City issues RFP for redevelopment of Drake apartment property
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
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Haughville housing project, initially opposed by neighbors, moving forward with changes
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.
Indiana attorney general leading tenants-protection movement
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.
Developers plan affordability-minded $25M apartments along Monon Trail
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.
PulteGroup, TWG plan 603-acre development in Noblesville with 1,930 residences
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 renters might get relief from biggest apartment construction boom in decades
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.
Stutz owner retooling plans for 275-unit apartment project
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.
City acquires historic Drake apartments building in $1M deal with museum
The Department of Metropolitan Development plans to convert the eight-story, 95-year-old building on North Meridian Street into affordable housing units.
Apartments, dance group headquarters planned for 42nd and College
In cooperation with city development officials, Midtown Indianapolis Inc. is making headway on a project to create low-cost apartments on both sides of 42nd Street, as well as retail space and a new home for Kids Dance Outreach.
Developer planning 252 apartments on west side of Carmel
The project proposed by Carmel-based REI Real Estate Services calls for 11 two- and three-story apartment buildings along North Michigan Road.
Indiana AG sues owner, manager of Indianapolis apartment complex
The complaint lists problems alleged by seven residents involving repairs that were never made, incorrect bills that caused financial hardship, and general difficulties in contacting and dealing with management.
Many Hoosiers aren’t making enough to afford rent, report finds
Being able to afford rent, according to the report, means spending no more than 30% of your income on housing. With fair market rent for a two-bedroom home at $988 per month, wages are just not keeping up.
Developer moving ahead with revised apartment plan for former school
Chicago-based William Management expects to spend at least $14 million to redevelop the former, century-old school building and build a second structure, with the buildings totaling 70 apartments.
Developer set to spend $51M on apartments, townhouses at Central State site
An Ohio-based firm plans to seek tax credits in its effort to develop dozens of apartments and townhouses on a seven-acre tract of land on the western edge of the Central State Hospital campus in Indianapolis.
TWG plans $17M revamp of Meridian Street apartment tower
The Indianapolis-based company expects to renovate all 96 units in the vacant Grand Meridian apartment building, as well as replace its windows, roofing and other building infrastructure.
Downtown gas station owner planning apartments, retail next door
The owner also wants the city to vacate its right to an alley between the properties, which he says has become a “safe haven for crime and inappropriate and lewd behavior.”
Developer breaks ground on 30-acre senior living community in Noblesville
Plans call for Promenade Trails to include 151 apartments and 59 for-rent cottages for people ages 55 and older. The first cottage residents are expected to begin moving in later this year.
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
City takes next steps to redevelop troubled Towne & Terrace property
The first in a series of demolitions began at the 20-acre site near East 42nd Street and Post Road on Friday. Over the next year and a half, the city plans to acquire more than 150 parcels and relocate residents.
JC Hart plans 313-unit apartment project in busy north-side area
Called Allison Pointe, the project is designated for a 10.5-acre undeveloped parcel in a small commercial park along Allison Lake, a manmade body of water between 82nd Street and I-465.