A representative for the buyer said that Indianapolis’ rank as one of the best markets in the country for rent growth—that is, increases in rent prices—played a key role in the decision to buy Cosmopolitan on the Canal.
Carmel-based Old Town Cos. LLC and Indianapolis-based Avenue Development are seeking to build the apartments on 10.4 acres in the $100 million North End development.
Edward Rose & Sons wants to build seven apartment buildings and a commercial/retail building at the former site of Resort Condominiums International’s North America office.
The developer behind the planned overhaul of Circle Centre Mall could start construction work on the $600 million project by the end of this year.
California-based Tallen Capital Partners LLC, which has the property in the 6200 block of East Washington Street under contract for an undisclosed price, hopes to rezone nearly 7 acres for mixed-use development.
Plans call for CityView to have 191 apartments for residents ages 55 and over, 18,000 square feet of first-floor retail with two restaurant locations and a 325-space parking garage with electric vehicle charging stations.
A pair of apartment projects on Dr. Martin Luther King Jr. Street near the under-construction Indiana University Health hospital campus received initial approval for tax-increment financing bonds Monday evening.
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Located north of The Shops at Perry Crossing shopping center, Crossing 5 Towns & Flats is expected to offer market- and above-market-rate units ranging from one to three bedrooms.
The ultimate goal of the Hogsett administration is to redevelop the 20-acre property site in conjunction with the neighboring Oaktree Apartments site.
The 92-apartment development, which would feature one- to three-bedroom units, would consist of market rate and reduced-income housing, with the latter meant to serve homeless veterans.
The developments, known as The Kennedy and The Chloe, will offer market-rate and workforce housing options for residents near IU Indianapolis and IU Health’s $4.3 billion hospital campus.
Millennia owns or operates roughly 280 apartment properties, including four affordable properties in Indianapolis.
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Missouri-based Mia Rose Holdings is developing the 250-unit The James at Chatham Hills on 21 acres in Westfield, marking the company’s entry into central Indiana.
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
