![](https://www.ibj.com/wp-content/uploads/2021/11/Rop_HomeSales_112621-300x193.jpg)
U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
Indiana Attorney General Todd Rokita said he will appeal a Marion County judge’s ruling that grants Indianapolis Public Schools an exemption from state law requiring districts to sell closed school buildings to charter schools for $1.
The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
The office-sharing company once seen as a Wall Street darling had promised to upend the way people went to work around the world, but is now seeking Chapter 11 protection.
Store founder Haley Hilts describes the store as “a lifestyle studio where everything you see you can buy.” Even the coffee mugs are for sale.
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.
Indianapolis restaurant Kountry Kitchen Soul Food Place, which closed in January 2020 after a fire destroyed its building, is scheduled to reopen Thursday in a brand new building in the Kennedy-King neighborhood.
The sale of Walker Plaza, which was built in 1989, also clears the way for the center’s leadership to usher in a new plan for the Legacy Center, which is expected to focus on further educating the public about C.J. Walker and her work as a businesswoman and prominent figure in Indianapolis in the early 1900s.
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.
Plans call for the 200-unit project to include a three-story, 150,000-square-foot main building and eight “villa-style” buildings.
Indianapolis marketing and communications agency Well Done Marketing plans to move to a building constructed in 1861 that was once home to businesses operated by well-known interior designer and historic preservationist Sallie Rowland.
City officials have hired an out-of-state firm to create a development plan for the Indiana Avenue corridor, a part of downtown that has seen neighbors push back on recent project proposals.