Providing pet accommodations has become a top priority for apartment complexes seeking younger tenants, and new-home construction is also seeing an uptick in pet-friendly perks.
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The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
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The development at 22nd Street would keep rents low for tenants while providing nearly free space for initiatives focusing on career building, mental health and substance abuse.
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The new owner plans to make a significant investment in improvements that likely will drive up rents that have languished of late.
Read MoreTWG Development LLC is in discussions with city zoning and planning officials for the 125-unit project, which would be developed on the east side of the road in the 1800 block of North Meridian Street.
The court’s action late Thursday ends protections for roughly 3.5 million people in the United States who said they faced eviction in the next two months.
Rents are rising, buoyed by strong demand as U.S. home prices push to new highs, leaving many would-be buyers no choice but to rent.
More than 51,000 eviction filings have been made in Indiana during the pandemic, including nearly 16,000 in the Indianapolis metropolitan area, according to Indiana Legal Services.
A House panel convened to consider emergency legislation to extend the ban, which expires Saturday, through Dec. 31. But approving an extension would be a steep climb in the narrowly-split Congress.
The state is taking aim at the firms for “their respective roles in allowing the Fox Club and Lakeside Pointe apartment complexes in Indianapolis to fall into egregious disrepair.”
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List, and is still on the way up.
As of June 7, roughly 3.2 million people in the U.S. said they faced eviction in the next two months, according to the U.S. Census Bureau’s Household Pulse Survey.
Lafayette-based IG Development has submitted conceptual plans to redevelop roughly 27 acres of the Emmis Communications radio tower and transmission property in Whitestown with 408 apartments.
Plans for Monon Court call for razing an apartment development that has been been on the site for more than 70 years.
An almost 30-page policy agenda and a nearly 20-page action plan tackles the city’s diminishing stock of quality affordable rental housing.
The agency on Thursday alleged that the company committed disability discrimination by refusing to permit a prospective renter with PTSD to have a support cat.
The 60-unit apartment project will be part of Founders Square, which will include restaurants, shopping and a hotel.
The ruling does not affect state or local eviction moratoriums. Landlords and property owners have consistently challenged the CDC order, arguing the policy sets an undue financial burden on business owners.
Preliminary site plans filed with the city call for the construction of five new apartment buildings and the retention of a two-story office building on the 8.6-acre property.
Developer Flaherty & Collins Properties was approved for up to $7.3 million in industrial recovery tax credits for its plans to build 238 apartments, a parking garage and retail space at the site, but the project has seen little progress since 2018.
Landlords had been worried not just that tenants wouldn’t be able to stomach rent increases in 2020 but that they might not be able to pay their rents at all as the pandemic wore on. But collections remained strong,
Jeremy Stephenson, who started 1820 Ventures a year ago after leaving Indianapolis-based apartment developer Milhaus, intends to develop the 103-unit project near the middle of the Elevator Hill campus.
What once was a deteriorating Party Time Rental warehouse and an Arby’s has been transformed into a ritzy residential and commercial block.
