Real Estate and Business News for Indianapolis ~ Nov. 18–23. 2007
The Legends District SoDo – While the South side of Downtown Indianapolis is ripe for a facelift and expansion of the city, will the incentives be too costly to carry through with the project known as The Legends District SoDo? Read More
I personally love the project idea, while I do have to admit, I am not sure how many more condos the city needs. There are currently 371 condos available in Center Township.
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More on Property Taxes:
Property Taxes will be a continuing issue during this years Legislative Session. Hearings on Gov. Daniels property tax reform plan will begin in 
December. Read More
Meanwhile, Senate Bill 21 is being introduced as an alternative to the property tax rebate. The bill offers a credit instead of the widely criticized rebate. Read More
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Active Adult and Senior Housing:
Noblesville continues single family home expansion as the Plan Commission approved a proposal for residential development focused on the housing needs of empty nesters, or Active Adults. Read More
The Bradford Group is seeking zoning from Hancock County for a retirement community on the eastside of McCordsville. The project, known as Copper Leaf, would be an all inclusive retirement community designed for the Active Adult lifestyle with a 9 hole golf course, shopping and dining.
Copper Leaf will also offer assisted living facilities and Hospice care. I love the concept of people being allowed to “age in place”, as the president of The Bradford Group so eloquently states it.
As our population ages, communities like Copper Leaf will be highly sought after. Read More
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Investing in Indianapolis
Is Indianapolis a good city to invest in? Blue Real Estate, a Beverly Hills, California based investment company believes so. In the last year they have purchased about 1.7 million square feet of property in Indianapolis worth $110 million. Find Out Why
The housing rental market is also on the upswing. Due in part to the rise in foreclosures and the tightening of lending standards, more people are renting instead of buying. Read More Here
This is a great article with a positive outlook for the future economic condition of the Indianapolis real estate market.
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This is not intended to be a complete update of business or real estate news in Indianapolis.
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{ 6 comments… read them below or add one }
Excellent report Paula, particularly the new real estate investment in Indianapolis… despite the national trends, smart money buys real estate when prices are lower… like now.Terry McDonald
Wish some of this real estate upswing would hit Florida.
Terry – Smart money does buy when prices are lower. Indianpolis was not affected by the huge increase in property values like many areas. Unfortunately, though, we have had our share of foreclosures as well as negative national news which has pushed prices down.-Paula
Hey Florida – Here’s wishing you a market upswing!
Chad – We usually hear about the Active Adult communities in warm weather locations. There is a definate need for these type of communities in Indianapolis, where many either keep a primary residence or come back home after enjoying their time in the sun.
Paula, I like the format of this post. It is seems like a good idea to put several newbytes regarding the Indianapolis real estate market in one post. I think I’ll try a similar format for my blog. I like
Thanks – Karl