Developer looks to build 400 homes near LEAP district in Lebanon
The proposal calls for Spring Creek to be divided into four areas that include 170 single-family houses, 130 duplex units, 100 townhouses and 25 acres of commercial space.
Residential Real Estate
Articles
Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
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.
Townhouse complex planned near Lucas Oil Stadium amid Old Southside recovery
Meridian Enclave would consist of 16 townhouses spread across four buildings all in the same block, southeast of the intersection of Sycamore and Charles streets. In addition, the developer plans to rehabilitate two adjacent homes.
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.
Area residential builders see 15th straight month of falling permits
Demand for new houses in central Indiana continued to lag last year’s pace in March, but longtime housing hotbed Hamilton County broke out of its recent slump.
Supreme Court seems to favor woman who got $0 in condo sale
The court seems likely to give a 94-year-old woman another day in court to try to recoup some money after the county sold her condominium over a small unpaid tax bill and then kept all of the $40,000 proceeds.
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.
Affordable housing firm T&H building $36M project on former Central State campus
The Plaza at Central Greens project will comprise five buildings, including three apartment structures with 117 units, an amenity center and a retail building.
Indianapolis relaunches rental assistance program
The IndyRent application will reopen Thursday, April 27, with some new changes to the requirements and application process.
Homebuilder proposes 220 new houses along 96th Street in Fishers
The 109-acre Flat Fork development would be divided into eastern and western parcels with 96 lots on 46 acres in one section and 124 lots on 59 acres in the other.
Indy-area home sales slumped in first quarter while prices climbed
The median sales price in the 16-county central Indiana area for the first quarter of this year was $275,000, up 7.9% from $254,000 in the same period of 2022.
Art, furnishings from former DeHaan estate to be sold at auctions
Paintings and furniture from the former Indianapolis estate of late businesswoman Christel DeHaan will be offered at three separate auctions over the next six weeks, according to Chicago-based auction house Hindman. The estate sold last year for a state record $14.5 million.
Developer planning townhouses, duplexes along 146th Street in Carmel
Farmington Hills, Michigan-based Schafer Development LLC is seeking city approval to rezone the land. Pulte Homes of Indiana LLC would be the builder for the 14-acre development.
Area residential builders see 14th straight month of falling permits
The local homebuilding industry continued to see a slump in demand for new houses in central Indiana in February.
Developer looking to build 400-unit apartment complex in Whitestown
The Maddox would include 11 residential buildings on about 33 acres near the intersection of East Whitestown Parkway and Cardinal Lane in Whitestown.
Recent uptick brings some optimism for the residential market
While the volume of sales has fallen off considerably since last year’s red-hot market, the number of days a house stays on the market has dropped in recent weeks—a development that many see as a sign of the market stabilizing.
State’s poorest renters hurt most by affordable housing shortage, report says
Sixty-one percent of Hoosiers in extremely low-income households can’t find an affordable rental, instead spending more than half of their income on housing with little left for food or other necessities, according to a newly released analysis.
Former coal executive’s Evansville mansion has a diamond-like sheen
Steve Chancellor, a well-known Republican donor and coal company executive, has welcomed many of the GOP’s elite to the 33,547-square-foot mansion since it was built in 1997. Now he’s put his palatial home on the market for $8.5 million.
IBJ Podcast: Are apartments the future of downtown Indianapolis?
Joining the podcast this week are apartment market specialist George Tikijian, real estate developer Eric Gershman and Deputy Mayor Scarlett Andrews.