Watermark raises $105M for high-end apartment projects
Since 2010, the Indianapolis-based multifamily developer has constructed more than 40 projects consisting of more than 11,000 multifamily apartment units across 11 states.
Apartments
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East-side apartment complexes sold for nearly $26M
The complexes are expected to receive upgrades from their new owners—one of which has collected three other apartment properties on the east side in the last four years.
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Apartment-building blitz reshapes Broad Ripple
Broad Ripple is wrapping up a prolific six-year stretch during which developers have spent more than $125 million to bring nearly 800 new apartments to the neighborhood.
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Children’s Museum, city join forces to find options to save historic Drake building
The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
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After delay, developer moving ahead with $46M canal apartment project
Louisville-based Investment Property Advisors is planning 279 additional units and more than 28,000 square feet of retail space just south of its 9 on Canal project, to be dubbed 350 West.
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Articles
Controversial Block 20 project moving forward 4 years after proposal
The apartments-and-retail project slated next to the Athenaeum has been in the works since 2016 but encountered hurdles including a lengthy legal battle that reached the Indiana Supreme Court.
Plan to house homeless off to slow start
It’s been more than two years since the city and state chose four developers to build 500 affordable housing units—including some reserved for people experiencing homelessness.
East Coast firm looks to build apartment complex for ‘active’ seniors in Noblesville
Washington, D.C.-based Capitol Seniors Housing plans to make its Indiana debut by building 172-unit apartment complex next to Hamilton Town Center.
West-side apartment complex sells for $32.8M
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.
Fishers City Council delays decision on $17M apartment proposal along SR 37
Florida-based Regency Windsor Capital Inc. is petitioning the city to rezone a 5.33-acre parcel just east of SR 37 and south of 141st Street so it can expand the existing Woods of Britton apartment complex with two new buildings.
Former Marsh store could become apartment building
The bankruptcy of Marsh has forced developers throughout central Indiana to find creative reuses for the former supermarket spaces. In Martinsville, plans are being finalized to transform a Marsh husk into a two-level apartment project as part of a $3 million redevelopment.
Report links high rent burdens, homelessness in Indianapolis
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
Brownsburg’s newly built downtown starting to fill up
Through a series of developer partnerships that included $53 million in private funding, more than $90 million worth of new buildings and infrastructure improvements have been added along or near North Green Street.
Long-delayed, $60M project in Mapleton-Fall Creek back on track
The neighborhood’s community development corporation has recast its vision for the expansive [email protected] project and hopes to begin construction of its first phase of apartments next summer.
Downtown’s E’laan apartment building set for sale, $5M expansion
An upscale apartment building in downtown Indianapolis is expected to be acquired at the end of this month by a local firm that is planning an expansion project that will almost triple the number of units in the property.
Historic preservation commission votes to protect Drake Apartments
The Indianapolis Historic Preservation Commission voted Wednesday night to put a historic designation on the eight-story apartment building owned by The Children’s Museum of Indianapolis amid concerns the structure might be torn down in coming weeks.
Kite’s $40M apartment project at Glendale gets city approval
The city’s Metropolitan Development Commission on Wednesday gave Kite Realty Group the necessary approvals it needs to proceed with its plan build a 267-unit apartment complex adjacent to Glendale Town Center.
IHPC to vote on putting historic designation on Drake Apartments building
The city’s historic preservation commission plans to move forward Wednesday with an effort that could curtail a plan by The Children’s Museum of Indianapolis to demolish an aging eight-story apartment building it has owned since 2012.
Local firm spends nearly $21M on north-side apartment complex
After winning an intense bidding war, The Ardizzone Group expects to begin upgrades to Harbour Pointe in the next 18 months, addressing about 60 units every 30 days over a five-month period.
Report by city makes case for more apartments in Fishers
The study found that 15.5% of the residential units in Fishers are apartments, lower than the national average of 22%.
Oaktree Apartments demolition order affirmed by appeals court
Oaktree Apartments, a blighted 19-acre property at the southeast corner of 42nd Street and Post Road with 336 apartment units, has been vacant since 2014.
Greenwood apartment complex sold to out-of-state investors for $40M
Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
Developers team up on $12.5M apartment project on near-north side
A north-side community group and a locally based development company are partnering on the two-building project slated for the southeast corner of Illinois and 22nd streets.
Could land trusts keep housing affordable, avoid gentrification?
In a quest to create permanently affordable housing, about 25 Indianapolis community groups and development corporations have formed the Community Land Trust Coalition.