Developer plans $11M apartment project on city’s east side
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
Residential Real Estate
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Indianapolis developer plans to move headquarters to Carmel
A multifamily development and management company has filed plans to build a 37,000-square-foot office building in the Meridian Corridor to serve as its new headquarters.
Pulte plans 460-acre residential project in Noblesville
Parkside at Finch Creek would be designed for as many as 1,500 new housing units, including homes for empty-nesters, apartments and senior-care facilities.
Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
After reshaping Westfield, Steve Henke plots huge golf community in Zionsville
Holliday Farms likely will take 10 to 12 years to complete, with its value exceeding $550 million.
Builder proposes moderately priced housing project for Westfield
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.
Homebuilder snags stables tucked away on north side for subdivision
Westport Homes has made a rare find: 33 acres of largely undeveloped land on West 64th Street in Washington Township. Until July, it was the home of Grandview Stables for more than six decades.
Developer proposes income-based senior apartments for Fishers
If approved by the city, site work would begin in early spring 2019, with construction starting shortly after.
Once a downtown pioneer, developer Keller returns to residential game
Decades ago, J. Scott Keller was a pioneer of the downtown residential real estate scene. Now he’s back, building two modular homes on South Arsenal Avenue with architect Terry Bradbury.
Big seniors-only apartment complex slated for north-side neighborhood
Sandwiched between homes to the south and commercial development to the north, the $19 million proposed project sparked concerns from nearby residents about its height and density, as well as its impact on drainage and traffic.
Homeowner groups step into short-term rental controversy
Airbnb reported that Indiana renters hosted 175,000 guests in 2017, who collectively earned more than $21 million by making their spaces available to travelers. But some homeowner groups want to ban the practice.
Residential Real Estate: Marketplace for August 31, 2018
While the number of homes for sale has crept up through the summer, the available inventory still lags last year significantly.
All-Star Real Estate Agents: The Indy area’s top teams and solo sellers
Three longtime high performers retain the top spots in IBJ’s All-Star team rankings, while Mike Duncan marks 20 years as an agent by topping IBJ’s list of solo stars.
Developers say Stringtown near downtown could become hot spot
Stringtown is surrounded by activity or proposed activity: at IUPUI to the east, 16 Tech to the north, the former Central State Hospital site to the west, and the former GM stamping plant to the south.
Retiree goes modern, spare in Fountain Square home
After scouting around the Fountain Square area for an empty lot on which to build, Mike Wright discovered the work of architect Brian Burtch, principal at Neon Architecture.
Longtime Indianapolis Housing Agency leader announces retirement
Rufus “Bud” Myers is retiring as executive director of the Indianapolis Housing Agency after nearly 18 years in the position, the IHA announced Wednesday.
Husband-and-wife team rehabbing former hospital as apartment building
Justin Stuehrenberg and Katherine Bannon bought the 77-year-old brick edifice in the emerging Bates-Hendricks neighborhood for a song and completely gutted it. The new apartments will be available for lease next month.
Existing-home sales jump 7 percent in Indianapolis area
Sales rebounded in July even though prices continued to rise and inventory continued to shrink.
Lucas estate controversy continues even as formal appeals process ends
Carmel officials say ongoing negotiations with Forrest Lucas regarding his Carmel estate have not been successful. Now, Carmel plans to enforce a zoning ruling that ultimately prohibited some special events.
Interest in new homes surges in Indianapolis area
Area builders saw a big jump in new-home applications in July, especially in Marion, Hancock and Hamilton counties.