Recent Posts
Tue, May 27, 2008
Fishers’ officials recently gave the green light to add two new big projects to the town of Fishers. The first project is a new water park and Wyndham Hotel at 131st and IN 37 and the other is the RiverPlace project at 96th and Allisonville. The hotel and water park, Fisher Marketplace, will cost an estimated $100 million and calls for a 7-story hotel with work scheduled to begin in July or August. In addition to the hotel and water park, Fishers Marketplace is expected to add more shops and restaurants to the Fishers area. In addition to Fishers MarketPlace, town officials also gave the go ahead to add an office building with more restaurants to the RiverPlace project at 96th and Allisionville.
With all of these projects in...
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Thu, May 22, 2008
A giant chunk of land, 871 acres to be exact, is now for sale in Noblesville near the corner of 146th Street and Olio Road. Summit Realty Group is marketing the site, The Gatewood, and they are calling it the largest parcel of land available in Hamilton County. They are marketing the property to office, light industrial, retail and residential developers. The land is also just north of a 280 acre property that developer Gershman Brown Crowley holds an option to purchase with plan to build homes, offices, retail, and industrial companies.
This is a hot hot area in Hamilton County, but what would be the best use for this land? With Saxony just around the corner and still years away from being completed, could this area sustain...
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Tue, May 20, 2008
It is now official; Zionsville will not have a Wal-Mart. The Zionsville Plan Commission unanimously rejected Wal-Mart’s plan to build a new store on the edge of Zionsville at Michigan Road. The board had denied the Wal-Mart two years ago which set off a legal battle and ultimately a judge ordered that Zionsville reconsider the retailer. Well, they reconsidered and again decided not to allow them in citing traffic, drainage, and crime issues.
I am not a resident of Zionsville, but Wal-Mart and Zionsville just don’t seem to go together. Zionsville has planned accordingly and made concerted efforts to maintain the unique character than Zionsville currently offers. If they did let Wal-Mart in, they could have been opening Pandora’s...
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Fri, May 16, 2008
Fishers and Noblesville residents who work downtown could have another viable option to the daily grind of commuting along I-69 towards downtown. The Indianapolis Regional Transit Council is looking very seriously at utilizing existing railways to provide new mass transit options for residents of Hamilton County. The rapid transit line would run from Noblesville and Fishers to downtown Indianapolis during rush hour in the morning and evening and would coordinate with IndyGo buses to pick up commuters. This announcement is big because if this is completed in the timeframe they are talking about, 2-4 years; this is 6-8 years ahead of schedule.
The complete original rail project was projected to cost $690 million dollars and be...
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Tue, May 13, 2008
I hear it all the time…”I really want to move and take advantage of this buyer’s market to get into a bigger and better home but I have a home to sell first and can’t afford to sell it at today’s prices.” This is a problem many many people are facing and I believe a large part as to why the market is stagnate. People want to move up into nicer homes but cannot afford to take a beating on their current home.
IMHO, one of the most pragmatic things to do with current Indianapolis real estate market is to either rent your current home or do a lease option with it. If you rent out your current home, you can wait out the current market and then sell it in a couple of years once the market has fully turned around and you can get a...
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