U.S. rents still rising at rapid clip during busy time for lease renewals
The median national rent climbed 9.2% in the first half of 2021, according to Apartment List, and is still on the way up.
Residential
Articles
Fresh wave of rental help on way as eviction moratorium extended for ‘final’ time
Since IndyRent launched last July, it has provided $96.1 million in emergency rental assistance to help thousands of residents stay housed in the midst of the pandemic’s economic fallout.
Hogsett administration plans to spend $25M to repair run-down residential streets across Indy
The city identified 605 residential lane miles across Indianapolis that are in particularly poor condition. The city is allocating enough money to fix only about 10% of those miles, starting as soon as next spring.
Historic downtown building with steakhouse space, luxury condo on market for $4.95M
Eddie Merlot’s, an upscale steakhouse chain based in Fort Wayne, had signed a lease to move into the restaurant space in 2019, but those plans were ultimately derailed by the pandemic.
11th Street Development pitches alternative home designs for Lebanon’s growing workforce
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
Lowe’s 4Q results surge as people plow money into homes
Home improvement stores have become hot destinations during the pandemic, with millions working from home and attending school remotely. Many Americans have found the time to update or change their homes to add home offices and other elements.
Fishers council narrowly OKs rezoning to allow affordable neighborhood
The approval will allow Hamilton County Area Neighborhood Development Inc. to develop 11 affordable, for-rent homes at the southwest corner of 141st Street and Cumberland Road.
East-side housing project for young adults receives $9.2M from state
The 30-unit apartment project is aimed at individuals aged 18 to 24 who were previously in the state’s child welfare and fostering system.
Sizzling housing market shows no sign of cooling off going into 2021
“Indianapolis is one of the fastest-selling metros in the country,” said Chris Glynn, a senior economist at Zillow, a real estate website and research firm. “The typical home in Indianapolis is selling in five days or less.”
State reopens rental assistance portal with new stream of funds
Indiana is using $15 million in Emergency Solutions Grant CARES Act funding from the U.S. Department of Housing and Urban Development to offer up to six months of rent to Hoosiers who are at high risk of facing homelessness.
Total Wine & More liquor superstore to open in Nora
The 86th Street store, which is set to open next month, will be the first in Indiana for the Maryland-based chain. Also this week: Nada and Downtown Arts Market.
Broad Ripple tequila-and-tacos joint expanding to Fishers
The three principals behind Sangrita Saloon are adapting the high-end Mexican concept for the 4,000-square-foot Sangrita Grill & Cantina in the Yard at Fishers District culinary hub.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.
IBJ Podcast: Remodelers reveal what homeowners want in pandemic era
An architect, interior designer and design-build contractor discuss the sudden shift in priorities for the home, how much projects can cost and how crews get the work done in the middle of a health crisis.
How to keep everyone safe when hiring professional home cleaners
If you do decide you need help now that your dustballs are the size of baseballs, and you are fortunate enough to be able to afford to bring in outside help, how can you best keep yourself and your cleaning professional safe indoors in this new environment?
Residential Real Estate: Marketplace Stats for August 28, 2020
Active listings have continued to fall throughout 2020, as sellers resist having potential buyers in their homes during a pandemic.
Pandemic has changed the way homebuyers, homeowners think about houses
After spending months in virtual lockdown, some homeowners have learned their residences just don’t serve their needs. Or more accurately, the needs of a family in quarantine.
Photo gallery: Downtown condo mixes modern, traditional
Tall ceilings, large windows and a great balcony attracted Bryan Bisson to a four-story condo on Alabama Street.
Carmel panel seeks more review for planned apartments, OKs age-restricted community
The Carmel Plan Commission sent a proposed Old Meridian District apartment project to a committee for further review. It also forwarded an age-restricted neighborhood at Keystone Parkway and 136th Street to the city council with a favorable recommendation.