Devington Plaza task force unveils ideas as residents, developer look for path forward
The neighborhood proposal comes as the group pushes New York-based Skysoar Capital Partners to reconsider its plan for the nearly abandoned site.
Residential Real Estate
Articles
‘Controversial’ housing development at former Westfield tree farm receives approval
The Westfield City Council voted 4-3 to approve an expansion of the Kimblewick residential community that will be built on 87 acres on the city’s southwest side.
Indianapolis property manager sentenced in multimillion-dollar Ponzi scheme
Herbert “Bert” Whalen, 50, pleaded guilty to conspiracy to commit wire fraud for misrepresenting the poor conditions of properties managed by his company, Indianapolis-based Oceanpointe Property Management.
Westfield City Council approves Grand Universe development plan
Plans call for the proposed $1.2 billion development east of Grand Park Sports Campus to include a full-dome planetarium, hotel, retail, offices and multifamily housing.
Longtime builder Davis Homes acquired by Fort Wayne-based investment firm
Indianapolis-based Davis Homes, which has roots dating to the 1950s, is one the largest residential builders in central Indiana.
Lennar Homes receives OK for Carmel development after big changes
Members of the Carmel City Council voted 9-0 to approve the 16-acre Towne 146 Planned Unit Development plan.
Central Indiana homebuilders close out big year with strong December
Central Indiana residential builders saw a surge in demand for new homes as 2024 came to a conclusion, making the year one of the strongest the industry has seen over the past two decades.
Cities seek limits as out-of-state investment firms gobble up homes
Communities across central Indiana are taking notice as out-of-state investment companies continue to increase their market share of single-family houses and convert them to rentals.
Existing home sales in 2024 fell to lowest level in nearly 30 years
Elevated mortgage rates, rising home prices and limited inventory have kept prospective homebuyers out of the market.
Lennar seeks to build active-adult subdivision with 360 houses in rural Whitestown
Plans call for Cardinal Estates to be built on 170 acres south of the Golf Club of Indiana.
Construction begins on $90M CityView apartment, retail building in Fishers
Plans call for CityView to have 191 apartments for residents ages 55 and over, 18,000 square feet of first-floor retail with two restaurant locations and a 325-space parking garage with electric vehicle charging stations.
Developer’s plan for 430-plus homes in rural Zionsville faces opposition
The Reserve at Union Woodlands would cost about $250 million to develop and take up to seven years to build.
South Carolina housing official chosen to lead troubled Indianapolis Housing Agency
Yvonda Bean will join IHA Feb. 17, less than a year after the IHA was placed under federal management.
Existing-home sales in central Indiana finish 2024 with December surge
Closed existing-home sales in the 16-county area rose only slightly from 2023 to 2024 despite a strong finish to the year.
Fishers considering cap on single-family rentals, registration program for landlords
Fishers could become the first Indiana community to cap the percentage of single-family rental houses in the city’s subdivisions.
IBJ Podcast: Inside the mind of a rising Indy apartment developer
After five years with Indianapolis-based Birge & Held, Jarod Brown decided he wanted a business with his name on the door. For his HQ, he bought the former Broad Ripple Library.
Town houses provide chance to fill ‘missing middle’
The typically two-, three- or four-story residence that ranges in size from 1,800 to 2,300 square feet and shares a wall with a neighbor often appeals to people looking for a less-costly option than a single-family home or to people looking to downsize.
Former F.C. Tucker Co. leader Fred Tucker III dies at 78
Frederick C. “Fred” Tucker III led the F.C. Tucker Co. for a quarter-century and served on numerous business and civic boards.
Justice Department accuses six major landlords of scheming to keep rents high
The complaint alleges the landlords participated in an unlawful scheme to decrease competition among landlords in apartment pricing, harming millions of American renters.
Average rate on 30-year U.S. mortgages hits highest mark since July
Interest rates have been climbing since the Federal Reserve signaled last month that it expects to cut its benchmark rate just twice this year, down from the four cuts it forecast in September.