Plan to house homeless off to slow start
It’s been more than two years since the city and state chose four developers to build 500 affordable housing units—including some reserved for people experiencing homelessness.
Residential Real Estate
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East Coast firm looks to build apartment complex for ‘active’ seniors in Noblesville
Washington, D.C.-based Capitol Seniors Housing plans to make its Indiana debut by building 172-unit apartment complex next to Hamilton Town Center.
West-side apartment complex sells for $32.8M
The Astoria Park Apartments complex, 3640 Beluga Lane, was bought by Besyata Investment Group, according to the Indianapolis multifamily division of Chicago-based Cushman & Wakefield, which brokered the sale.
Unexpected slow November snaps second-half surge in home-building activity
Applications for home construction fell 15 percent in November, which means Indianapolis-area builders will need a huge December to match 2018’s numbers.
Fishers City Council delays decision on $17M apartment proposal along SR 37
Florida-based Regency Windsor Capital Inc. is petitioning the city to rezone a 5.33-acre parcel just east of SR 37 and south of 141st Street so it can expand the existing Woods of Britton apartment complex with two new buildings.
Merged not-for-profit group to push redevelopment out to townships
Renew Indianapolis will merge with the King Park Development Corp. on Jan. 1.
Developer plans apartments at Central State for low-income residents, homeless
Chicago-based Mercy Housing and Missouri-based MACO Development Co. plan to build the $25.6 million, 156-unit apartment complex at 3355 Kirkbride Way on the west side of Indianapolis.
Area existing-home sales tick up for second straight month
Sales are still down in the area on a year-to-date basis amid tight inventories and rising prices.
Area home builders continue to see late-year surge in demand
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.
Litz & Eaton co-founder facing three lawsuits, including one from his former partner
Brad Litz, who created Litz & Eaton in 2011 is facing multiple lawsuits from a lender and one form his former partner, John Eaton,
Arbor Homes expands into Louisville market with acquisition
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
Condos are in the works for Carmel’s central core
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Area existing-home sales tick up amid declining inventories
Sales of existing single-family homes rose 1.8% in central Indiana in September—only the second month of increased sales this year on a year-over-year basis.
Indianapolis-area home builders seeing late-year surge in demand
Applications for home construction in the nine-county area have risen three months in a row following seven straight months of declines.
More than 360 homes planned for two subdivisions on southeast side of Indy
Indianapolis-based Westport Homes Inc. plans to ask the city’s Metropolitan Development Commission for approval to rezone two tracts of land for two subdivisions totaling 155 acres.
Report links high rent burdens, homelessness in Indianapolis
Marion County has a much higher percentage of households than the rest of the state that rent their homes instead of owning them, according to a report issued this week by the Indiana University Public Policy Institute.
Residential real estate developer Onyx+East hires new chief executive
Kelli Lawrence had been a principal partner at Indianapolis-based multifamily development firm Cityscape Residential for the past six years.