Developer planning 11-story, $85M apartment project near IU Health campus
To be named Hall Place Apartments, the 308-unit project would occupy about two acres just south of 18th Street and west of Illinois Street.
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Local developers planning $60M apartment, retail project on Cultural Trail in Fountain Square
The site of a one-story, nondescript building in Fountain Square used sparingly for local White Castle operations soon could house a five-story building with nearly 200 apartments and six street-level storefronts.
New Lakeside Pointe, Fox Club owner to commit $7M to repairs, Rokita says
The dilapidated Lakeside Pointe at Nora and Fox Club apartment complexes in Indianapolis could see major improvements soon, Indiana Attorney General Todd Rokita announced Thursday.
City finalizing $650,000-plus deal that restored water to troubled properties
Five days after announcing a deal with Citizens Energy Group to restore water service to tenants at two south-side Indianapolis apartment complexes, officials said they’re planning to get the city’s money back, but a lack of communication with the properties’ owners could complicate matters.
Rents skyrocketing across United States with no end in sight
In the 50 largest U.S. metro areas, median rent rose an astounding 19.3% from December 2020 to December 2021, according to a Realtor.com analysis of properties with two or fewer bedrooms. Indianapolis-area rents have seen a smaller, but still significant, jump.
Developers plan $300M, 125-acre Plainfield project with housing, commercial space
Percolating under the radar for two years, the first phase of Hobbs Station is expected to feature 300 apartments, 99 single-family homes and 500,000 square feet of logistics space.
Rents are up 14% nationwide, forcing millions to find another place to live
In Indianapolis, rents increased 9% last year, to $1,280 per month. But in some cities, rent jumped by more than 40%.
Kittle to develop $54M workforce-housing project in fast-growing Whitestown
To help support blue-collar workers, Meadows on Main will be income-restricted and serve individuals and families generally making 40% to 70% of the area’s median income.
Apartment developer plans $25M project on North Meridian Street
TWG 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.
Millennials, Gen Z put pets first in search for housing
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.
Apartment building on North Meridan sells for $11.4M
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.
Group tackling housing affordability on near-north side with $15.5M apartment project
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.
Meridian Hills apartment complex sells for $26.5M after 55 years with same family
The new owner plans to make a significant investment in improvements that likely will drive up rents that have languished of late.
Supreme Court allows evictions to resume during pandemic
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.
Outlook brightens for apartment landlords amid rising rents
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.
Explainer: How Indiana evictions might surge post-moratorium
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.
Congress in longshot bid to extend expiring eviction ban
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.
Rokita sues firms for dangerous conditions at two Indy apartment complexes
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.”
Incentives for multifamily project approved by council committee
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.
U.S. rents still rising at rapid clip during busy time for lease renewals
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List, and is still on the way up.