Developer nearing approval to construct townhomes in downtown Fishers
The 116 Towns project would contain seven buildings, with 31 units ranging from between 2,100 and 2,300 square feet and featuring as many as three bedrooms and bathrooms.
Residential Real Estate
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Contemporary art museum secures new home base in Holy Cross
More than a year after vacating its base of operations in Fountain Square, the Indianapolis Museum of Contemporary Art has landed on a new long-term location on the city’s near-east side.
Milhaus swings creative deal for $16M apartment project in Fountain Square
The plan for the development, slated just east of the neighborhood’s commercial core, required reaching out to property owners on Prospect Street and collaborating with neighborhood officials.
Residential Real Estate: Marketplace for March 30, 2018
Pending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000.
Custom homebuilder expands to downtown condos
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.
City rushes to use $3M to raze abandoned houses
The Hogsett administration is racing against an end-of-year deadline to tear down blighted homes with $3 million it has remaining from a federal grant awarded in 2014 to tackle the problem.
Bricks and beams warm up industrial condo
Jeweler Nick Blum turned the former paint manufacturing plant—which dates to the 1890s—into several upscale condos with industrial details.
Indianapolis-area home sales jump as inventories tighten, prices rise
The total number of active home listings in the region plummeted 19.4 percent, from 8,489 at the end of February 2017 to just 6,845 at the end of last month.
Area home builders have busiest February since 2006
Builders filed 481 single-family construction permits in the nine-county area in February, a 37 percent increase over the 351 permits they filed in 2017.
Flaherty & Collins breaks ground on $41M Kansas City project
The Yards will consist of 232 market-rate apartments, ranging from studios to two-bedroom units, and 3,150 square feet of retail space.
Mainstreet nixes ambitious Arizona plan, terminates at least 70 workers
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
Indiana lawmakers back limits on short-term rental rules
Legislation limiting regulation of short-term rentals by local governments has been approved by Indiana lawmakers and is on its way to Gov. Eric Holcomb's desk.
Developer lands tax credits to help save historic church
The local developer has been awarded nearly $900,000 in incentives for a senior housing project in Cumberland that will be built near the church, which was once slated for demolition.
U.S. consumer confidence rises to highest level since 2000
Tax cuts passed into law last year are starting to show up in workers' paychecks, boosting confidence in the economy to its highest level in more than 17 years.
Developer plans $9.5M town house project near old Milano Inn site
Onyx+East is buying a one-acre lot off of South College Avenue and plans to build eight buildings containing 35 residential units.
Realtor group’s opposition a possible blow to school district’s tax-hike bid
A politically influential group representing real estate agents is taking the rare step of opposing Indianapolis Public Schools’ $725 million proposal to raise property taxes to increase school funding.
Area home builders see big spike in demand in new year
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
Hospital complex costing $1B planned for 96th and Spring Mill
Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have “details to share” at this time.
Developer seeking to add 252 apartments to culinary complex in Fishers
The luxury units would accompany 120,000 square feet of retail and two hotels slated to be built on 17 acres in The Yard along 116th Street east of Interstate 69.
High-end homes enjoy golden sales year
Home sales of $1 million or more in the Indianapolis area have skyrocketed 143 percent since 2012. Last year, nearly 150 such homes were sold, compared to only 61 five years ago.