Developer tries ‘pocket’ neighborhood in Carmel
A veteran local homebuilder is tearing up the suburban residential playbook with a new project in Carmel that offers tightly spaced bungalows clustered around grassy courtyards.
Residential Real Estate
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Bush Stadium rehab is Watson’s latest creative project
Longtime Indianapolis developer launches spirited attempt to save baseball palace.
Home sales pick up for second straight month
Sales agreements climbed to 1,967 last month, up from 1,694 in June 2010, according to a report released Tuesday by F.C. Tucker Co.
Local homeowners trying to cash in on Super Bowl
The approach of the 2012 Super Bowl has prompted some Indianapolis-area property owners to start looking for a chance to lease their homes and condos for the big game.
Carrier to invest $36.5M in local plant, create 276 jobs
Carrier Corp. has spent $32 million to upgrade equipment in Indianapolis and plans to invest another $36.5 million to start a second production line, creating 276 jobs at the plant. The company is seeking a tax abatement to help offset the costs.
Lender’s suit says homebuilder owes $12.8M on loans
M&I Bank filed the suit against J. Greg Allen, charging he defaulted on two loans he took out to buy 73 acres of land on the northeast corner of Emerson Avenue and County Line Road on Indianapolis’ south side.
Local developer ready to start $18M project
Indianapolis-based Buckingham Cos. is expected to start construction this summer on an $18 million, 146-unit apartment building in downtown Columbus.
Quail Run Apartments in Zionsville changes hands
Richmond, Va.-based McCann Realty Partners LLC bought the 166-unit complex with a $9.25 million loan. The sale marks the second time Quail Run has changed ownership in the past two years.
Housing agency breaking ground on $30M Lugar Tower project
The project includes renovations to the 15-story apartment building in downtown Indianapolis, as well as the construction of two mixed-income buildings containing a total of 74 units at its base.
Owner of several properties south of Mass Ave starts to divest
The pending sale of two historic buildings and a vacant lot just south of Massachusetts Avenue is the first of what could be several deals in the area as one of its largest property owners begins to divest its holdings.
Carmel home is not-your-average caddy shack
Mike and Sally Kerr can see directly to the past as they walk around their Southern plantation-style residence built completely around the walls of Woodland Country Club’s original club house.
Startup takes on abandoned homes in Indianapolis
Indianapolis is in the early stages of expanding the practice of land banks, which allow government agencies and not-for-profits to take over tax-foreclosed properties and put them back into productive use,. Land banks have shown positive results in states such as Michigan and Ohio.
Home builders close after alleged embezzlement scheme
Two prominent area home builders have ceased operations after owner J. Greg Allen filed suit against two longtime executives, alleging they've been stealing from the companies for years.
MARR: Farewell to a long list of great colleagues and mentors
Six people were key mentors and associates during real estate career in Indianapolis.
16 Park project helping to transform Indianapolis neighborhood
The first building of a new complex on near-north side is set to be completed in August
Chambers quietly built Buckingham into real estate colossus
The North of South mixed-use project in downtown Indianapolis is just the latest development for Brad Chambers, who started out in the landscaping business.
$100M ‘Bridges’ project in Carmel wins approval
A proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was OK’d Monday night by the Carmel City Council after numerous concessions.
Developer puts Cosmopolitan complex on block
The Cosmopolitan on the Canal, a 218-unit upscale apartment complex in downtown Indianapolis that cost more than $33 million to build, has been put on the market by Flaherty & Collins Properties.
Bids opened for Keystone Towers demolition
Quotes came in way below city’s $2 million budget.
Lender purchases Renaissance Bay in sheriff’s sale
Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.