Developer plans apartments at 707
A local developer hopes to convert the unfinished eight-story 707 E. North St. condo project into a mostly affordable apartment building…
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Reuse eyed for stalled luxury condo project-WEB ONLY
A 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. The Whitsett Group has agreed to buy the 707 E. North St. building from Beilouny Luxury Properties, but the deal still must be approved by Cincinnati-based Fifth Third […]
Recession slows the creation of a self-contained Boone County community
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.Flaherty selected to revitalize Barton, Lugar tower sites
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
Merchants Bank of Indiana is top home-grown bank
Merchants Bank of Indiana, whose main office is in Carmel, books better numbers than any other Hoosier bank.
Indiana banks: Best in class-WEB ONLY
These days, many of the nation’s biggest banks need bailouts to avoid bankruptcy. But plenty of institutions far from the limelight of New York and other banking centers continue to make money and manage their affairs well. Which Indiana-based bank does it best? Merchants Bank of Indiana, whose main office is in Carmel, books better […]
Stuck at the drawing board-WEB ONLY
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted. The Indianapolis-based real estate company has been working since 2003 on Anson, its ambitious mixed-use development in southeastern Boone County. Anson could become the largest neo-urban-style community in the state. But as […]
Flaherty picked to develop Barton, Lugar parcels-WEB ONLY
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting yesterday afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
Flaherty picked to develop Barton, Lugar parcels-WEB ONLY
The Indianapolis Housing Agency has selected Flaherty & Collins Properties to lead an effort to develop land that surrounds two downtown public housing towers. The group’s board picked the locally based developer from five contenders at a meeting this afternoon. The parties still must negotiate a development agreement with details, including the price for three […]
Indy named best for recent grads
Some good news from an Apartments.com and CBCampus.com survey: Indianapolis has been named the top city for recent college graduates. The study looked for cities with the highest concentration of young adults,…
REAL ESTATE
REAL ESTATE Fort Ben prepares to launch $9M in infrastructure upgrades The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence Village at the Fort, the final phase of a decade-long redevelopment of Fort Benjamin Harrison. The $9 million project calls […]
Police search for men who shot woman in face-WEB ONLY
Police are looking for two men who allegedly forced their way into Spanish Oaks apartments on the east side of Indianapolis just before midnight and opened fire, shooting a woman in the face. The woman was taken to Methodist Hospital and is expected to recover. Police don’t have a detailed description of the suspects, and […]
Fort Ben reuse marches on
The Fort Harrison Reuse Authority is preparing to break ground on a massive infrastructure project that will lay the groundwork for the master-planned Lawrence…
Jobless claims fall, but so do housing starts-WEB ONLY
U.S. jobless claims fell more than expected for the second straight week, but the number of Americans continuing to receive unemployment insurance benefits rose above 6 million for the first time. Analysts expect the labor market to remain weak for the most of this year, as many employers are reluctant to hire until an economic […]
United Way gives $1.3 million to combat homelessness-WEB ONLY
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. United Way also will […]
United Way gives $1.3M to combat homelessness-WEB ONLY
United Way of Central Indiana announced this morning that it would provide $1.3 million to two local housing projects as part of Indianapolis’ Blueprint to End Homelessness campaign. A $1 million grant to the Julian Center for abused women will help construct 71 permanent housing units at 34th and Meridian streets. In 2001, United Way […]
A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
Back in the game-WEB ONLY
For almost 20 years, the Gene B. Glick Co. has been a sleeping giant. The state’s largest owner and manager of apartments spent much of the 1960s through the 1980s building a massive portfolio of apartment communities, mostly for low-income residents. The empire had grown to 100 properties and 18,000 total units across 10 states […]
California investor snapping up local properties-WEB ONLY
A California-based investor has purchased an 88-unit apartment complex in Brownsburg, his latest in a series of multi-family housing acquisitions in the area. Michael James of Walnut Creek, Calif.-based James Multi-family Group bought the Dublin Glen apartment building at 510 N. Enderly Ave. near I-74 for $3.4 million. Steve LaMotte, Amy Burmeister and Dane Wilson […]
Brokers revise plan for key lots
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a…