010, according to a report released Tuesday by F.C. Tucker
Co.
MoreLocal homeowners trying to cash in on Super Bowl
July 11, 2011
Francesca JaroszThe approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease
their homes and condos for the big game.
MoreCarrier to invest $36.5M in local plant, create 276 jobs
July 6, 2011
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start
a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
MoreLender's suit says homebuilder owes $12.8M on loans
July 5, 2011
Scott OlsonM&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the
northeast corner of Emerson Avenue and County Line Road on Indianapolis' south side.
MoreLocal developer ready to start $18M project
July 1, 2011
Associated PressIndianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building
in downtown Columbus.
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Doug Henning!
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Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.