The developer behind the proposed revamp of the former Jail II and Arrestee Processing Center facilities on the eastern edge of downtown Indianapolis said he expects city incentives for the project to be secured by the end of this year.
The developer of Riverbank Townhouses—featuring units with listing prices beginning at $750,000—hopes the project will encourage more homeownership in the village.
The facade-replacement project is expected to resolve to longstanding water-infiltration issues at the 30-story towers.
After decades of gray-dominated interiors, other colors are starting to rise to the forefront, including white, green, blue and yellow.
Previous owners Brian and Emily Mack spent 17 years living in and lovingly restoring the 1908 Craftsman home built by Carlos and Anne Recker. It was designed by Gustav Stickley and is the only known example of his work in Indianapolis.
Jennil Salazar switched agencies to Compass Indiana LLC but held on to the top spot of the IBJ All-Star Solo Agents for the fourth straight year. And a trio of veteran real estate agent teams maintained their hold on the top three places in IBJ’s All-Star team rankings, with Dennis Nottingham’s Indy Home Pros Team in the No. 1 position.
The idea came to Lobyn Hamilton after he moved into a former grocery store in the neighborhood where he spent the earliest years of his life.
The company presented plans to the Noblesville City Council for two new rental-home communities, but some councilors expressed concerns about the amount of housing under development in the city.
Lawn Pride Inc., which was founded 40 years ago by its CEO, will become the latest franchise brand for Waco, Texas-based Neighborly Inc.
The local developer is planning several modifications to the complex, including the addition of two floors, more than 50 apartments and a new parking garage.
In a state-of-the-industry report released this week, the Builders Association of Greater Indianapolis predicted that new-construction home sales in the nine-county area would slow significantly through 2023.
Ellis Acres would be built on 10 acres on the southwest side of the intersection of County Road 750 South and Indianapolis Road near the interchange of Interstates 65 and 865.
The site is just a few minutes from key employers in the airport corridor, including AAR Aircraft Services, Express Scripts, FedEx and Rolls-Royce.
The three-story townhouses at Marketplace Towns would range from 1,700 to 2,200 square feet with an average cost of $400,000.
Median prices of homes sold in central Indiana ticked down slightly from June to July, but are still significantly higher than they were a year ago.
Families spent about 24% of their incomes on mortgage payments in the second quarter, up from 19% in the previous three months and from 17% last year.
Indianapolis-based Onyx+East LLC, Carmel-based Pittman Partners Inc. and Carmel-based Estridge Development Management LLC are proposing new neighborhoods in Carmel.
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Rental prices nationwide are up nearly 15% from a year ago and almost 25% from 2019, according to the real estate company Zillow.
The Rev would include 36 condominiums ranging from $600,000 to $1 million, 23,000-square-feet of commercial and office space, and a parking garage.
