Aging millennials projected to drive up U.S. housing prices
Becoming a homeowner is likely to get more costly and competitive over the next decade as millions more Americans enter the age range where people typically seek to buy their first home.
Residential Real Estate
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Flaherty & Collins opens Sullivan apartment project
The project created 40 apartments, which are spread across two restored historic structures and new construction on the downtown square.
Holladay Properties is more than just AmeriPlex
Beyond the 1,500-acre industrial park near Indianapolis International Airport, the developer has launched a broad range of residential and commercial projects in Marion and Hamilton counties, from the redevelopment of the Milano Inn site downtown to the Grand Park Events Center in Westfield.
Sales of area existing homes fall for fourth straight month
Marion County, however, saw a 4.7 percent increase in closed home sales in March amid rising inventories.
Central Indiana homebuilders see slowest March in eight years
Single-family construction permit filings have fallen for the past four months following a 14-month streak of year-over-year increases.
Developer accused of unprofessional conduct ahead of city hearing on bond funding
The developer of two mixed-use projects south of Massachusetts Avenue downtown has been accused of harassing opponents. They’re asking city officials to deny his request for $7 million in financing due to his actions and temperament.
IU gets approval for $56M plan to overhaul mold-plagued dorms
The State Budget Committee signed off Wednesday on IU's plan to accelerate the overhaul of the Foster and McNutt complexes.
Student apartments near IUPUI to get 72-unit addition from new developer
Indianapolis-based Spectra Student Living bought an existing complex on 10th Street for $23 million and is planning a second phase with units overlooking the White River.
Timetable for City Center projects stretches past projections
Debt payments will be due before all the buildings are completed. But Carmel officials say the delays shouldn’t cost taxpayers because of safeguards the city and the developer put in in place years ago.
Existing-home sales in central Indiana fall for third straight month
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market. And colder-than-usual weather last month didn’t help.
Facebook charged with housing discrimination by HUD
The U.S. Department of Housing and Urban Development, which is pursuing civil charges and potential monetary awards that could run into the millions, said Facebook’s ad-targeting platform is discriminating against groups of people through exclusion.
Last large undeveloped Meridian Hills plat for sale
A 4.3-acre, wooded site along Meridian Street in Washington Township that has sat vacant and undeveloped for decades is on the market for $1.9 million.
Fountain Square parcels cut off by I-65 get modern makeover with three new houses
The lots were among the last available spaces to nab close to the main drag in Fountain Square, a neighborhood where Fisher and his family’s business, RCA Properties LLC, already owned substantial property.
Homeowners are seeking low-maintenance, party-ready landscaping and lawns
The stuff buyers pack into outdoor living areas varies according to taste. Some opt for outdoor kitchens, though most see the space as a place to chill rather than sling hash. Some spaces are even equipped with outdoor-rated televisions that—allegedly—can stay in the yard year round.
Residential Real Estate: Marketplace Stats for March 29, 2019
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
Area builders file to build fewer homes for third straight month
Last year turned out to be the busiest year for builders in more than a decade, but filings have been slowing since the fourth quarter.
New developer tackles downtown projects in smaller towns
Rebar Development launched just over a year ago, and already the small team has won three projects that are the result of public-private partnerships with metro-area communities.
Dilapidated Castleton hotel to be revamped as senior ‘resort’ community
The developer behind the $5.4 million plan to convert Castleton Extended Stay into senior living units is seeking a three-year tax break on the project.
Existing-home sales in central Indiana fall for second straight month
One encouraging sign for future months was pending home sales, which rose 17.1 percent in January.
Developer plans $30M apartment project at former college site downtown
Milhaus’ 175-unit project, dubbed The Grid, will also include a 180-space parking garage and an enclosed outdoor courtyard with kitchen and lounge areas.