Area builders still seeing rising demand for homes, but pace is slowing
Indianapolis builders saw the smallest monthly increase in applications in the past year in October, and six of the area’s nine counties saw declining permit filings
Residential Real Estate
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Area’s largest apartment complex sold in five-property deal worth $121 million
The new owners have renamed the five Indianapolis-area properties and plan to spend at least $29 million on renovations and upgrades.
Developer eyes mid-2019 for completion of $2M Fall Creek townhouse project
The project by Litz & Eaton Development Co. will add five new, 2,100-square-foot townhomes to the southwest corner of North Delaware Street and Fall Creek Parkway South Drive.
Townhomes planned on former service-station site in Fountain Square
The project is slated for an odd triangular parcel along one of Fountain Square’s main arteries as the neighborhood’s resurgence continues.
Pittman siblings battle over proposed Carmel office project
Developer Steve Pittman’s proposal to build an office building at 106th and Illinois streets is moving forward through the approval process, despite contentious pleas from two of his siblings that the project be reworked.
Developer to revamp 50-year-old, south-side apartment complex
Birge & Held plans to rehabilitate the 304-unit community and target low- and moderate-income renters, who face a shortage of affordable housing.
Central Indiana existing-home market showing signs of weakness
Existing-home sales in central Indiana fell in September, the third month of declining sales out of the last seven, amid subpar home-buying conditions.
Outdoor fireplaces, flex space, technology are hot trends in new homes
Thanks to Pinterest and HGTV, buyers often know just want they want when they are building a new home, experts said.
Area builders stay on hot streak, but study says pace won’t meet demand
A new report from the Builders Association of Greater Indianapolis and MIBOR Realtor Association says builders have a long way to go if they want to keep up with the area’s future demand for new housing.
Projects nibble at Hamilton County’s affordability problem
Projects underway in Fishers, Westfield and Noblesville are aimed at addressing the lack of housing options for low- and middle-income earners in Hamilton County, but they will only make a dent.
Indianapolis-area builders continue to see rising demand for new homes
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
Indianapolis-area home sales jump despite less-than-ideal buying conditions
Housing affordability is at a 10-year low, but home sales are still on the increase in central Indiana.
Bank, restaurant vacating downtown tower as work gears up for new hotel
The street-level retail tenants in One North Penn are preparing to either relocate or close for good as the office building’s transformation gets under way.
Shore Acres apartment complex by Broad Ripple set to expand
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Developer plans $11M apartment project on city’s east side
The project, named Line Lofts, calls for 63 affordable senior apartments on 1.5 acres along Southeastern Avenue. Part of the project will face East Washington Street.
Indianapolis developer plans to move headquarters to Carmel
A multifamily development and management company has filed plans to build a 37,000-square-foot office building in the Meridian Corridor to serve as its new headquarters.
Pulte plans 460-acre residential project in Noblesville
Parkside at Finch Creek would be designed for as many as 1,500 new housing units, including homes for empty-nesters, apartments and senior-care facilities.
Fast-growing Garrett to build $20M Greenwood apartment complex in own back yard
The site for the 180-unit project is somewhat unusual—inside a business park that includes office buildings, a hotel, a Goodwill outlet store and the headquarters of The Garrett Cos.
After reshaping Westfield, Steve Henke plots huge golf community in Zionsville
Holliday Farms likely will take 10 to 12 years to complete, with its value exceeding $550 million.
Builder proposes moderately priced housing project for Westfield
Indiana-based Olthof Homes has filed plans to build 430 new homes in Westfield, including townhouses that would start at $150,000.