A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
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Onyx+East has partnered with Extra Space Storage to redevelop the block at the southeast corner of North and Fulton streets with new residences and a six-story storage facility. The project will require the demolition a nearly century-old building.
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Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
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Brad Litz, who created Litz & Eaton in 2011 is facing multiple lawsuits from a lender and one form his former partner, John Eaton,
Read MoreUnder Hogsett’s proposed initiative, $250,000 of new funding would be allocated toward increasing resources for tenants. The city will work in partnership with Indiana Legal Services to provide free civil legal assistance to eligible low-income residents.
The Indianapolis-based developer hopes to build 21 units ranging in price from $275,000 to $365,000 over several vacant parcels, but city staff has recommended denial.
Sales of existing single-family homes decreased 4.5% in central Indiana in November—ending a two-month streak of increases.
It’s been more than two years since the city and state chose four developers to build 500 affordable housing units—including some reserved for people experiencing homelessness.
Washington, D.C.-based Capitol Seniors Housing plans to make its Indiana debut by building 172-unit apartment complex next to Hamilton Town Center.
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.
Florida-based Regency Windsor Capital Inc. is petitioning the city to rezone a 5.33-acre parcel just east of SR 37 and south of 141st Street so it can expand the existing Woods of Britton apartment complex with two new buildings.
Renew Indianapolis will merge with the King Park Development Corp. on Jan. 1.
Chicago-based Mercy Housing and Missouri-based MACO Development Co. plan to build the $25.6 million, 156-unit apartment complex at 3355 Kirkbride Way on the west side of Indianapolis.
Sales are still down in the area on a year-to-date basis amid tight inventories and rising prices.
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
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.
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Applications for home construction in the nine-county area have risen three months in a row following seven straight months of declines.
Indianapolis-based Westport Homes Inc. plans to ask the city’s Metropolitan Development Commission for approval to rezone two tracts of land for two subdivisions totaling 155 acres.
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
