Equicor developing Reagan Park extension
Equicor Real Estate LLC’s plans call for 165 single-family homes to be constructed by CalAtlantic Homes of Indiana, as well as 98 senior apartments and 40 assisted-living units.
Apartments
Articles
Apartment developer Milhaus lands $245M in equity investments
Milhaus said the capital infusion will help fuel its plan to build thousands of units over the next few years while retaining most of its existing portfolio.
After overcoming abundance of obstacles, 360 Market Square nears completion
The $120 million building will become yet another signature structure in the new Market East district, a section of downtown that until recently featured a sea of parking lots and ramshackle buildings.
Developer sets upscale rents for 27-story apartment tower downtown
Although the largest units in 360 Market Square will top out at more than $2,000 a month, the rates compare favorably with other new downtown projects, according to one apartment expert.
Local firm pays $34M for two downtown apartment properties
Birge & Held snatched the Maxwell and Mozzo buildings out of Milhaus Development’s apartment portfolio, which has been on the market since February.
Bottleworks project on Mass Ave to feature food hall
The developer of the massive $260 million project is planning for space to host a broad mix of vendors, ranging from seafood purveyors and fruit-and-vegetable stands to restaurants of various sizes.
Holdfolio purchases second apartment complex
Holdfolio paid $1.4 million to purchase the 50-unit Terrace Park Apartments at 2314 Main St.
Local apartment developer makes Inc.’s fast-growing list
The Garrett Cos. posted revenue in 2016 of $43 million, a more-than-2,000-percent increase from the previous year, helping the developer rise from 623rd in 2016 to 210th this year.
Ford plant redevelopment may get even bigger
TWG’s plans for the near-east side could extend beyond the century-old Ford plant to include the adjacent building to the east that houses Ivy Tech Community College’s automotive program.
Developer of $37M downtown apartment project seeks new construction schedule
Investment Property Advisors needs the adjustment to still qualify for a property-tax abatement tied to a second phase to its 9 on Canal apartment project.
Northeast-side apartment complex fetches $30.2 million
A Nashville, Tennessee-based company has acquired the 398-unit complex in Castleton and plans to invest $4.7 million in the property.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Investor’s IRA helping to house down-and-out veterans
Using a self-directed Roth IRA account, John Gremling buys and sells property to rent out to tenants, including veterans seeking help from groups like Hoosier Veterans Assistance Foundation of Indiana.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
$10M proposal adds to Broad Ripple apartment boom
The project, from local developer Zinkan & Barker Development Co., would feature up to 35 apartments and 7,000 square feet of ground-floor retail on the one-acre property now home to a billboard and small retail building on the east end of Broad Ripple Avenue.
City council acts to close loopholes in landlord registry system
The city of Indianapolis is hoping to get derelict property owners into shape with new changes to its landlord registry.