Developer of $37M downtown apartment project seeks new construction schedule
Investment Property Advisors needs the adjustment to still qualify for a property-tax abatement tied to a second phase to its 9 on Canal apartment project.
Residential Real Estate
Articles
Northeast-side apartment complex fetches $30.2 million
A Nashville, Tennessee-based company has acquired the 398-unit complex in Castleton and plans to invest $4.7 million in the property.
Former Estridge Homes controller sentenced to 21 months in prison
Thomas Carter of Fishers had pleaded guilty to diverting more than $340,000 of company money into his own bank accounts.
Area home sales increase amid rising prices, lower inventory
Sales have risen on a year-over-year basis in 18 of the last 20 months.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Area home builders continue to see rising demand
Home builders filed 653 single-family construction permits in the nine-county area in June—the busiest month since August 2007, when 722 permits were filed.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Investor’s IRA helping to house down-and-out veterans
Using a self-directed Roth IRA account, John Gremling buys and sells property to rent out to tenants, including veterans seeking help from groups like Hoosier Veterans Assistance Foundation of Indiana.
Noblesville simplifying home-design approvals after frequent waivers fuel aesthetic concerns
Since the Hamilton County seat created its Architectural Review Board in 2001, it has granted more than 500 waivers to deviate from its architectural standards.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Existing home sales in area slide as inventory shrinks, prices rise
Existing-home sales in central Indiana fell 3 percent in May, marking only the second monthly decline in the past 19 months.
Mansion formerly owned by fraudster Durham on market for $3.5M
The 14,480-square-foot home was once a party pad for the infamous financier. The Fishers couple who bought it in 2015 is now selling after making several improvements.
Residential Real Estate: Marketplace for June 26, 2017
The number of active listings in the metro area has inched up—but not nearly enough to eliminate the seller’s market that now exists.
St. Clair Place neighborhood aims to mix it up
Most of the homes not-for-profit NEAR develops in the area are priced below market and sold to lower-income buyers. But it has constructed a handful of houses aimed at market-rate buyers, demonstrating the faith it and other builders have in the neighborhood.
HOME TOUR: Creating a ‘mini Europe’ in Carmel
Jane and Terry Fleck wanted to create a respite with Old World charm and a formal garden.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
$10M proposal adds to Broad Ripple apartment boom
The project, from local developer Zinkan & Barker Development Co., would feature up to 35 apartments and 7,000 square feet of ground-floor retail on the one-acre property now home to a billboard and small retail building on the east end of Broad Ripple Avenue.
Indianapolis-area home construction permits hit 10-year high
Filings to build new homes in central Indiana hit their highest monthly level in nearly 10 years last month, according to the latest numbers from the Builders Association of Greater Indianapolis.