Affordable housing developers struggle as key funding source disappears
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
Apartments
Articles
Plans emerge for Winona Hospital redevelopment
The Children’s Museum of Indianapolis wants the city to tear down the old Winona Memorial Hospital so it can build a community park and outdoor learning center. A private firm that specializes in environmentally
impaired properties wants to turn the building into senior apartments.
EDITORIAL: Project near MSA may be worth the risk
The city has unveiled a dramatic plan for new housing and retail development to revitalize the old Market Square Arena site.
Despite some shortcomings, the project deserves a chance to give the stagnant area a boost.
Cultural Trail spurs development plan along Virginia Avenue
A local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
Developer wants to turn project into apartments, offices
A local developer is hoping to convert an unfinished eight-story luxury condo project downtown into a mostly affordable apartment
building with its headquarters on the top floor.
Flaherty selected to revitalize Barton, Lugar tower sites
Locally based Flaherty & Collins Properties plans to build retail and residential space on land that surrounds two downtown public housing towers.
A new generation takes over Glick apartment empire
A new generation of company leadership is revving the Gene B. Glick Co. and building and buying apartment complexes again.
Few private firms survive to third generation
The Gene B. Glick Co. has managed to accomplish what few privately held family enterprises can—keeping the company alive
for
a third generation.
Developer could turn Maxwell to apartments
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The
Maxwell,
into apartments.
Apartment revitalization work begins in Irvington
Apartment developer Christopher Piazza has closed on financing for a $1.2 million renovation of a 1914 apartment building
in Irvington.
IndyFringe leads effort to build artists’ apartments
Indy Fringe executive director Pauline Moffat and Gary Reiter, a board member of the Indianapolis Theatre Fringe Festival
Inc., want to build an affordable live-work complex near Massachusetts Avenue.
Developers vie for property by Central Library
Two high-profile property developers are squaring off for the rights to transform a six-story apartment complex adjacent to
the Central Library downtown. Van Rooy Properties and Buckingham Cos. both submitted proposals to redevelop the Ambassador
apartments at 39 E. Ninth St., just north of the library.
Zender trying to sell 18 apartment complexes for about $40 million
A locally based property management firm is struggling to find a buyer for its downtown apartment complexes, even as the city’s
rental market continues to thrive. The privately owned Zender Family Limited Partnership, which was founded 38 years ago,
placed its 18-property apartment portfolio up for sale in November.
Renovated Central Library spawns neighborhood revival
A local developer plans to spend up to $45 million building a “north village of downtown” on several parcels it has assembled
near the Central Library. Buckingham Cos. plans to build apartments, offices, restaurants and retail space-all surrounding
its headquarters in the three-story Stokely-Van Camp building at the southeast corner of Meridian and St. Joseph streets.
High-rise in works near canal
A strong demand for student housing downtown is driving a $40 million plan for a high-rise apartment tower a couple of blocks
east of the Central Canal. The developer, a partnership of Fishers-based Paramount Realty Group and Indianapolis-based Alboher
Development Co. Inc., hopes to build the 16-story Paramount Tower on a OneAmerica parking lot.
New Glick exec puts expansion on agenda
It can be intimidating to be tapped by a legend and charged with growing one of central Indiana’s best-known companies. But
David Barrett, three weeks into his role as executive vice president of Gene B. Glick Co. and less than half the age of its
still-working founder, says he isn’t the least bit nervous.