Real Estate Weekly: Oct. 8, 2024
The following information was published in IBJ’s Real Estate Weekly e-newsletter on Oct. 8, 2024.
Real Estate
Articles
Q&A: Carmel native builds company by building community
How has Old Town Design Group consistently grown in spite of real estate market disruptions? And what is its plan for the future? Co-founder Justin Moffett addressed those and other questions.
3rd Shot Pickleball planning indoor facility in Carmel
3rd Shot Pickleball received approval this week from the Carmel Plan Commission’s Residential and Commercial Committee to retrofit a building with 15 courts.
City commission approves abatement for Angi building apartment conversion
Plans for the 180-apartment project also call for an entertainment commercial tenant for 18,000 square feet on the second floor and a white box retail space on the west side of the first floor.
Big Lots adds two local stores to closure list
The discount retailer has added more locations to its closure list since filing for Chapter 11 bankruptcy earlier this month.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Ohio company expands ‘Courtyards’ offerings aimed at 55-plus in northern suburbs
The communities offer ranch-style houses with open floor plans ranging from about 1,500 to 4,000 square feet, individual private courtyards and two-car garages.
Residential Real Estate: Marketplace stats for Sept. 27, 2024
In August, 992 homes were sold or pending in the Indianapolis metro area, according to Rocket Homes. That’s 11.3% fewer than were sold or pending in July.
Two Chicks District Co. store closing in Noblesville
Sunday is planned as the final day of operations at the Two Chicks District Co. store founded by “Good Bones” star Mina Starsiak Hawk.
Indianapolis tax district board taking shape with two more proposed appointments
The Indianapolis City-County Council plans to vote in the coming weeks to add two women to the board that will oversee the management of a new tax focused on improving downtown’s cleanliness, public safety and homelessness situation.
Central Indiana existing-home sales see 6.8% August decline
After experiencing a rare month of rising transactions in July, central Indiana saw another down month for existing-home sales last month, according to the latest data from the MIBOR Realtor Association.
Hendricks County agrees to pay $300K to settle zoning discrimination claims from Muslim group
Hendricks County government also agreed to change its zoning policies to settle allegations that it violated federal laws by denying zoning approval for an Islamic seminary and accompanying housing.
Proposed $250M Noblesville development calls for 650 homes near Morse Reservoir
Morse Village would have 250 high-end single-family houses, 150 town houses, 250 multifamily residences and 30,000 square feet of commercial space and restaurants.
City acquires former women’s prison property in land swap with state
In a deal announced Wednesday, Indianapolis will receive the former Indiana Women’s Prison site on the east side in exchange for a portion of Sherman Park and property that is home to the Indianapolis Animal Care Services municipal animal shelter.
Noblesville to build police station at former Firestone factory site
The new station for the Noblesville Police Department will be constructed at 1700 Division St., where a Firestone Tire and Rubber Co. used to operate for more than seven decades.
Toy Pit collectibles store plans move to 38th and College
The Toy Pit, founded by Fort Wayne native Mike Schott, sells collectibles and toys dating from the 1970s to the present.
United Art and Education store exits Castleton after nearly 30 years in business
An Indiana-based art and classroom supply company that had two Indianapolis retail outlets at the beginning of 2024 now has zero.
Surack buys downtown Indy hotel to put damper on Hogsett’s plans for heliport
Billionaire Chuck Surack’s real estate purchases are intended to discourage Mayor Joe Hogsett’s administration from disposing of the Indianapolis Downtown Heliport so the property could be used to build a soccer stadium.
Reimagined Pleasant Street has been 44 years in the making
In total, the $113 million, three-phase Reimagine Pleasant Street project involves extending, realigning and expanding Pleasant Street into a 2-1/2-mile corridor from State Road 32 to just west of State Road 37.
Four Finger Distillery announces exit from Fletcher Place building
Four Finger Distillery, which has locations in Westfield and Lebanon, cites a decision by building’s owner for its upcoming Fletcher Place exit.