Indy a top spot for Amazon HQ2 if home prices guide its choice
If Amazon wants to locate its HQ2 in the most-affordable spot for housing, there’s an obvious choice: Pittsburgh. But Philadelphia and Indianapolis aren't far behind.
Residential Real Estate
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IPS fields five bids for buying, revamping site on hot East 16th Street corridor
The 4.5-acre parcel just east of the Monon Trail received a high bid of $2.75 million. All of the proposals would mix commercial and housing development.
Westfield approves development around Wood Wind Golf Club
The proposal from Paul Rioux, owner of Platinum Properties Management Co. LLC, is for a 309-acre development and would keep the golf course open.
East 16th Street revival hits high gear
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
Re/Max brokerages merge to form 80-agent firm from west side to downtown
The two brokerages sold a combined 1,671 homes in 2016 with a total value of $277 million.
Area home sales rise despite higher prices, fewer choices
The total number of active home listings in the region dropped 18.9 percent on a year-over-year basis at the end of November. New listings were down 5.5 percent.
Area home builders see another month of rising demand
The Indianapolis area is on pace to have its biggest year in new-home sales since 2007, when 7,331 building permits were filed.
TWG again seeking tax credits for delayed church project
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
Large Castleton apartment complex sells for $44.6M
A California company bought the 512-unit Avery Point Apartments, which was finished in 1986 and consists of 58 two-story buildings.
Owner of esteemed golf course proposes ditching links, building mixed-use project
Redeveloping the Zionsville course—consistently ranked among the best in the country—could include 360 single-family homes and 200 multi-family housing units.
Residents object to third development plan near Westfield golf club
Westfield residents want to keep the city’s only public golf course open, but so far, any project that could do so hasn’t been able to tee off.
Lockerbie block poised for $25M in condo, apartment developments
The projects, proposed separately by Litz & Eaton Development LLC and Block 20 Development LLC, would be built on two empty lots and on property where an existing building sits.
Great Places 2020 organizers hope 2018 is transformative year
The effort, launched in late 2014, aims to mix private-sector investments with federal tax money to spark residential and commercial activity in five targeted Indianapolis neighborhoods.
Central Indiana home sales, prices soar as inventories shrink
Area home sales have risen on a year-over-year basis in 21 of the last 24 months.
CSI UIndy: School to use vacant house for forensic studies lab
In a partnership with the Indianapolis-Marion County Forensic Services Agency, UIndy criminal justice students will be able to comb through mock crime scenes in a realistic setting.
Legal tussles continue between Carmel developer, siblings
Two children of late heart surgeon and developer John N. Pittman have accused brother Steve Pittman of wrongly taking funds from a family-owned entity to invest in one of his projects. Their lawsuit is one of several proceedings filed over family assets.
Once-swanky downtown apartment building receives $5.7M makeover
The 88-year-old, seven-story Wyndham is available for occupancy after owner the Pearl Cos. bought the building and tore the interior down to its studs.
Area home builders see rebound in demand after off month
Permit filings are up 6 percent so far this year in the nine-county area compared with the first 10 months of 2016.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Proposed fee for Mile Square property owners attracts opposition
Downtown Indy is encountering resistance from some big property owners to its plan to create an economic improvement district that would raise about $3 million annually through a fee.