Boone County looks to add housing to match rapid growth
With the county experiencing the second-highest growth rate in Indiana, builders and apartment developers have not been able to meet the increasing demand for affordable and workforce housing.
Apartments
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Luxury developer plans nearly 300 apartments on site of former entertainment center
The plans from Edward Rose & Sons call for demolition of the 54,500-square-foot Main Event entertainment complex, which opened in mid-2017 in the Lake Clearwater area.
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TWG planning apartments on former bakery site east of downtown
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.
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Three transit-oriented projects in line for city financing incentives
The Indianapolis City-County Council and Metropolitan and Economic Development Committee are considering tax-increment financing for three apartment developments that prioritize access to transit.
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Keystone planning $70M, 248-unit apartment complex in Fort Ben area
The Fort Harrison Reuse Authority has offered a 3.8-acre parcel of land to developer Keystone Group for $10 as an incentive to go ahead with the project.
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Articles
Senior housing trend means fewer services, lower rents
A trend called “active adult communities” translates to age-specific housing that has eliminated dining, transportation and cleaning services.
City seeking bids for parking lot north of Old City Hall
City officials see the 0.65-acre parcel at 222 N. Alabama St. as a connector between the Mass Ave cultural district and the Market East area, potentially with a hotel or apartment project.
Keystone moving ahead with Broad Ripple project despite high school’s exit
With Purdue Polytechnic High School now planning to stay in the Broad Ripple High School building long-term, Keystone Group is redesigning the project it planned next to the village’s parking garage that would have contained Purdue Polytechnic’s campus.
Proposed south-side affordable housing complex receives $36M in state bonds, tax credits
The bonds and tax credits provided through the Indiana Housing and Community Development Authority are used to incentivize private developers to fund the acquisition, rehabilitation and construction of affordable housing communities.
Citizens Energy says apartment landlord to sell complexes, avoid utility disconnection
Citizens Energy Group on Thursday announced an agreement with landlord JPC Affordable Housing that will result in the sale of four properties and relieve most of JPC’s past-due utility-bill debt, now totaling more than $1.9 million.
TWG beefs up plans for apartment project at 18th and Meridian
The local developer is planning several modifications to the complex, including the addition of two floors, more than 50 apartments and a new parking garage.
Firm plans 257 apartments, townhomes north of Indy airport
The site is just a few minutes from key employers in the airport corridor, including AAR Aircraft Services, Express Scripts, FedEx and Rolls-Royce.
Central Indiana fair-housing group reaches settlement in senior-living lawsuit
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Seven apartment buildings planned for Riverplace project at 96th and Allisonville
Plans call for the apartments to be constructed at the northwest corner of 96th Street and Allisonville Road as part of a larger, $96 million development.
Indy area’s largest apartment complex sold in six-property deal
The properties, which total 2,103 units on more than 165 acres, have seen significant rent growth in recent years and likely will see more after renovations by the new owner.
Two local apartment projects land $55M in affordable housing credits, bonds
The Low-Income Housing Tax Credit program, in conjunction with the Multifamily Tax Exempt Bonds, are used to incentivize private developers to fund the construction, acquisition and rehabilitation of affordable housing communities throughout Indiana.
Developer withdraws plans for controversial $61M Willows project
The team behind the proposed redevelopment of the Willows Event Center into apartments near Broad Ripple has withdrawn its proposal, just hours before it was set to be considered by a city commission.
Residents of longtime Carmel neighborhood oppose $133M project
Residents living in Johnson Addition worry about increased traffic and housing costs, and fear for the future of their neighborhood.
Keystone seeking zoning OK for redesigned Alexander project across from Ironworks on 86th Street
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
Noblesville project aims to bring more dwellings closer to historic square
Construction is starting to shape the first piece of a massive mixed-use redevelopment in downtown Noblesville that will add more than 200 apartment units by 2025.
City commission delays rezoning hearing for controversial Willows project
The Metropolitan Development Commission continued a public hearing on the Willows redevelopment project near Broad Ripple following requests for a postponement by both the developers and remonstrators.
Hundreds of apartments, townhomes proposed in southeast Indy by S.C.-based firm
The complex at 4822 E. Edgewood Ave. would consist of 280 apartments and 96 townhomes, as well as four commercial outlots. But the nearly 20-acre footprint needs to be rezoned.
Neighbors fight dense White River development near Broad Ripple
The siblings who own soon-to-close Willows Event Center on Spirit Lake want to redevelop the site into more than 250 apartments and town houses.
Apartments added to hotel proposal on south side of downtown
The development team behind a hotel planned for a parcel across from Shapiro’s Delicatessen in downtown Indianapolis is adding about 60 apartments to the mix, as well as a rooftop restaurant.