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.
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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.
Developer seeking to build large-scale Indianapolis data center
If fully developed, the 468-acre data center complex would have up to four buildings and 400 employees making annual salaries of about $100,000.
Pittsboro officials OK rezoning of 626 acre-site for proposed data center campus
The decision comes as developers seek to build a colocation site—a data center with multiple tenants—on a portion of the 626 acres.
Swig ‘dirty soda’ chain to open shop near Washington Square Mall
The Swig, which plans further Indiana shops, will serve drive-thru customers from a space previously occupied by a Papa Murphy’s pizza location.
Whitestown planning park at former Wrecks junkyard site
The 12-to-14-acre Wrecks Park is planned along Indianapolis Road, west of Interstate 65 and south of Whitestown Parkway.
Local brothers named in dozens of lawsuits over real estate deals
More than 200 residential properties around Indianapolis are connected to at least one of the more than two dozen active lawsuits that investors, lenders and contractors have filed against brothers Jeremy and Joshua Tucker.
Council committee recommends $66M in bonds for Old City Hall redevelopment
The $249 million plan calls for rehabilitating the 116-year-old former municipal building at 202 Alabama St. and building a 387-foot tower with 186 apartments, 23 condominiums and 156 hotel rooms.
Two major local government buildings put up for sale by Trump administration
The downtown Minton-Capehart Federal Building and the Maj. Gen. Emmett J. Bean Federal Center in Lawrence were deemed “not core to government operations” by the General Services Administration.
IBJ Podcast: Third-gen Indy hotelier on industry ups and downs, $43M Ball State project
Greg Schahet shares financial war stories from moments in the last three decades when it seemed like the hotel industry had turned upside-down.
Simons give Indianapolis’ MLS efforts a big boost, experts say
The Simon family’s involvement in the city’s effort to attract a Major League Soccer team might have been the worst-kept secret in Indianapolis.