Local developer Pittman Partners and multifamily specialist Barrett & Stokely Inc. are moving forward with plans for a $35 million apartment community near the Monon Greenway in Carmel.
With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
The five-building, $26 million apartment project in downtown’s Chatham Arch area just south of Massachusetts Avenue will include 265 units, with pre-leasing to begin May 1.
Dubbed The Villas by Watermark, the 24-building complex will have 266 living units—a mix of one-, two- and three-bedroom apartments—plus the expected pool and clubhouse, walking trails and a more unusual amenity: a private dog park and heated dog wash.
A Lizton man was shot to death Wednesday at a west-side apartment complex in a possible robbery attempt. James Vester, 23, was shot about 4 p.m. at Wyckford Commons, near West 10th Street and North Girls School Road. Indianapolis police say Vester might have been trying to buy an iPad in a setup. Two suspects fled the scene on foot.>
U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
The family partnership that has owned the four-story building since the 1980s is converting it from office to residential use, with plans for five apartment units and 700 square feet of retail.
A 19-year-old Indianapolis man was shot to death early Monday at the Warren Harbor apartment complex, near East 21st Street and North Post Road. Police discovered the body of Connor Lee in a hallway shortly after being called to the scene about 12:40 a.m. Police say they have a witness to the shooting, but no suspect in custody.
The two west-side apartment complexes have generated more than 3,200 police runs since 2008, according to the lawsuits. One owner told IBJ on Tuesday he would work with the city to make improvements.
The developer is proposing to add 15 units to the 88 apartments already included in the plans, increasing the cost of the project to $25 million.
The ill-fated Di Rimini apartment project that city officials halted three years ago because of numerous code violations is set to be resurrected by two local businessmen.
Indianapolis police are investigating the discovery of a body outside an apartment complex on the northeast side. The dead male was found on a sidewalk next to a creek by a maintenance worker at about 9 a.m. in the 4200 block of Stratford Court, near 42nd Street and Post Road. An autopsy is pending.
As baby boomers age, senior communities like Zionsville’s Hoosier Village are expanding. Its $22 million luxury apartment building is nearing completion.
A man found suffering from a gunshot wound at a west-side Indianapolis apartment complex was taken to Wishard Hospital in serious condition early Tuesday morning. Michael Lauray, 23, was discovered about 1 a.m. in the 5800 block of Magdalene Drive, at Westlake Apartments, but detectives aren’t sure if he was shot at the site. Police said they have no witnesses or suspects.
The local developer said it plans 60 to 70 apartments on the northeast corner of College Avenue and the Central Canal as part of a mixed-use development.
The Retreat on Washington would be the developer’s second project at the former psychiatric hospital campus on Indianapolis’ west side.
The abandoned Oxmoor Apartments on Indianapolis’ near-north side is about to be revived, thanks to a $1.4 million renovation set to be completed in July.
An Indianapolis man was taken into custody just after 7:30 p.m. Monday after he crashed his sport-utility vehicle into Forest Ridge Apartments on the far north side of the city. Terry Rowe, 53, was heading west on Wheatgrass Way before he drove into four apartment units, causing an estimated $50,000 in damage. Rowe and numerous residents were uninjured. Police didn’t cite a reason for the crash.
Flock Real Estate Group plans to spend more than $1 million to renovate side-by-side Old Northside apartment buildings in the firm's largest solo project to date.
The owners of an Anderson apartment complex closed because of natural gas leaks have agreed with city officials on repair plans to reopen its 96 units. Anderson building commissioner Frank Owens says he believes the owners of Arbor Village Apartments understand what work is needed and that they've invested enough in the complex to not walk away. Officials ordered residents to leave on Dec. 5 after small leaks were found in all five of the complex's buildings.
