Multifamily news in Architecture & Design - 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.
Pangea Achieves 90% Occupancy in Record Time for Two Turn Around Properties
Pangea Properties, a private real estate investment trust based in Chicago, has announced that, after having made significant property improvements, it has achieved 90 percent occupancy for two of its recently acquired Indianapolis communities. The company purchased both 109-unit Pangea Courts and 120-unit Pangea Riverside in 2012.
Thompson Thrift to Break Ground on Fishers Marketplace Mixed-Use Redevelopment
Terre Haute-based Thompson Thrift is set to break ground on the mixed-use Fishers Marketplace redevelopment at State Road 37 and 131st Street. The first phase of the project will include a luxury apartment complex and a retail center, the Indianapolis Business Journal reports. Construction of the Addison Landing at Fishers Marketplace, a 294-unit high-end apartment complex, is scheduled to begin before the end of the year. The $25 million project will include one- to three-bedroom apartments and will be developed on 17 acres of land owned by locally based Rookwood Builders. New York-based Create Architecture Planning & Design will give the structure a distinct, upscale look, Ashlee Boyd, senior vice president at Thompson Thrift, told the newspaper. The project should be completed by the end of 2013.
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