The Indianapolis Metropolitan Development Commission approved a 10-year tax abatement Wednesday afternoon for a controversial
public-private plan to redevelop a vacant downtown office building.
The Indiana Division of Aging wants to change Medicaid rates to nursing homes to reward quality care and penalize the lack
of it, leaving the industry divided over whether to support the groundbreaking rule or to seek revisions and a slower phase-in.
The Historic Landmarks Foundation of Indiana is set to return to its headquarters in downtown Indianapolis tomorrow, six
months after a fire at a neighboring apartment project displaced the not-for-profit.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
Housing construction rose in August to the highest level in nine months as a big surge in apartment building offset a decline
in single-family activity.
A local real estate veteran who had planned to retire has instead jumped back into the game with the purchase of two vacant
downtown properties he plans to convert to market-rate apartments.
The owners of two industrial properties that span an entire city block along the Central Canal downtown have put their
properties up for sale with an eye toward redevelopment.
The developer of The Waverley apartments downtown has filed plans to expand the complex because of high demand for one-bedroom
units.
The developer of The Waverley apartments downtown has filed plans to expand the complex at 151 S. East St. thanks to high
demand for one-bedroom units.
Indiana Lt. Gov. Becky Skillman plans to announce the first awards of $164 million in federal stimulus money to build low-
and moderate-income housing across the state.
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
A few weeks back, IBJ reported on early proposals for the vacant former Winona Memorial Hospital. The five-story property
is saddled with about $2 million in unpaid taxes and soon will become public property. So far, two groups have stepped up
with ideas…
If Denver-based Ecolonomic Realty Group decides it wants to pursue a $25 million redevelopment of the old Winona Memorial Hospital site and presents a solid proposal, the city is in no position to turn down the tax revenue it would generate.
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
A hearing to discuss plans for a $65 million downtown redevelopment project was pushed to August after city officials learned the site does not have the required zoning. The city offered a rich incentive package to drive the redevelopment of the former Bank One operations center and an adjacent surface parking lot between New Jersey, […]
When the market for single-family houses began to fall apart last fall, the prevailing wisdom was that the crash would be good for the owners of apartment complexes. But the recession is taking its toll on multi-family housing as well, putting the brakes on new developments and driving down prices of existing complexes. Projections at […]
Gene B. Glick Co. has agreed to purchase the 360-unit Somerset Lakes apartment complex near 75th Street and Keystone Avenue from Denver-based Apartment Investment and Management Co., or AIMCO. The deal adds a market-rate property to the Glick portfolio of mostly affordable apartments and will be the first Indianapolis-area property in the company’s portfolio it […]
The Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
