Federal agents search Ohio home of prominent affordable housing developer
Millennia owns or operates roughly 280 apartment properties, including four affordable properties in Indianapolis.
Apartments
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City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
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Luxury apartment complex at Westfield’s Chatham Hills nears completion
Missouri-based Mia Rose Holdings is developing the 250-unit The James at Chatham Hills on 21 acres in Westfield, marking the company’s entry into central Indiana.
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Lafayette Square Mall owner says revamp moving forward, fleshes out plans for apartments
The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
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Westfield announces plans for $27M downtown redevelopment project
Plans call for Ambrose on Main to feature 87 apartments, 6,000 square feet of plaza and courtyard areas, a 2,000-square-foot rooftop patio, 12,000 square feet of commercial space and a restaurant with outdoor seating.
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Articles
Housing starts ease nationally on decline in multifamily construction
U.S. housing starts slowed in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Holladay Properties plans $21.4M conversion of downtown Angi building
The South Bend-based developer plans to convert the 12-story Angi Inc. headquarters on East Washington Street in downtown Indianapolis into a 180-unit apartment building.
U.S. antitrust case alleges rent collusion enabled by tech firm’s software
The lawsuit is among the Justice Department’s first major enforcement actions in which software is being alleged as the primary means of collusion.
Proposed downtown hotel, residential tower gets new look in latest design
Indianapolis-based TWG Development has overhauled its design for the skyscraping tower planned at 222 N. Alabama St., immediately north of Old City Hall and considered the bulk of the $264 million redevelopment project for the west side of that block.
Carmel City Council questions need for apartments in Proscenium III project
Initial plans for the project include 151 apartments, a 125-room hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
574-unit apartment project planned next to Nora Plaza
Known as Winterton, the project would consist of 574 apartments across two buildings, along with more than 14,000 square feet of retail space and a 756-space interior parking structure.
Biden to unveil plan to cap rents as GOP convention begins
The plan is likely to prove controversial among economists, including many Democrats. Experts on both sides of the aisle tend to argue that government limits on rent discourage new development by making it less lucrative.
McCordsville town center takes shape as community’s population, housing needs grow
Town leaders spent nearly 15 years planning McCord Square, which they envision as a town center for a community that needs a place to gather. Residents are beginning to move into two 111,000-square-foot, four-story apartment buildings called The Jackson and The Lucas.
TWG seeking tax break on $73M apartment complex planned near Lucas Oil Stadium
As part of the request, TWG is pledging to make 41 of the 270 units available to individuals and families making up to 70% of the area’s median income.
Analysis finds growing gap in Indiana’s housing affordability
The findings, from an annual report jointly published by the National Low Income Housing Coalition and Prosperity Indiana concluded that Indiana dropped from 43rd to 34th in terms of affordability between 2021 and 2024.
Timeline firming up for converting Gold Building to apartments as construction costs climb
Last month, city officials and the two developers reached a tentative deal for addressing key elements of the overhaul of downtown’s City Market block, including reskinning the Gold Building and renovating the adjacent Ohio Street parking garage.
Carmel to seek outside funding sources for Monon Square South project
Plans call for the project to cost an estimated $47 million and feature a food hall, community gathering space, office space, apartments and a public parking garage.
Council committee OKs $12M in TIF funds for proposed north-side apartments
Plans call for the project, named Allison Pointe, to be built on a 10.5-acre undeveloped parcel in a small commercial park just south of Interstate 465, north of 82nd Street and west of Allisonville Road, between Castleton and Keystone at the Crossing
Local developer plans 46-unit apartment project near Goose the Market
A local developer plans to spend more than $12 million to build a trio of walk-up style apartment buildings along Delaware Street, just south of Fall Creek.
City-County Council delays housing project vote after complaints against developer
Councilors plan to take a closer look at a proposal after criticism was made against the developer. The Indianapolis-based company has been accused of mismanaging three west-side apartment properties—allegations that it denies.
Felony charges filed against man over unpaid utilities at 4 apartment complexes
The charges are related to a high-profile case in which the landlord of the four affordable apartment properties in Indianapolis collected money from tenants but failed to pay Citizens Energy Group for services from October 2019 to April 2022.
360 Market Square owner seeks additional investors in tower
360 Market Square is among downtown’s most expensive apartment properties, with an average rent of $2,365 per month.
High-end Japanese steakhouse to open north of Monument Circle
The downtown location of Harmony Steakhouse, which is expected to feature modern interior design, will occupy nearly 7,550 square feet on the first floor of the building, as well as 1,200 square feet of patio space.