Luxury Housing - Indianapolis

Top 10 Largest Multifamily Completions in Indianapolis
Despite two strong years for inventory growth, demand for new units has continued to grow across the metro, putting pressure on builders. Overall, rental projects have stayed moderate in size—up to 250 units.
Market Rate
Grandbridge Closes Indianapolis Community Refi
The 493-unit community is situated on the campus of Indiana University–Purdue University Indianapolis. Grandbridge placed the refinancing with Ladder Capital Finance.
Luxury
Ironworks at Keystone in Indianapolis Undergoes Management Transition
Buckingham Cos. successfully ended the asset stabilization agreement for Hendricks Commercial’s mixed-use development.
Market Rate

  • CBRE Facilitates Cityscape’s Multifamily Disposition in Indianapolis

    The 232-unit apartment community known as 82 Flats at the Crossing is situated at the epicenter of Keystone at the Crossing.

    14 June 2016 08:17

  • HFF Arranges $70M Financing for Mixed-Use Property in Indianapolis

    Indy Axis, a class A apartment and retail property in downtown Indianapolis has received $70.6 million in financing through a loan HFF secured on behalf of local developer Flaherty & Collins Properties.

    23 February 2016 14:56

  • Indianapolis Announces Creation of New Cultural District

    During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown.

    18 April 2014 22:16

  • Pittman, Barrett & Stokely Plan $35M High-End Multi-Family Community in Carmel

    Construction could soon begin on a luxury 14-building, 256-unit apartment community near the Monon Greenway in Carmel.

    15 April 2014 16:47

  • City Committee Green Lights $81M MSA Apartment Tower Project in Indianapolis

    Plans are moving forward for the $81 million, 28-story apartment high-rise Flaherty & Collins Properties intends to build on a portion of the former Market Square Arena (MSA) site in downtown Indianapolis.

    12 March 2014 22:11

  • 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.

    07 March 2014 17:34

  • 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.

    11 February 2014 20:05

  • Flaherty & Collins to Develop $81M Apartment Project on Market Square Arena Site

    City officials have chosen Flaherty & Collins’ proposal to redevelop the former site of the Market Square Arena in downtown Indianapolis.

    19 July 2013 22:03

  • Developers Selected to Build $22.9M Office Facility at IUPUI Campus

    In a public-private development deal, REI Real Estate Services and its partner, Vermillion Enterprises LLC of Chicago, have been selected to build a 100,000-square-foot office facility on the IUPUI campus. According to the Indianapolis Business Journal, the proposed five-story building would house the university's School of Philanthropy, as well as the offices of Chancellor Charles R. Bantz. The IU Trustees have received a total of 18 development proposals for the $22.9 million project. Pending a final approval from the Commission for Higher Education and the State Budget Committee, construction could begin this summer and be complete next year.

    06 March 2013 00:55

  • Duke Realty Divests Six-Building Office Portfolio in Indianapolis

    A joint venture between Middleton Partners and Romanek Properties has acquired the six-building Hillsdale Technecenter in suburban Indianapolis from locally based Duke Realty Corp. John Huguenard and Peter Harwood of Jones Lang LaSalle represented the seller in the transaction. Financial terms were not disclosed. According to the Indianapolis Business Journal, the sale of the 446,000-square-foot office complex is part of Duke’s plan to reduce its ownership of suburban office properties. The company’s long-term goal is to have 60 percent of its holdings in industrial, 25 percent in office and 15 percent in medical office.

    18 January 2013 22:15

  • 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.

    29 September 2012 00:05

  • City Approves Pedestrian Skywalk for Downtown Parking Garage

    by Adriana Pop, Associate Editor The Metropolitan Development Commission has approved Flaherty & Collins Properties’ request to add two upper-level pedestrian connectors to the five-story parking garage planned for downtown Indianapolis. According to the Indianapolis Business Journal, one of the bridges would lead to West New York Street to the south of the garage, connecting [...]

    17 August 2012 22:03