The Proscenium in Carmel almost ready for its debut
What once was a deteriorating Party Time Rental warehouse and an Arby’s has been transformed into a ritzy residential and commercial block.
Apartments
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Keystone plans to add school, apartments to Broad Ripple parking garage
Keystone Corp. would replace the former Chase Bank branch in the 6200 block of College Avenue with a five-story building adjacent to the garage, while adding two levels of apartments atop the parking structure.
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Multifamily redevelopment planned for Gray Eagle driving range
The Fishers City Council heard plans Tuesday for a 21-acre residential development and financing plan that would help prevent the closure of the golf course.
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Pandemic means renters can find deals downtown
Downtown apartment managers are extending rent specials, reducing parking costs and offering other incentives to get tenants in the door—and lock those already there into new leases.
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Carmel-based Java House opening Broad Ripple coffee bar, brewing big Indy expansion
This will be the third location for Java House, a cold-brew coffee shop chain based on products originally developed by Carmel-based Heartland Food Products Group, best known for Splenda.
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Articles
Children’s Museum lawsuit over Drake moves ahead amid talks with developer
An effort by the Children’s Museum of Indianapolis’ to overturn the city’s designation of the Drake apartment building as a historic property has been transferred to federal court—even as the organization continues working with city officials on a plan to salvage the building.
Holladay planning $27M apartment project in Fletcher Place by former Milano Inn
The developer expects demand from workers at large corporate campuses nearby, including those for Eli Lilly and Co., Indiana Farm Bureau and Anthem Inc.
Indiana Senate votes to override Holcomb’s veto of landlord-tenant bill
If it becomes law, Senate Enrolled Act 148 would prevent all local governments from regulating any aspect of landlord-tenant relationships and would block tenant protections that the city of Indianapolis had put in place last spring.
Zionsville Town Council OKs zoning changes for planned 179-unit apartment complex
Carmel-based Sila Capital LLC plans to build three, 3-story buildings at the southeast corner of Oxford Drive and Grove Pass.
Local developer plans $16M apartment project along Monon Trail
Called Monon 46, the 102-unit complex is expected to be comprised of three apartment buildings, including two directly along the trail south of Broad Ripple.
Housing advocates worry about veto override of controversial landlord-tenant legislation
Senate Enrolled Act 148 would have prevented all local governments from regulating any aspect of landlord-tenant relationships and would have blocked tenant protections that the city of Indianapolis had put in place last spring.
City sets Wednesday deadline for pandemic rental assistance applications
The program, which opened in July to help tenants avoid eviction during the pandemic, has provided more than $26 million in federal money to more than 12,000 households.
North-side apartment boom fulfills growing interest in renting
Indianapolis’ north-side apartment market, which includes parts of the city and extends into Boone and Hamilton counties, could see as many as 1,862 new units come online next year.
Apartments planned for low-income residents on 38th Street would raze blighted structures
The $10M project, known as Broadway Park Apartments, would include two buildings with a mix of one- and two-bedroom units, plus a community-minded ground-floor tenant such as a workforce readiness program or health clinic.
Westfield council considering $11.5M in bonds for Wheeler Landing infrastructure, apartments
J.C. Hart Co.’s proposed $32 million luxury apartment complex is expected to generate property taxes that would help pay off the bonds.
Developer scales down plans for massive west-side project after neighbors object
Updated plans for Tremont Town Center call for nine buildings (compared to the original 14) with about 450,000 square feet of office and retail space, plus senior housing, market-rate apartments and row houses.
East-side housing project for young adults receives $9.2M from state
The 30-unit apartment project is aimed at individuals aged 18 to 24 who were previously in the state’s child welfare and fostering system.
Plans percolating for east-side multifamily project by proposed Baptist church
Indianapolis-based KCG Cos. hopes to build as many as 200 apartment or townhome units for working-class residents, which would be adjacent to a new home for Mt. Paran Baptist Church on Franklin Road.
Fishers council OKs $10M in incentives for biopharm firm, Maple Del development
The Fishers City Council on Monday approved two economic development deals that are expected to lead to a combined $96 million in investment.
Senior housing project planned in Martindale-Brightwood neighborhood
Situated across from Douglass Park, the project would feature a 17,450-square-foot structure with 34 two-bedroom apartments and about 60 parking spaces.
Virus shifts focus for Westfield developer EdgeRock
The company is slowing its rollout of ambitious commercial projects while turning to residential development as a way to support those signature endeavors.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
Local firm plans $8.5M senior apartment project on near-east side
Indianapolis-based TWG Development expects construction to begin within 15 months if it can offset costs by landing affordable housing tax credits.