Indianapolis-area homebuilding filings jump 35 percent
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
Residential Real Estate
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Old Northside apartment projects reviving two buildings
Flock Real Estate Group is investing $1 million to refurbish side-by-side apartment buildings at the northeast corner of 13th and Alabama streets, and Englewood Group is spending $3.6 million to convert a former church across the street.
Will retail follow rooftops in Village of WestClay?
If the “retail follows rooftops” real estate mantra is true, The Village of WestClay may soon see the commercial development its founders envisioned more than a decade ago.
Will residential boom end commercial bust in West Clay?
Residential construction is booming in The Village of West Clay, the already-sprawling Carmel development designed to mimic small-town life at the turn of the (last) century. But not everything has gone according to Brenwick Development’s ambitious plans. Two commercial nodes remain largely undeveloped, and one property owner’s legal woes led to several high-profile vacancies that have yet to be filled.
Two Indy apartment complexes sell for $35 million
National investors have snapped up two apartment properties on the north side totaling 722 units. One complex is slated for a major rehab.
Market Square project calls for $81 million, 28-story tower
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper on part of the former home of Market Square Arena in what would be the tallest new downtown development since the JW Marriott opened in 2011.
Homebuilding permits rise for 12th straight month
Through June this year, 2,603 permits have been issued in the Indianapolis area, an increase of 26 percent compared to the first six months of 2012.
City expected to tap Flaherty & Collins for former MSA site
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
City set to unveil Market Square project plans
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
Housing market strong in the northern ‘burbs
Halfway through the year, home sales are up in Hamilton and Boone counties. So are average purchase prices. Get the details.
Area home-sale agreements on the rise again
Home-sale agreements in the nine-county Indianapolis area were up nearly 10 percent in June compared to the same month a year ago.
Star negotiating HQ move to former Nordstrom at Circle Centre
The newspaper’s publisher confirmed it’s closing in on a deal to occupy the space after IBJ reported earlier Wednesday that the Star was considering a move to Circle Centre mall.
More upgrades in store for downtown’s Cadillac Building
The building owner is opening window coverings that had been sealed shut, a move that will make the property more attractive to a retailer. A huge apartment project underway nearby is giving the area a lift.
Symphony conductor Urbanski, wife settle in at CityWay
The Indianapolis abode of Polish-born conductor Krzysztof Urbanski and his wife, Joanna, is nice but a bit on the small side—a 1,376-square-foot apartment inside downtown’s new CityWay development.
Second-home sales rebounding with broader market
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
City won’t take back suspect properties sold by Land Bank
The city of Indianapolis won't try to take back properties that were sold by its Indy Land Bank to suspect not-for-profits or to Naptown Housing Group LLC, in which former land bank director Reggie Walton is alleged to be a silent partner.
Veteran custom homebuilder taking prefabs downtown
Ursula David is out to dispel the perception that modular homes are little more than glorified double-wides. David, who started Ursula David Homes 20 years ago, is concentrating on a new project, Indy Mod Homes, and is targeting an unlikely place for the prefabs—the urban core.
Governments helped fuel nursing-facility developer’s rise
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
Crunching the numbers: Hamilton County homebuilding activity leads region
Builders filed 817 single-family permits in Hamilton County during the first five months of the year. Which community had the most activity? Plus: Boone County stats.
Homebuilders extend streak with 23-percent surge in permits
Single-family building permits rose 23 percent in the nine-county Indianapolis area in May, the 11th straight month of year-over-year increases.