$20M project on tap for Mapleton-Fall Creek area
The planned $20 million senior housing and retail project could help breathe new life into a blighted neighborhood that’s sorely in need of investment.
Residential Real Estate
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Historic farmhouse moved, saved from demolition
A 153-year-old farmhouse that had faced possible demolition has been moved from its longtime perch along a central Indiana highway to a new, permanent location.
Supreme Court takes up housing bias case
The justices agreed Thursday to take up a case that challenges the theory that certain housing or lending practices can illegally harm minority groups, even when there is no proof of intent to discriminate.
Indiana AG proposes home contractor registry
Attorney General Greg Zoeller wants Indiana lawmakers to approve a state registry for home-remodeling contractors to boost consumer protections against would-be scammers.
Developer plans $9.1M project on Fountain Square parking lot
City officials have selected Deylen Realty’s proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
Solana apartment complex sells for $60.5 million
The sale by Indianapolis-based developer Milhaus is just the latest chapter in the twisty story of the high-end development, which is at the southeast corner of East 78th Street and Keystone Avenue.
U.S. home sales snap 4-month streak of gains
Fewer Americans bought homes in August, as investors retreated from real estate and first-time buyers remained scarce.
Sunrise neighbors worried about traffic, density
Neighbors of the former Sunrise Golf Club property along the Monon Greenway in Carmel aren’t sold on a redevelopment plan that calls for building 149 custom homes and up to 265 apartments on the 78-acre site.
Volatile apartment sector reduces U.S. home building
Apartment construction has surged 19.2 percent in the past 12 months. Meanwhile, single-family starts have risen just 4.2 percent. The shift among builders to increased apartment building is a sign that a rising share of Americans will be renters, rather than homeowners.
ROBINSON: Downtown vacancies will plunge soon
Something’s happening in downtown Indianapolis that I’ve never seen in my 25 years as a commercial real estate broker here.
HOHMANN: Whatever happened to the fab 16 Tech?
Strong leadership is needed for the urban Indianapolis tech park to hit its high potential.
Area homebuilding permits hit August decline
Permit filings for home construction in central Indiana fell 4 percent in August, the second straight month of declining activity in the homebuilding market.
Carmel clears path for Monon Lake housing project
With neighbors pleading for more time, Carmel City Council on Monday approved a year-old rezoning request that clears the way for M/I Homes’ planned Monon Lake development just north of Interstate 465.
Greenwood eyes more land for development along I-65
Though plans for a $22 million hotel and indoor sports complex seem in jeopardy, the city of Greenwood has other projects in the works along Interstate 65, including a new interchange and possibly an apartment development.
Indy housing market stumbles to glum milestone
Home-sale agreements in August declined 9.6 percent, marking the 12th consecutive month of declining deals for houses in the nine-county Indianapolis area.
Couple revamps old roadside motel into apartments
The Kaiden, a 13-unit hotel just off the National Road between Indianapolis and Greenfield, has been reborn as an apartment building called The Village.
Unauthorized demolition of historic home sparks lawsuit
Indiana Landmarks is going to court over the unauthorized demolition of a historic home in Fall Creek Place that likely was built in the 1890s.
Bank to give homebuyers $15K for down payments
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
Simon estate in Carmel hits market for $25 million
The 106-acre property includes a 50,000-square-foot mansion and private, 18-hole golf course. Mel Simon and his wife, Bren, had been working on disposing of the home even before the billionaire’s death in September 2009.
UPDATE: Plan saves Anderson’s Wigwam gym from demolition
The company that will operate under the name Wigwam LLC has agreed to maintain the gymnasium until at least 2030. It plans to convert part of the property into multifamily housing and to find partners to develop uses for other parts.