Indianapolis-area home builders see biggest June since 2005
So far this year, 5,710 single-family building permits have been filed in the area, up 46% over the first six months of 2020.
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Rokita sues firms for dangerous conditions at two Indy apartment complexes
The state is taking aim at the firms for “their respective roles in allowing the Fox Club and Lakeside Pointe apartment complexes in Indianapolis to fall into egregious disrepair.”
Sportsman’s Warehouse snares first Indianapolis-area location
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
Incentives for multifamily project approved by council committee
The development, called 1202, would feature 105 units on a 1.1-acre parcel on the near-south side, with at least one-fifth of the units reserved for individuals making up to 80% of the area’s median income.
Developers pitch plans for more than 300 new houses in Fishers
The Fishers City Council reviewed two petitions Monday seeking to rezone a total of 167 acres of farmland to make way for two neighborhoods along Florida Road, between 113th Street and Southeastern Parkway.
Subdivisions push back against home sales to rental firms
At least 200 homeowner groups in central Indiana have modified their subdivision covenants in the past five years to limit rentals—a number that is based on the work of just one law firm.
Q&A: Joanna Wilson steps out of her home kitchen to open Punkin’s Pies
Punkin’s Pies Sweet Treats opened this summer in a hot pink shipping container at The AMP at 16 Tech.
Area existing-home sales, prices escalate while inventories fall
The seller’s market in residential real estate grew even stronger in central Indiana in June, with existing homes selling at a faster pace and buyers spending extra to land properties.
National real estate player Compass enters Indy-area market by landing 23 local agents
The New York City-based residential real estate firm, which went public in April with a $450 million IPO, said the local agents had more than $160 million in 2020 sales volume.
Parks department plans to buy Broad Ripple community center after construction
Indy Parks said Tuesday that it expects to spend more than $20 million to acquire the 40,000-square-foot facility and avoid shelling out nearly $1 million per year as part of a long-term lease agreement.
Real Estate Weekly: News notes, 07/13/21
These news notes appeared in IBJ’s Real Estate Weekly on July 13, 2021.
Developer to start work on Broad Ripple Park community center
Indy Parks is expected to lease at least 25,000 square feet in the building for 30 years.
Crown Liquors eyeing Fountain Square for large, high-end store
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
Furniture retailer L. Fish closing after nearly 70 years in Indianapolis
L. Fish, which has operated a furniture superstore on the east side of Indianapolis for decades, traces its roots to a now-defunct Chicago-based parent company that opened its first store in 1858.
Expanded women’s shelter to offer more beds, more dignity
Wheeler Mission is set to open an expanded center for homeless women and children that will nearly double the space for services, add 160 short- and long-term beds, and enhance programming.
Buy now, pay later appeals to buyers who don’t like credit
The new iteration of an age-old retail concept is gaining traction, particularly with younger consumers, and a growing number of central Indiana retailers are adding the payment option to their websites.
Renovated box factory anchors plans for 40-acre campus in neighborhood dubbed NOMA
Over the last two years, the Stenz Construction Corp., Third Street Ventures and Pure Development have undertaken a $25 million renovation of the former U.S. Corrugated Box Co. building.
Fishers might soon require council OK for new big-box store tenants
The Fishers Plan Commission voted in favor of a proposal Wednesday that would allow the city council to review, approve and set conditions for certain tenants interested in moving into a building with a floor area of 25,000 square feet or greater.
Total Wine & More planning second Indianapolis store
Total Wine & More, a Maryland-based chain of liquor superstores, opened its first Indianapolis location late last year in Nora after winning a high-profile court battle.
Authentic Brands, owner of Forever 21 and Brooks Brothers, files for IPO
Indianapolis-based Simon Property Group Inc. is among Authentic Brands Group’s largest shareholders.