Upscale Fishers apartment complex sells for nearly $37M
The 306-unit Flats at Fishers Marketplace complex was the site of a major fire in 2015 that destroyed one of the main buildings.
Residential Real Estate
Articles
City releases data trove on abandoned, blighted homes initiative
The “2,000 homes” dashboard—named after a pledge by Mayor Joe Hogsett to “rehab, transform, or demolish” 2,000 homes in two years— allows residents to see addresses of blighted homes, their owners, and the type of city intervention they have received or will receive.
HAND to renovate Lebanon duplexes into affordable apartments
The Noblesville-based not-for-profit known as HAND has announced it will invest $2 million to acquire and renovate 17 duplexes in Lebanon into affordable apartments for low-income residents.
With existing homes almost non-existent, buyers turn to new ones
U.S. homebuyers are now more likely to purchase new than at any time since the 2008 crash. They don’t have a lot of choice.
Longtime Kite Realty CFO Sink stepping down after 20 years
Dan Sink, who helped lead Kite Realty Group Trust through its initial public offering in 2004, plans to step down as chief financial officer, the company announced Monday.
Developer plans 81 town houses, retail for Noblesville
KennMar LLC has filed plans with the city of Noblesville to develop 23 acres at the southeast corner of Hazel Dell Road and State Road 32.
Ground broken for $24M mixed-use development on Lafayette Road
The real estate project at 3500 Lafayette Road, called the Pyramids at 35 Hundred, is expected to feature 130 independent-living units for seniors and 15,000 square feet of commercial space.
Indianapolis-area home builders see best first quarter in 12 years
Area home builders saw more demand for new homes in the first quarter than they have since 2006, according to a report released Thursday by the Builders Association of Greater Indianapolis.
Momentum for Central State site mounts as homebuilder stakes out $15M project
M/I Homes has plans to build 40 single-family units and 20 town houses on the former hospital campus, bringing even more investment to an area on the mend.
Neighbors debate proposal to build homes next to Little League HQ site
Pulte Homes of Indiana has filed plans to develop 78 single-family homes on land adjacent to the proposed site of the new Little League International regional headquarters in Zionsville.
Proposed residential project in Zionsville would feature Dye-designed course
Henke Development Group LLC has requested the rezoning of about 600 acres for a project called Holliday Farms, which would feature a championship golf course, homes, retail buildings and restaurants.
Developer nearing approval to construct townhomes in downtown Fishers
The 116 Towns project would contain seven buildings, with 31 units ranging from between 2,100 and 2,300 square feet and featuring as many as three bedrooms and bathrooms.
Contemporary art museum secures new home base in Holy Cross
More than a year after vacating its base of operations in Fountain Square, the Indianapolis Museum of Contemporary Art has landed on a new long-term location on the city’s near-east side.
Milhaus swings creative deal for $16M apartment project in Fountain Square
The plan for the development, slated just east of the neighborhood’s commercial core, required reaching out to property owners on Prospect Street and collaborating with neighborhood officials.
Residential Real Estate: Marketplace for March 30, 2018
Pending home sales in the central Indiana dipped 0.7 percent last month compared to the previous year, although prices are up 5.3 percent so far this year, to nearly $194,000.
Custom homebuilder expands to downtown condos
Litz & Eaton Development Co. and its two affiliates have grown from annual revenue of $1 million in 2011, the year residential developer Brad Litz and custom homebuilder John Eaton founded the company, to an expected $40 million this year.
City rushes to use $3M to raze abandoned houses
The Hogsett administration is racing against an end-of-year deadline to tear down blighted homes with $3 million it has remaining from a federal grant awarded in 2014 to tackle the problem.
Bricks and beams warm up industrial condo
Jeweler Nick Blum turned the former paint manufacturing plant—which dates to the 1890s—into several upscale condos with industrial details.
Indianapolis-area home sales jump as inventories tighten, prices rise
The total number of active home listings in the region plummeted 19.4 percent, from 8,489 at the end of February 2017 to just 6,845 at the end of last month.
Area home builders have busiest February since 2006
Builders filed 481 single-family construction permits in the nine-county area in February, a 37 percent increase over the 351 permits they filed in 2017.