Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
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Lawsuit claims builder broke handicapped rights
The suit against SC Bodner Co. says 16 Bodner properties in eight states violate the Fair Housing Act.
Deadline approaches for Richelieu offers
John Jacobs and a Cleveland-based partner have put a Friday deadline on offers for the 62-unit Richelieu apartments, a two-building
property at the intersection of North and East streets and Mass Ave.
Van Rooy sweeps national maintenance ‘Olympics’
Three of the local firm’s employees beat 3,000 contestants nationwide at a competition in New Orleans.
Westfield’s proposed Symphony development under review
The Westfield planning commission has asked city employees to further review the 1,400-acre mixed-use project that could include
thousands of homes, shops, a YMCA and a baseball stadium.
PNC foreclosing on Janus Lofts building
Pittsburgh-based PNC Bank has filed to foreclose on the historic five-story Janus Lofts building at 240 S. Meridian St.
Westfield residents to hear plans for $1B development
The Estridge Cos., a Carmel-based home builder, will present details of the massive project—mixing condos, apartments
and retail with a $15 million stadium—at a public hearing
Monday evening.
Long-vacant Washington Street buildings headed for revival
Workers are restoring facades on two empty buildings along Washington Street just east of Meridian Street as part
of
a
retail
and residential redevelopment.
Group plans reuse of historic former elementary school
A former elementary school built in 1905 is getting a new use for the second time since the last schoolchildren departed
in 1979.
Lawrence Village inks J.C. Hart deal, seeks retail developer
The Fort Harrison Reuse Authority has approved the sale of a 6.6-acre site to Carmel-based J.C. Hart Co. for development of a 217-unit apartment community.
New monthly event aims to recruit downtown residents
Indianapolis Downtown Inc. is launching a new monthly event to encourage more people to live downtown just as real estate
brokers say interest in available homes is picking up.
Prosecutor drops arson charges in Cosmopolitan fire
Homeless man Brandon Burns had been accused of setting the massive blaze.
Apartment sellers testing market again
Several apartment properties are back on the market as owners try to appeal to private investors looking for deals before higher interest rates and inflation dampen their enthusiasm.
Mass Ave project adds garage, wins approval
Work could begin this fall on $10 million Trail Side complex.
Mass Ave project on verge of approval
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
Work begins on Penn Arts apartment, retail project
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
Local firm’s Carolina development slides into bankruptcy
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
Lugar Tower project delayed by lack of tax credits
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
Receivership business picks up for property managers
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
Former Summit House apartment tower sold
The landmark apartment building at 38th and Meridian streets formerly known as Summit House has been purchased by a pair of Chicago investors who plan to invest “a significant amount of capital” into the 20-story tower.