The three residents of the historic downtown neighborhood objected to the apartment project, claiming it was too big and suggesting race might have played a role in its approval. A Marion Superior Court judge disagreed.
A surge of activity in the Mass Ave area is spilling over into the historic neighborhood that’s now considering whether to restrict parking on its streets.
Steady job growth and low mortgages drew more buyers into the market, causing both sales and prices to climb steadily.
Cityscape Residential hopes to break ground in the spring on the 306-unit development, which would be within walking distance of the Shops at Perry Crossing.
Sales of existing homes in the nine-county area experienced their most robust performance since before the Great Recession, while prices continued to rise, F.C. Tucker said Wednesday.
Home builders in the nine-county metropolitan area saw a surge in buyers in December, helping 2015 turn out to be a positive year for local home construction.
An Indianapolis woman is advocating for state legislation that would provide property-tax relief for longtime homeowners in designated distressed areas.
Marion County is suffering from a severe shortage of affordable housing and the inventory is not expected to increase anytime soon. The most popular financing option to help build affordable housing projects is so limited that only a small fraction of the developments get built.
Fewer people signed contracts to purchase homes in November, as the real estate market appears to have cooled after sales gains for much of 2015.
The introduction of a new disclosure form in October likely prevented many homebuyers from closing on sales in November. Home values are also rising at more than double the pace of wages.
Three residents have taken the unusual step of asking a Marion County judge to block the $10 million development, arguing it’s too big for the neighborhood.
Home sales in November tumbled 11.1 percent in Marion County, from 866 homes to 770. Hamilton County, the area’s second-largest market, saw a similar decrease, with an 11.3 percent drop.
December will be the key month in determining whether 2015 turns out to be an overall year of growth for area home builders.
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.
The developer of the 9 on Canal Apartments project has disclosed plans for a $37 million second phase that would add 194 apartment units and more than 15,000 square feet of retail space along downtown's Central Canal.
If homes don’t have a high enough price tag, a municipality could end up losing money. That’s because, under the state’s property tax caps, lower assessed values might not generate enough tax to cover the cost of city services.
Flaherty & Collins Properties is partnering with the city of Kokomo on an apartment and retail project in the heart of its downtown.
Milhaus, parent of several real estate-related companies, is best-known for its local apartment projects, including Artistry, Circa, Maxwell, Mozzo and Penn Circle.
Neighborhoods in most U.S. cities, including Indianapolis, are increasingly isolated from each other by income and home values, according to analysis by national real estate brokerage Redfin.
