Condos make comeback amid apartment boom
Several projects are in the works—a push led mainly by local developer Onyx+East, which plans to begin construction this year on nearly 150 units, 90 of which are in or near downtown.
Construction
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Downtown’s south end poised for construction projects
A $17 million hotel should break ground in April, while plans for a parking garage could be followed by the construction of two office buildings that would cater to growing tech companies.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Developer blazes trail with market-rate homes at Central State
But South Bend-based Holladay Properties is about to test the demand for new housing priced in the $200,000 range on the former campus of the west-side Central State Hospital.
Officials still evaluating Interstate 69 completion schedule
While progress is being made on the Interstate 69 project south of Indianapolis, noncommittal answers about the project's completion have government officials frustrated.
Whitestown sees spike in single-family home permits
The Boone County town has a population about a quarter the size of neighbor Zionsville, but new single-family housing permits filed for Whitestown have outpaced Zionsville’s since 2014.
Community Health demolishing, rebuilding East hospital
The wrecking ball is busy at Community Hospital East, knocking down one building after another, as workers ready the site for a brand-new, $175 million hospital.
Chicago-area developer jumps into Indianapolis market
Molto Properties has purchased 47 acres in the AmeriPlex business park and plans to construct a 620,000-square-foot industrial building before landing a tenant.
Westfield schools plan May referendum to pay for construction projects
The district’s school board voted Tuesday to have a special election May 2 to ask residents for a tax hike to raise $90 million.
Pence extends minimum energy standards for buildings
The outgoing governor was set to let the rules expire on Jan. 1. A Department of Homeland Security spokesman says new outdoor stage rules are also in the works.
Long-discussed Penrose on Mass project clears major hurdle
The development partnership for the project has acquired a half-block site and will begin demolition of a former fire station and headquarters in early January.
2016 TOP STORIES: Development boom hits Carmel, Westfield
Massive real estate developments continued to roll into Hamilton County in 2016, especially in Carmel and Westfield.
Pence could leave state with no energy standards for buildings
Critics say the absence of standards could have negative results for Hoosiers’ energy bills and lead to a “slumlord’s dream” scenario.
Fishers neighborhood to be razed for massive ‘culinary’ development
A 17-acre project called The Yard would be located next to Ikea and include numerous lots for restaurants, a culinary incubator and possibly a dinner theater. It could cost $40 million to $60 million to develop.
Developer betting on smaller warehouses to meet industrial demand
RAS Development broke ground Monday on a 64,000-square-foot distribution center on the northwest side and could build two more that would be similar in size.
Noblesville pushes to diversify housing
A housing analysis the city recently commissioned identified a gap between single-family homes and multifamily apartments–few townhomes, condos, cottages and duplexes in dense, walkable areas.
Area office market set to end year on high note
Occupancy rates and asking rents are among the key indicators that continue to improve.
Indiana contractor accused of defrauding Iowa woman
Investigators say Shawn Bolduc Jr., doing business as American Construction of Indianapolis, pressured the elderly woman into giving him several checks totaling about $50,000 for home repair work that should have cost only a fraction of that.
Carmel’s Midtown project finds its momentum
It took nearly two years to finalize design and financing for the first phase of Midtown, but its developer predicts that other components will fall into place quickly now that construction has started.
UPDATE: Johnson Memorial plans $42M overhaul of Franklin campus
In the largest project in its history, Johnson Memorial plans to demolish its old hospital building and construct two new health care facilities.