Electric vehicle maker Rivian planning service center in Fishers
The facility would be the second Rivian service center in Indiana following one that opened in March in Fort Wayne.
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Developer’s plan for 350-plus homes in rural Zionsville expected to face final test next month
A proposed 147-acre residential and commercial development continues to face opposition from nearby residents and Indianapolis Executive Airport officials.
Funding in question for food hall development near Monon in Carmel
Plans unveiled last year for Monon Square South called for a food hall, community gathering space, 45,000 square feet of office space, a 190-unit apartment building and a 602-space public parking garage.
Alexandria annexation bill signed into law
The legislation allows Alexandria to annex about 460 acres of noncontiguous land in Madison County, paving the way for an industrial park.
IU Indianapolis breaks ground on $60M science building addition
The expansion project will bring more laboratory and research spaces to the Science and Engineering Lab building at Indiana University Indianapolis.
Fishers passes rental home cap, while Carmel introduces its own
The Fishers City Council voted 9-0 to approve the proposed ordinance, which would cap the percentage of single-family rental houses. Meanwhile, Carmel began considering its own plan.
Fishers City Council to hold public hearing on rental registration proposal
The plan calls for limiting the percentage of single-family rental units per subdivision to 10%, but it would grandfather in existing rentals.
Trump administration creates uncertainty regarding federal office buildings, leases
Brokers representing building owners have generally refrained from discussing the issue publicly, either because of the fluidity of the situation or because their companies carry government leasing contracts.
Hancock County officials to consider proposal for 776-acre data center campus
Shelbyville-based Surge Development LLC is asking for a zoning change and variances to develop a data-center project with a first phase containing about five main buildings, as well as numerous electrical, administrative and cooling facilities.
Existing-home sales in central Indiana continue to slip
Closed existing-home sales in the 17-county area fell for the fourth time in five months in March, but sales prices continue to climb.
Fishers developer planning $60M apartment project on near-south side of Indy
The Annex Management Group Inc., which specializes in student and moderate-income housing, plans to earmark units for individuals and families making up to 60% of the area’s median income.
D.C. firm spends $50M to acquire Canal-adjacent luxury apartments
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.
City commission approves plan to explore redevelopment of former Indiana Women’s Prison site
City officials hope a partnership with Urban Land Institute will help cultivate redevelopment ideas that are feasible for the site and beneficial for the east-side neighborhood.
Bakery cafe chain Paris Baguette targets Indy suburbs for new stores
Starting this year, the fast-growing international chain of French-inspired bakery cafes is looking to open at four suburban locations.
Noblesville provides look at what major downtown project could look like
The first phase of the project will likely focus on Logan, Eighth and Ninth streets on the north, west and east sides of the historic Courthouse Square.
Uncertainties under Trump trouble housing providers
Frozen grants, delayed allocations and terminated funds are all examples of what Indianapolis housing providers and builders face as President Donald Trump’s administration slashes federal programs and jobs.
Homebuilders prepare for proposed tariffs that could raise material costs, erode margins
The National Association of Home Builders projected that current tariffs could raise the cost to build a single-family house in the United States $7,500 to $10,000.
After YMCA departs, Athenaeum plans to open its own gym
The Athenaeum Turner Gymnasium includes a nod to the German immigrants who helped establish the Athenaeum, originally known as Das Deutsche Haus.
Q&A with Onyx+East CEO Kelli Lawrence on embracing unique housing types
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.
Existing-home sales in central Indiana continue to slide
Closed existing-home sales in the 17-county area fell for the third time in four months in February, but sales prices continue to climb.