Insight Development has begun building an $11.5 million, 61-unit apartment project at Massachusetts Avenue and East and North streets. But the fate of the second phase is up in the air because its financing had been tied to a project Insight and Flaherty & Collins Properties had hoped to develop across Mass Ave at the site of the Indianapolis Fire Department headquarters.
An INDOT spokesman said the state sometimes has to shell out more than the appraised value to encourage land owners to sell.
The $25 million purchase ranked as the 12th-largest residential sale in New York City last year, according to the real estate website Curbed NY.
The Builders Association of Greater Indianapolis said October’s jump marked the biggest year-over-year increase this year. Activity was strongest in Hamilton and Hendricks counties.
Omaha-based Berkshire Hathaway Inc., through its HomeServices of America unit, bought a majority stake in the Prudential and Real Living real estate franchises from Brookfield Asset Management.
Indianapolis last year sold 154 properties from its land bank for $1,000 each to a novice not-for-profit, which immediately flipped them for a total $500,000 profit. More than a dozen have changed hands multiple times since then, making investors more than $1 million. (with interactive map)
PulteGroup Inc. has purchased 24 acres in the Anson development near Whitestown in Boone County and plans to build 36 homes. Long-range plans call for 255 homes on 145 acres.
Trinitas Ventures of West Lafayette plans to break ground next spring on a $20 million student housing project on Indiana Avenue with 214 units. The developer already has built 253 units on the site.
A look at housing sales, mortgage rates and home ownership trends. Also included are the most expensive home sold during the third quarter and examples of what $300,000 can buy.
Frank and Katrina Basile’s Lake Clearwater abode is (almost) filled with art from The Big Easy.
New-home construction is on track to rise more than 10 percent this year in the nine-county Indianapolis area.
David M. Parry was known a century ago for his hatred of labor unions and for the cars he built, but he also made his mark with the Golden Hill estate he organized near White River. Today, the home at 3650 Spring Hollow is for sale at $600,000. The house is in mostly original condition but needs a comprehensive restoration.
A directory of landscape companies in the Indianapolis area.
A directory of landscape architects headquartered in the Indianapolis area.
The most striking feature of a proposed $43-million development along Mass Ave is a Times Square-style electronic screen that would wrap around the building's corner and rise more than three stories.
Indianapolis-area apartment occupancy and rent rates should continue to grow in 2013, albeit at a slower pace, as developers finish more units and the single-family market picks up steam, the locally based apartment brokerage Tikijian Associates predicts in a new report.
Developers are one step closer to building a $9 million apartment project to replace a blighted former hotel in Irvington.
Home-sale agreements in the nine-county Indianapolis area rose 3.8 percent in September, the 17th consecutive month of improvement in sales contracts.
Home builders in the Indianapolis area filed 339 permits in September, bringing the total to 3,191 through the first nine months, an 11-percent increase from the same period last year.
The local developer has agreed to purchase the former Mitchell & Scott industrial complex in the 600 block of College Avenue and is in the process of pulling together a plan for the site.
