Local developer plans 46-unit apartment project near Goose the Market
A local developer plans to spend more than $12 million to build a trio of walk-up style apartment buildings along Delaware Street, just south of Fall Creek.
Residential Real Estate
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City-County Council delays housing project vote after complaints against developer
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.
Felony charges filed against man over unpaid utilities at 4 apartment complexes
The charges are related to a high-profile case in which the landlord of the four affordable apartment properties in Indianapolis collected money from tenants but failed to pay Citizens Energy Group for services from October 2019 to April 2022.
Carmel task force looks at city’s housing challenges
Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”
Area homebuilders continue to see surging demand
Applications for new home construction in central Indiana have risen on a year-over-year basis for eight straight months.
West Fork inks partnership with homebuilder to expand Westfield campus
The West Fork District plan calls for as many as 150 townhomes, along with a whiskey-aging warehouse, a pond, an outdoor concert venue, dog park and various other neighborhood amenities, as well as future commercial development.
360 Market Square owner seeks additional investors in tower
360 Market Square is among downtown’s most expensive apartment properties, with an average rent of $2,365 per month.
Former grocery building now a high-end home
The building sits on land that Israel Traub, a German-Swiss immigrant, purchased in 1854 for a grocery store he opened in 1866, according to the St. Joseph Historic Neighborhood Association.
Demand continues to outpace supply, but sales volume increase is expected
Experts say this year will see a continuation of the same pattern that’s governed the market since before the pandemic—too many buyers chasing not enough listings—with higher interest rates complicating the picture.
Sales of existing homes in central Indiana slip for 25th straight month
Sales in the 16-county area decreased in February amid higher prices and a declining inventory.
Homebuilders planning nearly 300 homes in Noblesville
Residential builders Epcon Communities and M/I Homes of Indiana presented plans to the Noblesville City Council for two neighboring developments.
Kroger Marketplace store, 98 homes planned on southern edge of Noblesville
Plans call for the Star Brick Village retail and residential development to be built on 72 acres along East 146th Street, just north of Fishers.
New homes are shrinking as builders look to keep prices down
After years of prioritizing large homes, the nation’s biggest and most powerful home builders are finally building more smaller ones, driving a shift toward more affordable housing.
Butler seeks approvals for new presidential residence by campus
The school intends to demolish an existing residence and build the new house before late 2026, which coincides with the end of President James Danko’s contract with the school.
Lennar looking to develop 95-home neighborhood in Carmel
Current plans for the project call for the construction of 47 single-family houses, 48 town houses and 15,000 square feet of retail space.
Indianapolis startup Dwellane aims to provide local context for online house-hunting
Dwellane, founded by a longtime Indianapolis real estate agent, offers a website where users can both search for local homes and learn about the neighborhoods in which those homes are located.
Developer planning age 55-and-over community on north side of Carmel
Pulte Homes of Indiana LLC would build the houses, which would range from 2,200 square feet to 2,750 square feet and cost between $700,000 and $750,000.
Area homebuilders see surge in demand to start 2024
Applications for new home construction in central Indiana rose 77% in January on a year-over-year basis, according to the Builders Association of Greater Indianapolis.
Sales of existing homes in central Indiana reach two-year slump
Sales of existing homes in central Indiana have fallen for 24 straight months on a year-over-year basis., but the market showed signs of improvement in January amid a small decline in mortgage rates.
M/I Homes of Indiana planning project with 190 townhomes in Noblesville
The homebuilder is looking to build the development, called Townes on 238, on 26.7 acres north of State Road 238, east of Promise Road and south of East 156th Street.