Developer soars with ‘special needs’ housing niche
Gary Hobbs and his wife, Lori, have built BWI LLC into a fast-growing developer of affordable housing with 48 employees and more than $10 million in annual revenue.
Apartments
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Former downtown eyesore attracting tenants following major rehab
A 32-unit apartment project on Capitol Avenue, formerly known as the Di Rimini, is leasing up as new ownership finishes fixing all the flaws.
Local not-for-profit buying bulk of Zender apartment portfolio
Merchants Affordable Housing Corp. plans to spend at least $30 million to buy and rehab 10 buildings, most of them north of downtown.
Flaherty shopping stake in Axis development
Flaherty & Collins Properties already is selling a stake in its brand new downtown Axis at Block 400 apartment development to cover expensive cost overruns on the project.
Developer plans $11M apartment project near state fairgrounds
BWI LLC has purchased an industrial property near Fall Creek Parkway and East 38th Street and plans to convert the building into 49 affordable and market-rate units.
$32M student housing project proposed near White River
Annex Student Living LLC wants to build a six-story, 248-unit apartment building along West 10th Street on a four-acre parcel the company has agreed to buy.
More Americans spending at least half their pay on housing
The Great Recession caused waves of foreclosures and layoffs that pushed more Americans into renting. More than 36 percent of people now rent, compared with 31 percent before the recession began in late 2007.
Developer to tear down former Star headquarters
TWG Development LLC has abandoned plans to save most of the headquarters after deciding that renovating the oddly configured structure would be too difficult.
U.S. homebuilders have best year since 2005
For all of 2014, U.S. builders started construction on 1.01 million new homes and apartments. It was the first time construction has topped 1 million since the height of the housing boom in 2005.
Fire tears through $35M Fishers apartment project
Hamilton County firefighters battled a major blaze Tuesday morning that spread through a $35 million apartment complex that's under construction in Fishers at State Road 37 and 131st Street.
Apartment construction shows no sign of slowing
Apartment construction downtown and on the north side continued its rapid pace in 2014 as occupancy remained strong.
Section 8 proposal angers Indianapolis landlords
Advocates for low-income housing are clashing with Indianapolis landlords over a proposal that would make it illegal to reject tenants solely because they use government subsidies to pay their rent.
Flaherty & Collins plans Kokomo apartments aimed at commuters
The Indianapolis-based developer has attracted city and state subsidies to build an upscale apartment development in Kokomo that will cost more than $20 million.
Fishers group snags $2.4M grant for assisted living project
The federal funding will enable AHEPA to convert 24 of 74 units at an area apartment complex into assisted-living housing for low-income disabled seniors.
Milhaus redeveloping Fletcher Place building for HQ
The apartment developer will spend $2.5 million to rehab the vacant building along Virginia Avenue as part of a project that will include 2,400 square feet of retail space.
Broad Ripple project gets green light from court decision
The developers of the $30 million apartment-and-retail project on the Central Canal are prepared to move forward now that the Indiana Court of Appeals has dismissed a challenge to the development.
Carmel council OKs $3.8M bond for luxury apartment project
Keystone Realty Group’s $30 million The Olivia on Main apartment project cleared a major final hurdle Monday, when Carmel City Council unanimously agreed to issue $3.8 million in low-interest bonds to help prepare the five-acre site for construction.
Indianapolis apartment boom, design bust?
Observers question architectural creativity, quality of materials in some new downtown apartments.
$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
Developer plans $9.1M project on Fountain Square parking lot
City officials have selected Deylen Realty’s proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.