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MARKET SNAPSHOT: Apartment Boom Underway in Indianapolis, Vacancy on the Rise

MARKET SNAPSHOT: Apartment Boom Underway in Indianapolis, Vacancy on the Rise

Indianapolis job gains are expected to generate significant renter demand, but not enough to counterbalance the surge in rental construction. …

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PK Partners Plans $80M Mixed-Use Project on Vacant Parcels in Indianapolis

PK Partners Plans $80M Mixed-Use Project on Vacant Parcels in Indianapolis

An $80 million commercial and residential project could soon rise on two vacant parcels along River Crossing Boulevard in Indianapolis.…

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Keystone Realty Acquires 114,000-Sq.-Ft. Office Complex in Suburban Indianapolis

Keystone Realty Acquires 114,000-Sq.-Ft. Office Complex in Suburban Indianapolis

An affiliate of Keystone Realty Group has recently acquired the four-building Waterplace Office Park on the east side of the North Meridian corridor in Indianapolis.…

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Mainstreet Property Group Announces Series of New Medical Resorts in Indiana

Mainstreet Property Group Announces Series of New Medical Resorts in Indiana

by Adriana Pop, Associate Editor National health care developer Mainstreet Property Group has announced a significant pipeline of new medical resorts for seniors over the next three years in Indiana. Combined, these developments are expected to create 3,000 permanent jobs, 8,400 temporary jobs, and generate an economic impact to the…

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Keystone Realty Plans to Develop 5.3-Acre Residential/Retail Project in Carmel’s Old Meridian District

Keystone Realty Plans to Develop 5.3-Acre Residential/Retail Project in Carmel’s Old Meridian District

Keystone Realty Group of Indianapolis is proposing the construction of a new five-story mixed-use building in Carmel. According to the Indianapolis Business Journal, plans call for 200 luxury apartments and ground-floor retail space on a 5.3-acre site located southwest of the roundabout at Old Meridian and Main streets.…

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Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana

Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana

Hat World Inc. has announced it would invest $21.77 million in the expansion of its headquarters and distribution operations in central Indiana and create up to 758 jobs by 2025.…

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Starwood to Open Landmark Canterbury Hotel Downtown as Le Méridien Indianapolis

Starwood to Open Landmark Canterbury Hotel Downtown as Le Méridien Indianapolis

Starwood Hotels & Resorts has announced that the iconic Canterbury Hotel in the heart of downtown Indianapolis will reopen under the company’s luxurious Le Meridien brand in November.…

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Edward Rose Plans $80M Mixed-Use Development in Carmel

Edward Rose Plans $80M Mixed-Use Development in Carmel

A large-scale mixed-use complex could soon rise on one of the last remaining undeveloped sites in Carmel’s Old Meridian district. According to the Indianapolis Business Journal, a plan commission committee is currently reviewing the $80 million project proposed by Edward Rose Properties Inc. Plans call for 400 apartments, a four-story…

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Pedcor to Expand Massive City Center Mixed-Use Development in Carmel

Pedcor to Expand Massive City Center Mixed-Use Development in Carmel

Developer Pedcor Cos. is planning to invest between $80 million to $100 million in the expansion of its major commercial and residential Carmel City Center development.…

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Summit Realty to Manage Leasing of 673,000 SF BMO Plaza in Downtown Indianapolis

Summit Realty to Manage Leasing of 673,000 SF BMO Plaza in Downtown Indianapolis

True North Management Group LLC has selected Cushman & Wakefield / Summit Realty Group to handle marketing and leasing activities for the 673,000-square-foot BMO Plaza office building in downtown Indianapolis.…

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HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus

HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus

Milhaus Ventures has retained HFF to market for sale two of its newly constructed multi-family communities, the 384-unit Solana Apartments at the Crossing in Indianapolis and the 193-unit Penn Circle Apartments in Carmel.…

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Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis

Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis

Milhaus Development is seeking city approval to begin construction on the second phase of its Artistry apartment project in downtown Indianapolis.…

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