Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
34 North, an apartment complex for victims of domestic abuse, opened in August at 34th and Meridian streets.
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
-Carmel-based Platinum Group bought Aspen Village Apartments, a 220-unit complex at 3510 Kebil Drive on the west side. The
list price was $1.9 million. The sale price was not disclosed. The buyer was represented by Chad Stickley and
Michael Wernke of Marcus & Millichap. The seller, CW Capital, was represented by Tikijian Associates.
-Reverie Estates bought the St. Regis, a 72-unit apartment building at 26 E. 14th St. The price was not disclosed. The buyer
was represented by Sandra Jarvis of IndySquared Commercial Properties. The seller, James Candler, was represented
by Scott Pollom of Cassidy Turley.
-JJ Properties LLC bought a 2,000-square-foot office building at 745 E. 107th St. The price was not disclosed. The buyer
was represented by Jeff Wright of Indy Properties. The seller, Mr. Window Inc., was represented by Bob
Lindgren of Grubb & Ellis Harding Dahm & Co.
New eatery is close enough to the waters of the Central Canal that it should consider opening a gondola drive-through.
The Estridge Cos. has withdrawn a proposal to build a massive youth sports complex in its master-planned Symphony development in Westfield.
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
Just a few minutes northeast of vibrant Monument Circle lurks the most notorious graveyard of Indianapolis’ industrial heyday—at least 70 of the city’s 500 brownfields. Now planners and developers aspire to revitalize the most contaminated neighborhood in Indianapolis into a success story.
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
Two weeks after the soft launch of the long-awaited restaurant and bar on the first floor of The Ambassador apartment building downtown, Yats Restaurants has pulled out of the enterprise, leaving partner Tom Megenhardt to go it alone.
One skilled-care facility is about to open and another will break ground this month.
Indianapolis Fire Department arson teams are investigating a Wednesday night fire that killed a women and her 2-year-old son. One firefighter and two residents also were injured in the blaze at Nottingham Village Apartments on the city’s east side. Fire crews were dispatched to the 2100 block of Sussex Lane at 9:15 p.m. after multiple calls reporting that residents were trapped inside an apartment and on third-floor balconies. Three people, including a pregnant woman, jumped from a balcony and another four were rescued by firefighters using a ladder truck. A crew searching the building found the mother and child unconscious in their water-filled bathtub. They died on the way to the hospital. Fox59 will have more at 4 p.m.
Indianapolis Metropolitan Police detectives are trying to track down a robber who beat two men with a baseball bat and robbed them at about 1:30 a.m. Thursday. Investigators say the victims were attacked in the Spanish Oaks Apartments near 38th Street and Mitthoeffer Road. Neither had life-threatening injuries.
It would be easy to blame the economy for our blighted urban neighborhoods. True, these tough economic times have led to more vacant and foreclosed houses than we can count. But the key to revitalizing a neighborhood stretches far beyond boarded-up houses.
Authorities are holding a woman on preliminary neglect charges stemming from the deaths of two children whose bodies were found Sunday night in an Indianapolis apartment complex on the southwest side. Ebyan Farah, 28, faces two preliminary counts of neglect in the deaths at Manchester Village Apartments. A police spokesman could not immediately say what Farah’s relation was to the children. The cause of their deaths has not been released, but officials say that the children appeared to be malnourished. Fox59 will have more at 4 p.m.
-Van Rooy Properties bought Westminster Apartments, a 438-unit complex at 921 Parliament Place, Greenwood. The list price was $8.2 million. The buyer and the seller/receiver, Barrett Stokely on behalf of Midland Loan Services, were represented by Tikijian Associates.
-Jordan-Fishers LLC bought the 40,000-square-foot Village Square retail center at 11033-11361 Allisonville Road, Fishers. The price wasn’t disclosed. The buyer was represented by Keith Dedrick of Corporate Commercial Group. The seller, Huntington Bank, was represented by Kevin Broadrick of Marcus & Millichap.
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
The number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.