Report finds affordable apartments out of reach for many area workers
The Indiana data is less bleak than the national average, which found a full-time worker would have to earn $22.10 on average to afford a two-bedroom rental.
Residential Real Estate
Articles
Under new owner, Fountain Square’s Wheeler building converting to market-rate housing
Core Redevelopment is buying the building, which houses 36 affordable-housing units, and plans to boost the number of apartments to at least 52 as part of the conversion.
Homebuilder seeks approval for 174-home neighborhood in Hamilton County
The developer has requested a rezoning to allow for a subdivision on 63 acres north of 171st Street and east of Mill Creek Road.
Developer proposes 314-home subdivision in Noblesville
Brooks Farm would feature 314 homes built by two builders, including attached villas and single-family homes.
Indiana appeals court finds for Block 20 Athenaeum developer
The developer, along with the Indianapolis Historic Preservation Commission, were at the center of an appeal brought by neighbors of the historic building who oppose the project.
Two projects poised to reshape Mass Ave area
The Indianapolis Historic Preservation Commission has approved the projects—a four-story condominium building and the other a six-story office building. Both would feature ground-level retail space.
After decades-long wait, downtown site snags large project
Boston-based Charles Street Investment Partners LLC has filed plans with the city to construct a $15 million, seven-story apartment-and-retail project at Pennsylvania and Vermont streets.
Little League to consider other locations for Central Region headquarters
Little League International said it might consider sites outside of Zionsville for its new regional headquarters following public criticism of a real estate project associated with the high-profile development. Seventy communities had sought the headquarters before Zionsville was chosen.
Onyx+East ventures out of Indy area with $15M Tampa project
The condominium developer, which spun out of Indianapolis-based Milhaus two years ago, also has expanded its reach with a $12.5 million project in the Village of West Clay.
Northwest-side apartment portfolio fetches $64 million
An Atlanta-based real estate company has purchased four Indianapolis apartment communities and plans to spend $27 million to renovate them.
U.S. construction surges to record high as home building heats up
The increase stemmed from a sizable 4.5 percent rise in residential construction, the biggest percentage gain since November 1993.
Existing-home sales rise in Indianapolis area amid shrinking inventories
The market rebounded from an off-month in March, when sales dropped 7.5 percent on a year-over-year basis—the first decline in seven months.
Local group converting former Phoenix Theatre building into condos
Plans for the historic structure in the downtown Chatham Arch neighborhood call for three condominiums priced at roughly $1.1 million each. Work is set to begin early next month.
Developers swoon over Broad Ripple High School opportunity
The 16-acre property could command $6 million to $8 million from developers, but a state law might prevent Indianapolis Public Schools from cashing in.
Indianapolis-area builders continue to see rising demand for new homes
Builders in the nine-county area saw the busiest April for permit filings since 2007.
Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart
A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Local developer plans four-story condo project on Mass Ave
Stenz Construction Corp. bought a two-story office building in the Mass Ave District and is seeking to demolish it to make way for the development.