Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.
Median home prices in central Indiana reached an all-time high in June amid tighter inventories and fewer new listings.
Applications for home construction fell 13% in central Indiana in June, marking the seventh straight month of declining permit filings.
Peter Dunn talks to guest host Lesley Weidenbener about all things home buying, including mortgages, determining how much house you can afford, why you shouldn’t put down less than 10% and why the idea of starter homes and family homes is silly.
A north-side community group and a locally based development company are partnering on the two-building project slated for the southeast corner of Illinois and 22nd streets.
In a quest to create permanently affordable housing, about 25 Indianapolis community groups and development corporations have formed the Community Land Trust Coalition.
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.
Under a proposed deal, the Boston-based developer of the 11-story project would receive a portion of the increase in property tax revenue generated by the project in order to pay off the bonds.
Indianapolis-based BWI LLC is requesting a city property tax break for the 97-unit development that would save it $1 million over 10 years.
The number of active listings in central Indiana—at 5,077 at the end of February—remains low, although it’s 15 percent higher than at the same time a year ago.
On a year-to-date basis, closed sales of existing homes in the 16-county Indianapolis area are down 3%, to 12,731.
Applications for home construction fell 1% in central Indiana in May, marking the sixth straight month of declining permit filings.
The Fishers City Council on Monday night approved a development agreement between the city and Indianapolis-based Scannell Properties, which has 14 residential parcels under contract south of the Nickel Plate District.
TWG Development could save $1.4 million on the 188-unit Wesmont, named after jazz guitar legend Wes Montgomery. It’s part of the company’s larger redevelopment project south of East 16th Street and east of the Monon Trail.
Real estate agents and local economists said inventories are so sparse that some popular ZIP codes in Arlington and Alexandria show no homes for sale at all.
According to the complaint, First Merchants “engaged in unlawful redlining in Indianapolis by intentionally avoiding predominantly African-American neighborhoods because of the race of the people living in those neighborhoods.”
A Carmel-based developer has reached agreements to acquire 14 homes in a neighborhood along busy 116th Street in Fishers and is planning to redevelop the land.
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
The Zionsville Town Council voted 4-3 Monday night to reject a 184-unit apartment project proposed just south of the town’s quaint downtown village. A vote on the project ended in a deadlock a month ago.
