Central Indiana home builders see another uptick in demand
Filings for new homes in central Indiana rose 3 percent in April—marking the 20th monthly increase in demand over the last 24 months.
Residential Real Estate
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Real estate crowdfunding firm graduates to first apartment property
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Westfield council votes against Wood Wind housing plan
Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
Proposed zoning along U.S. 31 in Carmel would allow residential, more retail
The city is considering eliminating the highway’s Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.
Ambrose’s $550M proposal chosen to revamp GM stamping plant site
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.
Butler set to start work on $49M School of Business building
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
Greenwood mayor leads push to turn downtown into residential, retail hub
Mayor Mark Myers, a second-term Republican, hopes to take a page from the playbooks of Carmel and Fishers, which have drawn more residents downtown by creating a commercial and residential hub.
Sales of existing homes in the Indianapolis area jump 19 percent
Existing-home sales in central Indiana soared in March while rising for the 16th month out of the last 17.
Hope floats: North-side plumbing firm rehabbing building for HQ move
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
Neighbors raising money to aid potential buyer of Saddlebrook Golf Course
The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.
Airbnb ban preemption bill in limbo after House vote
Supporters of the bill, which would restrict cities from outright bans on short-term rentals like Airbnbs, have just a few days to bring it up again this year.
Demand for new homes in area rises again after slow month
Demand for new homes in central Indiana bounced back in March after an off month in February.
Westfield panel advances Wood Wind housing development plan
After months of plan revisions and heated discussions, the Westfield Plan Commission on Monday night gave Pulte Homes a nod of support for its controversial 856-home development proposal.
Bill pits affordable housing against property rights
Affordable housing advocates are worried that a bill lawmakers sent to Gov. Eric Holcomb will exacerbate what they say is a shortage of inexpensive options for Hoosier families.
Bill addressing short-term rentals clears Indiana Senate
The Indiana Senate has narrowly backed a proposal attempting to navigate regulations on short-term rentals amid a changing market that now includes companies like Airbnb.
Fate of short-term rentals bill up in air after more changes
Changes made to a short-term rentals bill earlier in the week were erased in the Senate on Wednesday.
Permits might be required for short-term home rentals
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
Residential Real Estate: Marketplace
The mild winter has meant more home sales at the beginning of the year than usual, said F.C. Tucker President Jim Litten.
Retired designer turns two condos into one for penthouse over Mass Ave
It was quite a change, to say the least, from the Jim O’Neils’ previous abode—a large but traditional home on 116th Street.
Female homebuilders find success, despite small numbers
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.