City to spend $4.5M on program to raise Black homeownership
The Vacant to Vibrant initiative, announced Tuesday, will utilize about 100 lots in several neighborhoods that have fallen into disrepair and are held in the city’s land bank.
Residential Real Estate
Articles
Duke’s $29M transmission-line plan to spare trail trees in Westfield
The multiyear project will include installation of two new 69-kilovolt electric transmission lines to serve fast-growing Noblesville and Westfield.
Developer reveals details for downtown mixed-use project south of revamped Stutz campus
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Prolific homebuilder Paul Estridge Jr. dies at 65
A lung transplant recipient in November 2020, Estridge contracted a lung infection in recent days that his family said he could not overcome.
Area homebuilders see 11th straight month of falling permits
Interest in new homes in central Indiana continued to slow dramatically last month, according to the latest statistics from the Builders Association of Greater Indianapolis.
2022 Year in Review: A year of ups, downs and uncertainty
The stock market dropped in 2022. So did the unemployment rate. Except in Indiana, where in both cases, the numbers crept up.
U.S. pending home sales fall to second-lowest level on record
Consumers rate current home-buying conditions as the worst since the early 1980s, according to a survey by the University of Michigan.
Ohio firm acquires The Coil apartments in Broad Ripple for $57M
The purchase comes just three years after the 151-unit complex on the Central Canal was sold for $40.7 million to Chicago-based Promus Holdings LLC.
Council committee OKs $16M in TIF funding under new policy
The redevelopment of the former Broad Ripple Kroger and the Fountain Square White Castle could be the first residential projects to receive tax-increment financing from the city without including affordable housing units.
Central Indiana existing home sales continue to slide
Sales have now fallen on a year-over-year basis for the past 10 months and have seen double-digit percentage decreases for five straight months.
Local developers, officials look for solutions to fill affordable housing gap
About 81,500 households in Marion County alone are classified as “cost-burdened,” meaning they spend more than 30% of their income on housing.
Carmel-based developer looking to build 70 townhouses in Lebanon
The development, called Onyx Point, would consist of 12 two-story buildings on 5.7 acres at 2620 N. Lebanon St.
Boone County looks to add housing to match rapid growth
With the county experiencing the second-highest growth rate in Indiana, builders and apartment developers have not been able to meet the increasing demand for affordable and workforce housing.
Developer plans 192-unit senior living community near Grand Park Sports Campus
If approved, Traditions at Grand Park would be developed near the intersection of West 186th Street and Kinsey Avenue.
Industrial, home developers plan joint project by southwest-side neighborhood
Nearby residents object to the project, which would include 817,000 square feet of speculative industrial space across 56.7 acres and a residential section with 133 single-family homes and another 52 homes in a paired-patio design.
Developer plans 61 homes near 136th and Cyntheanne in Fishers
The proposed Cyntheanne Woods subdivision would be developed on about 41 acres at the southeast corner of East 136th Street and Cyntheanne Road.
Luxury developer plans nearly 300 apartments on site of former entertainment center
The plans from Edward Rose & Sons call for demolition of the 54,500-square-foot Main Event entertainment complex, which opened in mid-2017 in the Lake Clearwater area.
First-time U.S. home buyers oldest on record, least diverse since 1997
About 88% of all home buyers were white/Caucasian, 6 percentage points more than in 2021.
Nearly 1,200 residential units in the works at Noblesville’s Hyde Park
The 242-acre, master-planned development is expected to include a mix of businesses, retailers, restaurants and residential and recreational facilities, plus a 162-acre park as it is developed over the next decade.
Higher interest rates will lower winter home sales more than usual, experts say
The cold months pretty much always herald a drop in residential real estate sales. It just isn’t a great time to schlep around looking at houses. This season, however, is expected to bring a lower dip than in recent years.