The rents are expected to come in below market rate and fall into a category often called workforce housing—prices that exceed certain lower-income thresholds but are still reasonable for those living and working in the area.
Multiple retailers, restaurants and other businesses and organizations recently opened or began planning new locations in the north suburbs of Indianapolis. Here’s a look.
Indianapolis-based ALK Development LLC plans to spend $10 million to restore the 3060 N. Meridian St. building, currently owned by the city, to a 27-unit housing facility focused on seniors.
After launching the $120M Intercontinental Hotel across the street earlier this year, Keystone Group intends to collaborate with local and state officials to determine a long-term strategy for the former Anthem HQ.
The university’s early concepts for the site call for 16 buildings ranging from five to about 20 stories, as well as a handful of others on the east side of West Street, the eight-lane roadway that separates the campus from the rest of downtown.
The project imagined by Tom Huston and George Sweet turned 760 acres of farmland on Carmel’s west side into a quaint community that mimics small-town life in the late 19th and early 20th centuries.
Indianapolis-based New City Development is planning apartments, townhomes, a nonprofit headquarters and retail space to accompany the 190,000-square-foot office building already on the property.
The Purdue University Board of Trustees on Friday unanimously approved a 50-year master plan for the school’s downtown campus that proposes more than a dozen buildings across 28 acres.
AT&T’s exit from the building’s top three floors with the expiration of its lease on May 31 clears a path for Keystone Group to add more luxury apartments in the $124 million project.
The redevelopment of the art deco-style building would convert floors four through 14 into hotel rooms, with the first three floors remaining retail and office space.
Reconstruction and widening of State Road 32 through town, a project that was in the works for year, finally started in April; it’s expected to last through at least 2026.
Mills on Main would include 10 three-story apartment buildings, six one-story garages, one 3,250-square-foot amenity building and outdoor pickleball courts.
The BAM Cos., which is on the Fast 25 for the fourth time, now owns 9,000 apartments in Indiana and across the Midwest, and it’s about to open its fifth fund to let people invest in building the company’s portfolio.
