The nonprofit 91 Place—which purchased Neidhammer Coffee Co. in 2023—is also seeking support to continue offering places to stay for young adults affected by homelessness, trafficking and violence.
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A state filing indicates as much as $154 million could be invested in the Larue D. Carter Memorial Hospital property in coming years by Marian University and other entities.
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Onyx+East, which was spun off in 2016 from Indianapolis-based Milhaus Development LLC, got its footing in downtown Indianapolis, and Lawrence has led the company as it has put a focus on the suburbs.
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IBJ columnist Pete Dunn outlines the challenges of rising inflation, stubbornly high costs for consumer goods, the meandering stock market, mass deportations and what could be the biggest economic story of 2025.
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Economists generally expect mortgage rates to ease further this year, though most recent forecasts show the average rate on a 30-year mortgage remaining above 6%, about twice what it was six years ago.
The housing market recently crossed a noteworthy line: There are now more Americans with mortgage rates higher than 6% than below 3%.
From utility rates to tenderloin sandwiches, here are some bills IBJ is following this legislative session.
The average 30-year fixed rate mortgage was about 6.2% on Thursday, down from nearly 7% when President Donald Trump took office.
Many economists from the right and the left alike say larger investors do not have as expansive a grip on the housing market as politicians might suggest.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose this week.
The project site also features a Merchants Bank of Indiana corporate headquarters expansion and a six-story apartment building that is nearing completion.
Developers told members of the Noblesville City Council that Courtyards of Deer Creek would not be age-restricted, but it would be targeted toward people ages 55 and over.
About 11 acres on the southeast corner of the 176-acre Heritage Station project site are in Zionsville, which has already signed off on that part of the project.
We have everything it takes to make Indianapolis the most attractive place to build homes in the Midwest.
The Federal Trade Commission argues said the companies’ “unlawful scheme” maybe reduce incentives for further competition, and could lead to higher prices and fewer choices for multifamily rental advertising customers.
Additionally, some who had left the Leonard Street camp after initial closure notices and had relocated elsewhere in the neighborhood are also being connected to housing and services.
A developer under criticism for previous work on an affordable housing project on the near-northwest side of Indianapolis has received initial city approval for financing help on the development’s next phase, but with several new requirements.
Streets to Home leaders said a recent 10-person pilot was successful and that stakeholders were able to “accelerate our timeline” to launch the program and get people from the Leonard Street camp housed.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell.
The 2025 point-in-time count was the second-highest recorded in Indianapolis over the past 10 years, trailing only the 2021 high of 1,928.
Elderly and disabled residents of subsidized public housing at the Richard G. Lugar Tower Apartment Complex in downtown Indianapolis are embroiled in a multiyear conflict over safety and sanitation issues.
Advocates hope the first phase of the initiative, called Streets to Home, will provide housing and wraparound services to some 300 residents by next year.
Guests who stayed in the city’s temporary winter shelter have spoken against Andrew Merkley’s nomination to head the Office of Public Health and Safety, arguing the shelter was unfit for families.
His New City Development firm’s first major project, announced in 2022, is a $300 million, 125-acre development called Hobbs Station in Plainfield.
