Broad Ripple brokers propose office project on College Avenue
Scott Lindenberg and Thomas Willey want to replace two rental homes they own just north of Kessler Boulevard with a 5,700-square-foot, two-story office building.
Residential Real Estate
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Central Indiana home sales start year on chilly note
Home-sale agreements plummeted 31 percent in January, likely due to the record snowfalls and cold temperatures.
First family gives TLC to little-used Brown County cabin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
Symbol of Durham’s opulence heading for a sheriff’s sale
Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
Home starts flat in frigid January
Homebuilders filed roughly the same number of building permits in central Indiana last month, 300, that they did in January 2013. The severe winter weather has kept builders at bay, the Builders Association of Greater Indianapolis said.
Developer plans Lockerbie residential project
Chase Development plans to build six, four-story townhomes along with six more traditional houses on a 1.25-acre parcel between Michigan and North streets.
Indiana plans $75M push to demolish abandoned homes
Lt. Gov. Sue Ellspermann announced the initiative Monday at the Statehouse. She said knocking down blighted and abandoned homes will help maintain property values and cut down on crime.
Design of new downtown fire station to get first review
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.
Lilly Endowment awards $6.3M to Indy housing group
The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.
Homebuilders enjoy best year since 2007
Single-family building permits in the nine-county Indy metro area surged in December, ending a two-month decline in filings.
Upstart developer battles nursing home establishment
Mainstreet Property Group CEO Zeke Turner, the son of Republican state Rep. Eric Turner, is fighting a bill that would halt construction of nursing homes in Indiana.
Strong year for home sales ends on 4-month skid
Home-sale agreements in central Indiana plummeted 18.6 percent in December, as the market continued a downward trend.
21-acre Greenwood tract marketed for apartment development
Developer J. Greg Allen had planned to build condominiums on the site before the housing market crashed. He relinquished the property to his lender, BMO Harris.
Local attorney, developer Page files bankruptcy
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
Bloomington defends tough smoke-detector ordinance
Property owners sued in July to block the law, which requires landlords to install hard-wired smoke detectors by 2019.
Luxury apartments going up just outside Zionsville
Dubbed The Villas by Watermark, the 24-building complex will have 266 living units—a mix of one-, two- and three-bedroom apartments—plus the expected pool and clubhouse, walking trails and a more unusual amenity: a private dog park and heated dog wash.
Whole Foods-anchored project causes stir in Broad Ripple
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
City finally lands development for Market Square
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper in what would be the tallest new downtown development since the 34-story JW Marriott hotel opened in 2011.
Bill to target abandoned-home epidemic in Indiana
Sen. Jim Merritt, R-Indianapolis, wants to shorten the amount of time vacant homes sit idle.
Homebuilders see second straight drop in permit filings
Despite the monthly decline, year-to-date permit filings are up 18 percent over 2012. This year’s number through 11 months has already exceeded 2012’s full-year total.