Local developer planning townhouses in Old Northside neighborhood
Onyx+East is expected to appear before the Indianapolis Historic Preservation Commission on Wednesday for a preliminary review of the $6.5 million project.
Residential Real Estate
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Nearly $15M townhouse project slated for spot where Meridian-Kessler meets Monon
In the latest of a slew of projects planned by local developer Onyx+East, more than 50 units in the high $200,000s to the low $400,000s are planned by the trail’s intersection with 46th Street.
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IBJ Podcast: How the sale of Christel DeHaan’s estate could expand her legacy
Host Mason King talks to the real estate agent who has listed Christel DeHaan’s estate for $14 million, in addition to Christel House International CEO Bart Peterson and Christel DeHaan Family Foundation President Mark Willis about the impact of a sale.
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Community leaders form land trusts to tackle affordable housing shortage
A wide range of neighborhood organizations and residents think they’ve found an approach that could keep property affordable indefinitely.
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Christel DeHaan home generating big interest from potential buyers, agent says
Based on the early interest in the property, the estate might end up selling above $14 million list price, the listing agent said. Proceeds from the sale will allow the not-for-profit Christel House International to expand its outreach to students in high-poverty areas around the world.
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Articles
Home of late philanthropist, businesswoman Christel DeHaan on market for $14M
The listing provides a rare glimpse at an Indianapolis estate that sits behind stucco walls topped with terracotta tiles at 4501 N. Michigan Ave.
Homeowners keep spending on renovations, upgrades
Homeowners locally and nationwide, far from being deterred by supply-chain snarls, are showing increasing interest in remodeling.
Existing-home sales rebound in central Indiana
Sales of single-family homes were back on the rise in the area in November, ending a two-month streak of declining purchases despite rising prices and tight inventories.
For many, home insurance premiums are rising faster than inflation
Since 2017, home insurance premium rates are up 11.4% on average, and insurance experts expect the rates to remain high.
Area homebuilders trying to keep up with strongest year since 2005
After a three-month streak of declining numbers, Indianapolis-area builders received a surge of interest from new-house buyers in November and are nearing a 16-year record.
Peppermill Farms seeks to keep housing affordable
The affordable housing complex’s owner plans to pump $23 million into major renovations, more than double the 40-year-old property’s valued worth.
Old National Bank settles allegations of redlining against Black Indy residents
The bank was accused in a lawsuit earlier this year of providing disproportionately fewer mortgages to Black borrowers, closing branches in predominantly Black neighborhoods and giving Black people less information during the mortgage-application process.
Evictions on the rise months after federal moratorium ends
Eviction filings in Indianapolis were 49% below average in August but just 7% below average in the first 11 days of December, according to Eviction Lab at Princeton University.
Apartment developer plans $25M project on North Meridian Street
TWG Development LLC is in discussions with city zoning and planning officials for the 125-unit project, which would be developed on the east side of the road in the 1800 block of North Meridian Street.
Glick philanthropy buys 7 affordable-housing projects for $56M
In addition to two Indianapolis communities, the acquisition involved properties in Bedford, Bloomington, Lebanon, New Albany and Shelbyville.
Onyx+East plans $3.5M townhome project in heart of Fountain Square
The project, called FSX—shortened from “Fountain Square Ten”—is planned for a narrow site at 1003 Prospect St., which currently houses two drive-thru ATMs for PNC Bank. The units each will have a two-car garage and rooftop deck.
Fishers District developer breaking ground on adjacent 242-unit rental home community
With an initial price tag of $63 million, the 25-acre community east of Ikea has since been renamed Slate at Fishers District.
Area homebuilders see third straight monthly drop in permit filings
The recent slump has slowed what had been a torrid pace for the local home-construction industry. Permit filings are still easily on pace to have their biggest year since 2005.
Area existing-home sales tumble 8.7% as prices escalate
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
Millennials, Gen Z put pets first in search for housing
Providing pet accommodations has become a top priority for apartment complexes seeking younger tenants, and new-home construction is also seeing an uptick in pet-friendly perks.
IBJ Podcast: ‘Old-school’ agent Matt McLaughlin hits $1 billion in career home sales for Tucker
Host Mason King sat down with McLaughlin to learn how he closed so many sales, what makes his approach different and what he thinks about central Indiana’s red-hot real estate market.
Apartment building on North Meridan sells for $11.4M
The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
10 tips to sell your house during cold weather
The market has tilted severely toward sellers. But if you want to get the best price and the quickest deal, there are still a lot of things you need to do to make an off-season listing stand out.
Treasury says rental assistance helped stop eviction wave
The number of households receiving emergency rental assistance has increased steadily in recent months, with no major increase in evictions despite the expiration of the federal eviction moratorium, the Treasury Department said.