Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Carmel officials say ongoing negotiations with Forrest Lucas regarding his Carmel estate have not been successful. Now, Carmel plans to enforce a zoning ruling that ultimately prohibited some special events.
Forrest and Charlotte Lucas have continued to host big parties, fundraisers and soirees at their West 116th Street estate, despite losing an effort to gain zoning approval for the events.
Plans for the historic structure in the downtown Chatham Arch neighborhood call for three condominiums priced at roughly $1.1 million each. Work is set to begin early next month.
Pending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000.