Cities reviving downtowns by converting offices to housing
A growing number of developers are considering converting empty office towers into housing as part of an effort to find uses for properties that emptied out during the pandemic.
Residential
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Zionsville Town Council OKs rezoning for 260-acre Wild Air development
Plans for the Wild Air development call for 399 single-family houses and townhouses, as well as 300 apartments.
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Homebuilder proposes 220 new houses along 96th Street in Fishers
The 109-acre Flat Fork development would be divided into eastern and western parcels with 96 lots on 46 acres in one section and 124 lots on 59 acres in the other.
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Developer planning $75M residential project along Nickel Plate Trail in Fishers
The Fishers City Council on Monday night approved an economic development plan for the project, which would include apartments, condominiums and townhouses.
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Developer proposes 260-acre residential development in Zionsville
The Wild Air development would include would include eight different “block” areas with hundreds of single-family homes, townhouses and apartments, as well as some retail space.
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Articles
Developer looking to build 400-unit apartment complex in Whitestown
The Maddox would include 11 residential buildings on about 33 acres near the intersection of East Whitestown Parkway and Cardinal Lane in Whitestown.
Developer planning 77 townhouses near Westfield’s Grand Park
The townhouses would be constructed on about seven acres of land at Grand Park Village and would hew to the community’s Cape Cod-style architecture.
Florida-based developer proposes build-to-rent community in Carmel
The 32-acre build-to-rent project would be on the north side of the 400-acre Legacy mixed-use development, which is along the south side of East 146th Street and west of River Road.
Existing home sales continue to cool as interest rates climb
Closed sales in the 16-county central Indiana area drooped from 3,883 in August 2021 to 3,461 last month—a year-over-year decrease of 10.9%, according to the latest data from the MIBOR Realtor Association.
AMH Development planning up to 168 new rental homes in Noblesville
The company presented plans to the Noblesville City Council for two new rental-home communities, but some councilors expressed concerns about the amount of housing under development in the city.
Proposed developments could mean more than 150 new homes in Carmel
Indianapolis-based Onyx+East LLC, Carmel-based Pittman Partners Inc. and Carmel-based Estridge Development Management LLC are proposing new neighborhoods in Carmel.
Developer plans single-family homes, townhouses near downtown Westfield
Plans call for the Springwater development to have 90 residences that will include 32 townhouses, 25 traditional single-family homes and 33 large single-family homes.
$13.1 million awarded to help Hoosiers with eviction legal services
Lt. Gov. Suzanne Crouch and The Indiana Housing and Community Development Authority on Tuesday announced a new partnership with the Indiana Bar Foundation to provide legal services for Hoosiers facing eviction.
DMD recommends approval for controversial $61M Willows project
The Indianapolis Department of Metropolitan Development on Thursday said the redevelopment of The Willows Event Center property north of Broad Ripple into more than 250 apartments and town homes should be permitted to move forward.
Mortgage rates soar to levels not seen in nearly three years
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average has spiked in the last six weeks to 3.92%.
Carmel offers new details on $47M ‘1st on Main’ development
Plans call for the 1st On Main development—previously known as Lot One—to include a four-story office building with first-floor restaurant space and a private rooftop terrace, luxury condominiums, upscale apartment units and a parking garage.
Bloomington-based startup developing drone-assisted construction techniques
Terran Robotics, established in 2019, is developing technology that enables self-flying drones to build walls for earthen homes. The company plans to build its first home next year.
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.
Fresh wave of rental help on way as eviction moratorium extended for ‘final’ time
Since IndyRent launched last July, it has provided $96.1 million in emergency rental assistance to help thousands of residents stay housed in the midst of the pandemic’s economic fallout.
Hogsett administration plans to spend $25M to repair run-down residential streets across Indy
The city identified 605 residential lane miles across Indianapolis that are in particularly poor condition. The city is allocating enough money to fix only about 10% of those miles, starting as soon as next spring.
Historic downtown building with steakhouse space, luxury condo on market for $4.95M
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
11th Street Development pitches alternative home designs for Lebanon’s growing workforce
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
Lowe’s 4Q results surge as people plow money into homes
Home improvement stores have become hot destinations during the pandemic, with millions working from home and attending school remotely. Many Americans have found the time to update or change their homes to add home offices and other elements.