City poised to offer $1.6M to acquire troubled Oaktree Apartments
The abandoned, 336-unit complex “presents considerable safety and security challenges” for its surrounding neighborhood, according to the city.
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Local apartment brokerage Tikijian Associates bought by Cushman & Wakefield
George Tikijian, who founded the company in 2005, said the deal was finalized Thursday following several months of internal deliberation.
Proposed Fishers workforce housing project misses out on tax credits
RealAmerica Development LLC’s plan to build 70 income-based apartments in downtown Fishers has been passed over for housing tax credits that would have helped finance the project.
Metro apartment boom continues as rents keep rising
Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.
Coil Apartments in Broad Ripple sold for more than $40 million
A Chicago-based private-equity firm acquired the grocery-anchored 151-unit complex from a partnership consisting of developers Browning Investments and Sheehan Construction Co.
Vote postponed on controversial Broad Ripple apartment project
The developer of a proposed 164-unit apartment complex in the heart of Broad Ripple said it would consider going back to the drawing board in an effort to get the blessing of some area residents who have concerns about the project.
Developer spending $15M to build senior villas on 86th Street
A senior housing community east of the St. Vincent Hospital campus is expected to undergo a major expansion over the next year that will add several dozen independent-living residences.
Area’s largest apartment complex sold in five-property deal worth $121 million
The new owners have renamed the five Indianapolis-area properties and plan to spend at least $29 million on renovations and upgrades.
Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
Projects nibble at Hamilton County’s affordability problem
Projects underway in Fishers, Westfield and Noblesville are aimed at addressing the lack of housing options for low- and middle-income earners in Hamilton County, but they will only make a dent.
Shore Acres apartment complex by Broad Ripple set to expand
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Apartment developer Milhaus buys former Harrison College property for $6.3M
The developer says it had agreed to let the college continue to operate on the site for three years before the surprise news last week that it was shutting its doors for good.
Developer plans $11M apartment project on city’s east side
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
Pulte plans 460-acre residential project in Noblesville
Parkside at Finch Creek would be designed for as many as 1,500 new housing units, including homes for empty-nesters, apartments and senior-care facilities.
Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
Apartment market holding up, despite deluge of projects
Milhaus President Jeremy Stephenson, a panelist at IBJ's Commercial Real Estate Power Breakfast on Wednesday, said job growth and millennials' tendency to put off marriage are helping to support the downtown apartment market.
Developer proposes income-based senior apartments for Fishers
If approved by the city, site work would begin in early spring 2019, with construction starting shortly after.
Big seniors-only apartment complex slated for north-side neighborhood
Sandwiched between homes to the south and commercial development to the north, the $19 million proposed project sparked concerns from nearby residents about its height and density, as well as its impact on drainage and traffic.
Longtime Indianapolis Housing Agency leader announces retirement
Rufus “Bud” Myers is retiring as executive director of the Indianapolis Housing Agency after nearly 18 years in the position, the IHA announced Wednesday.
Husband-and-wife team rehabbing former hospital as apartment building
Justin Stuehrenberg and Katherine Bannon bought the 77-year-old brick edifice in the emerging Bates-Hendricks neighborhood for a song and completely gutted it. The new apartments will be available for lease next month.