Local group converting former Phoenix Theatre building into condos
Plans for the historic structure in the downtown Chatham Arch neighborhood call for three condominiums priced at roughly $1.1 million each. Work is set to begin early next month.
Residential Real Estate
Articles
Developers swoon over Broad Ripple High School opportunity
The 16-acre property could command $6 million to $8 million from developers, but a state law might prevent Indianapolis Public Schools from cashing in.
Indianapolis-area builders continue to see rising demand for new homes
Builders in the nine-county area saw the busiest April for permit filings since 2007.
Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart
A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Local developer plans four-story condo project on Mass Ave
Stenz Construction Corp. bought a two-story office building in the Mass Ave District and is seeking to demolish it to make way for the development.
Developer partners with Elwood on $25M residential project on golf course
A developer and the city of Elwood have broken ground on what is expected to be the largest residential development in the community of 8,500 people about 20 miles northeast of Noblesville.
How an Indianapolis family turned Keystone at the Crossing into real estate mecca
The Larmans’ fingerprints are all over Keystone at the Crossing—from The Fashion Mall at Keystone to a recently built $100 million mixed-use development.
Existing-home sales decline in Indianapolis area as inventories plummet
It was the first month sales have fallen since July and only the fourth month they’ve declined on a year-over-year basis in the past 29 months.
Upscale Fishers apartment complex sells for nearly $37M
The 306-unit Flats at Fishers Marketplace complex was the site of a major fire in 2015 that destroyed one of the main buildings.
City releases data trove on abandoned, blighted homes initiative
The “2,000 homes” dashboard—named after a pledge by Mayor Joe Hogsett to “rehab, transform, or demolish” 2,000 homes in two years— allows residents to see addresses of blighted homes, their owners, and the type of city intervention they have received or will receive.
HAND to renovate Lebanon duplexes into affordable apartments
The Noblesville-based not-for-profit known as HAND has announced it will invest $2 million to acquire and renovate 17 duplexes in Lebanon into affordable apartments for low-income residents.
With existing homes almost non-existent, buyers turn to new ones
U.S. homebuyers are now more likely to purchase new than at any time since the 2008 crash. They don’t have a lot of choice.
Longtime Kite Realty CFO Sink stepping down after 20 years
Dan Sink, who helped lead Kite Realty Group Trust through its initial public offering in 2004, plans to step down as chief financial officer, the company announced Monday.
Developer plans 81 town houses, retail for Noblesville
KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.
Ground broken for $24M mixed-use development on Lafayette Road
The real estate project at 3500 Lafayette Road, called the Pyramids at 35 Hundred, is expected to feature 130 independent-living units for seniors and 15,000 square feet of commercial space.
Indianapolis-area home builders see best first quarter in 12 years
Area home builders saw more demand for new homes in the first quarter than they have since 2006, according to a report released Thursday by the Builders Association of Greater Indianapolis.
Momentum for Central State site mounts as homebuilder stakes out $15M project
M/I Homes has plans to build 40 single-family units and 20 town houses on the former hospital campus, bringing even more investment to an area on the mend.