Area homebuilders see applications sink for first time this year
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
Residential Real Estate
Articles
Gardening: Duckweed has its positives, negatives for ponds—but can be controlled
Duckweed on a pond helps prevent algae that causes bad-tasting water. It also reduces water evaporation out of ponds helping to conserve water. But it can also reduce oxygen in the water that fish and other aquatic animals need.
Area existing-home sales sank 23% in May as prices hit all-time high
May’s sales decline in the 16-county central Indiana area came on top of a 16.8% year-over-year decrease in April.
Tide turns against Republic Development’s neighborhood project on Carmel’s west side
The Carmel Plan Commission voted 5-4 Monday to give a proposed residential real estate project an unfavorable recommendation after hundreds of residents expressed concern over the addition of commercial development to the plan.
The Art of Design: That old black magic
Black is a color that is stable; it symbolizes order and control. It is sophisticated and authoritative.
Developer plans massive mixed-use project on western edge of Marion County
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
Student housing firms see upside to uncertainty over colleges’ return
With students expected to return to most Indiana college campuses this fall, housing management firms are anticipating a boost to their bottom lines and a renewed interest in off-campus living.
Union 525 investors plan 160-unit downtown apartment project, parking garage
The investor group behind Union 525 is proposing another expansion to the tech incubator’s downtown Indianapolis corporate campus, this time with plans to construct a nine-story apartment building and a 700-space parking garage on an nearby lot.
Westfield council denies Shamrock Apartments proposal as last-minute agenda item
An $18 million apartment-and-retail project proposed near U.S. 31 and Main Street was turned down Monday night after Westfield City Council members debated whether a petition for the project should even be considered.
Design: It might be time to upgrade that temporary home office setup
Realizing this is not as “temporary” a situation as you thought, you might be ready to trade in your metal folding chair for an ergonomic model or treat yourself to a set of new candy-colored Sharpies. Maybe your employer is even offering a stipend for workers in need of home office improvements.
Apartments for low-income families and formerly homeless planned on east side
Englewood Community Development Corp. has partnered with Living Word Baptist Church to redevelop a parcel directly across from the church into a 15-unit apartment community.
Homeowners stopped paying mortgages in record numbers in April
Record unemployment caused by the coronavirus pandemic led to the largest one-month increase in mortgage delinquencies ever recorded.
Developer planning 35 condos, townhomes on near-east side, including church conversion
The Michigan-based firm intends to develop 20 condos and 15 townhomes on parcels near the nexus of the Holy Cross, Arsenal Heights and Woodruff Place neighborhoods.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
IBJ Podcast: The rent is due, and tenants are struggling as unemployment soars
Advocates for both low-income residents and landlords are calling for an emergency rental assistance program that would help tenants cover payments and keep revenue flowing for apartment owners.
Moratorium to protect tenants from eviction—for now
Advocates agree that the federal and state moratoriums are helpful, but say renters will need more help long term. Even one missed rent payment can put low-income residents so far behind they can’t recover.
Developer planning 37 single-family homes on near-north side
Indianapolis-based BWI LLC plans to spend $10 million to create the one- and two-story homes, which low- to moderate-income residents could rent to own.
Developers plan $13M apartment project on Teamsters local site in Fountain Square
Creating the 66-unit apartment project would entail demolishing the two-story, 30,000-square-foot Teamsters building at 1233 Shelby St.
IBJ Podcast: How buying and selling homes has changed in the COVID era
Homes are still selling in central Indiana, even as public officials ask us to severely limit personal contact and any non-essential travel outside the home. How? Agents, buyers and sellers quickly adapted to the new state of affairs.