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Virginia homebuilder enters market

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Home-building powerhouse Ryan Homes is marketing lots in 10 subdivisions it has taken over from the defunct local builder CP Morgan Communities.

CP Morgan, which had been based in Carmel, closed in February. It had been one of the area’s most prolific builders, constructing more than 25,000 homes in 26 years in business.

Ryan is offering homes in the $90,000 range on most of the roughly 800 vacant lots it acquired in Greenwood, Westfield, Brownsburg, Noblesville and Franklin Township.

The Reston, Va.-based builder was founded in 1948 in Pittsburgh and has built more than 300,000 homes. It now builds in about 20 metropolitan areas, including cities in Ohio and Kentucky.

The subdivisions where Ryan is offering homes are Moeller Estates, Hanover, Harmony and Edgewood Trace in Franklin Township; Countryside in Westfield; Branches in Brownsburg; Horizons at Cumberland Point in Noblesville; Homecoming at University Park and Timber Valley in Greenwood; and Northfield at Heartland Crossing.

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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