After failing to make a significant dent in the problem over the last decade, state and federal lawmakers across the U.S. are making housing a priority in 2024 and throwing the kitchen sink at the issue.
The agreement between J.C. Hart Co. and residents of the Oxbow Estates and Spirit Lake condominiums cleared the way for the City-County Council to unanimously approve a rezoning of the former Willows Event Center property.
Brown Capital Group and Strategic Capital Partners previously partnered to develop Greenview Apartments, a 216-unit development adjacent to the future site of The Grove.
The Republican-controlled Indiana House Ways and Means Committee voted to advance a bill that would repeal the economic enhancement district that Democrat-controlled Indianapolis city government approved last month. The committee chairman offered a new Marion County income tax as an alternative.
The majority of people who testified about the bill were against it, arguing that it would undo the work of corporate and civic leaders to boost perceptions of downtown in the aftermath of the pandemic and the 2020 protests for racial justice.
Active-adult communities are rental properties that can include apartments, cottages or villas targeted toward seniors who do not require medical care and want recreational activities and chances to socialize with people in their peer group.
The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.
Bridges Townhomes on the east side, Grand Meridian on the near-north side and Richardson Townhomes at the Central State Hospital campus each received tax credits as part of the 9% Low-Income Housing Tax Credit program for 2024.
Eric Garrett grew up in Evansville below the poverty line. In the latest edition of the IBJ Podcast, he discusses launching The Garrett Cos. from a barn in his backyard in Greenwood and the strategy that created the 37th largest private company in Indiana in less than 10 years.
A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.
The Stella, when completed, will provide 166 new, mixed-income housing units and retail space in the 1800 block of North Meridian Street. A groundbreaking for the project took place Wednesday.
As proposed, the project would consist of street-level commercial spaces and upscale three-bedroom, three-bathroom apartments on the second floor.
A Greenfield-based developer plans to demolish the former Stadium Tavern to make way for a four-story apartment building.
The request for proposals requires bids to include an offer of more than $1 million for the property and to fulfill federal Community Development Block Grant parameters
Earlier this month, more than a dozen Haughville residents who live near the project held a press conference to express frustration with Buckingham Foundation’s decision to move forward with the project despite their misgivings.
Republican state lawmakers have long resisted taking up legislation strengthening tenants’ legal rights, making Todd Rokita an outlier at the state level—but a possible ally for advocates who’ve struggled to advance such changes.
The development partners, operating as DJ BCG Monon 22 LLC, have the land under contract from the Indianapolis Neighborhood Housing Partnership, which acquired the site in February 2022 for $2.25 million.
Noblesville Economic Development Director Andrew Murray told the council that the developers plan to invest $475 million in the project, which is expected to have a $700 million market value when completed.
Some economists project U.S. rents will be down modestly this year after soaring nearly 25% over the past four years, but the trend will likely be little comfort for many U.S. renters.
The rethought 2.4-acre Stutz II project is now expected to consist of two new structures and the reuse of an existing three-story office building.
