Indianapolis-area experts see bright spots amid ongoing real estate weakness
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ Power Breakfast.
Apartments
Articles
Downtown praised for ‘livability’ but needs more residents
The past decade has seen roughly 5,000 more residents living downtown than in 2000, wooed by new condos and apartments within walking distance of growing retail and cultural attractions. There are now 25,000 downtown residents—but still a long way from the 40,000 city leaders want by the end of the next decade.
City not impressed with fixes proposed by Di Rimini developer
Developer Jeff Sparks met with city planners Oct. 1 to propose fixes to the apartment project at Capitol Avenue and St. Clair Street.
City halts apartment developer
The Near North Development Corp. asked the city in a Sept. 2 e-mail to compare the renderings for the Di Rimini apartment project at 733 N. Capital Ave. with what was actually taking shape. A week later, the Department of Code Enforcement issued a stop-work order for the project.
Tax caps spread relief around
Property tax caps—promoted as a way to relieve homeowners from skyrocketing property tax bills—have provided much more relief to a different group of taxpayers. Owners of rental properties and second homes got the lion’s share of assistance from the caps.
Developer seeks rezoning for Canal apartments
The city’s Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
Home construction jumps nationally
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
Fishers becomes draw for seniors projects
One skilled-care facility is about to open and another will break ground this month.
Van Rooy buys Greenwood apartment complex
Indianapolis-based company purchases 438-unit Westminster Apartments from court-appointed receiver. The listing price of the property was $8.2 million.
Groundbreaking nears for $4.5M apartment project
The 62-unit project called National Apartments on the Monon is the latest phase of the Martindale on the Monon redevelopment
project, which began in 2005. The developer is Indianapolis-based Development Concepts Inc.
Apartment developer S.C. Bodner sued over accessibility
The National Fair Housing Alliance and two of its member groups allege that Bodner communities in eight states including Indiana violate accessibility requirements of the Fair Housing Act.
Reverie Estate buys another downtown Indianapolis apartment building
The prolific developer of urban apartments plans to turn the building into an affordable artists’ community.
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.