Virus shifts focus for Westfield developer EdgeRock
The company is slowing its rollout of ambitious commercial projects while turning to residential development as a way to support those signature endeavors.
Residential Real Estate
Articles
More landlords suing to push back against eviction ban
At least 26 such lawsuits have been filed by property owners this year, claiming that the national eviction moratorium unfairly strains their finances and violates their property rights.
Platinum Properties might keep Grantham plan alive despite denial from Fishers
Even though rezoning for the proposed 290-home Grantham neighborhood on the east side of Fishers was denied this week, a new version of the project might be built anyway, the developer said.
Central Indiana homebuilders see another strong month
Permit filings are up 12% so far this year compared with the first eight months of 2019, despite the pandemic.
Developers propose $36M multifamily project near downtown Fishers
Fishers City Council members weren’t immediately convinced by the large number of proposed rental units in the plan and the developers’ request for $6.1 million in tax increment financing, so a majority voted to reconsider the proposal in 30 days.
New view for design flexibility emerging from pandemic
The pandemic turned the entire nation into homebodies. Now, architects, builders and interior designers are addressing the pain points that emerged when our homes became our offices, schools and entertainment venues.
Central Indiana existing-home sales rise for second straight month
Sales of existing single-family homes rose in central Indiana in August despite a huge decline in available houses and another record in prices.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
Drainage and tree roots wreak havoc on a home’s stone walkway
Asked to suggest an option that homeowners could do themselves, one expert said that a general rule of thumb is “the easier the install, the more maintenance the walkway is going to be.”
Developer plans $12M townhouse project near Garfield Park for affordable housing
The town homes—all of which are expected to have three-bedrooms—would be available for lease to individuals and families with modest incomes, with an option to eventually buy the units.
Three proposed neighborhoods could bring nearly 270 new houses to Westfield
Residential builders Drees Homes and Epcon Communities presented plans to the Westfield City Council on Monday for three different developments in the city.
Pandemic depresses number of houses for sale, which drives up prices
A shortage of moderately priced single-family homes and pent-up demand stemming from the COVID-19 lockdown this spring have caused home prices to rocket higher.
Developers ‘optimistic’ about multifamily projects, stress that incentives are needed
Developers remain optimistic about multifamily developments in general across the city, but some believe additional affordable housing—and associated incentive deals—is needed.
Indianapolis to use $7.1M in federal grants to house 500 homeless households
The funding will serve 350 people or families currently living in non-congregate shelters, especially those at risk of contracting COVID-19 and dying, and 150 unsheltered households that face high barriers to find housing.
$40M apartment project planned for Herron-Morton Place
The proposed project includes 234 multifamily units in the 2100 block of Central Avenue, along with nearly 12,000 square feet of new or redeveloped commercial space.
State dishes out $14M to landlords through rental assistance program
The $40 million program provides up to $500 a week for up to four weeks to renters whose income is lower than it was on March 6 due to the COVID-19 pandemic.
Housing industry groups consider challenging Trump’s anti-eviction order
Advocates for low-income families and other Americans struggling to afford their housing costs praised the Trump administration for its approach, which is broader than what Congress enacted earlier in the pandemic.
IBJ Podcast: Remodelers reveal what homeowners want in pandemic era
An architect, interior designer and design-build contractor discuss the sudden shift in priorities for the home, how much projects can cost and how crews get the work done in the middle of a health crisis.
Why a historic eviction wave is bearing down on U.S.
According to the Census Bureau, about a third of renters said in July that they had no confidence or slight confidence in their ability to pay for housing in August.
Residential Real Estate: Marketplace Stats for August 28, 2020
Active listings have continued to fall throughout 2020, as sellers resist having potential buyers in their homes during a pandemic.