Troubled Lakeside Pointe apartment complex acquired
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
Lakeside Pointe at Nora apartment complex—under threat of a city nuisance lawsuit—has a new owner. The former owner owed more than $225,000 for 600-plus housing code violations at the complex.
The dilapidated Lakeside Pointe at Nora and Fox Club apartment complexes in Indianapolis could see major improvements soon, Indiana Attorney General Todd Rokita announced Thursday.
Roughly 17-1/2 acres of city-owned property in various stages of the redevelopment process have developers chomping at the bit to make their mark on the city’s skyline.
Local and state officials learned in January that several projects included in plans awarded grants just a month before might now be ineligible because of rules attached to the funding.
Office buildings that opened since 2015 recorded more than 51 million square feet of occupancy gains since COVID hit, but vacancies have swelled elsewhere, according to Jones Lang LaSalle.
The site of a one-story, nondescript building in Fountain Square used sparingly for local White Castle operations soon could house a five-story building with nearly 200 apartments and six street-level storefronts.
To be named Hall Place Apartments, the 308-unit project would occupy about two acres just south of 18th Street and west of Illinois Street.
The acquisition by Indianapolis-based Zidan Management Co. is believed to be the largest single-property apartment sale in Indiana history.
A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.
The university hopes to bolster the declining business-and-culture district by creating a center for theater and dance and green-lighting an Ohio firm to develop a hotel, apartments, retail spots, and spaces for office and research work.
The lawsuit alleges Clover Group violated federal accessibility requirements at 38 properties in Indiana, New York, Ohio and Pennsylvania.
The National Archives will unveil a huge batch of the intimate details from the 1950 Census—on 6.4 million pages digitized from 6,373 microfilm census rolls. The information was collected under the promise it would be locked away for 72 years.
A six-story, $65 million, multifamily planned redevelopment of the former Kroger store in the heart of Broad Ripple is the latest in a series of substantial projects.
The 1,261-unit complex on nearly 90 acres at Shadeland Avenue and 75th Street was purchased March 31 by Cleveland firm Pepper Pike Capital Partners.
Opponents say the size and scope of the proposed complex, which would replace the Willows Event Center, don’t jibe with the rest of the neighborhood.
Despite a relatively low density of our neighborhood, we already have occasional horrid traffic jams in the afternoons as the ridiculous intersection at Winthrop and Broad Ripple Avenue (and the Monon path) backs up traffic beyond the entrance to Oxbow.
Indianapolis-based Birge & Held envisions a 160-unit apartment community for seniors of limited means on roughly 3.3 acres at 1621 W. 86th St.
The lawsuit also alleges that the owners of the complexes defrauded both Citizens Energy Group and residents by collecting payments that the owners said would go to utilities—but didn’t.
The landlords are many months and more than $2 million behind on utility bills, putting more than a thousand households at risk of homelessness should Citizens Energy Group cut utility services to the complexes.
Four apartment-dominated development projects totaling $324 million are in the works for Carmel’s central core. The projects include more than 1,600 parking spaces, for-sale condo units and new headquarters for two companies.