Carmel Real Estate - Gramercy Put on Hold by Mike Taylor

One of the largest and most expensive real estate projects in the Indianapolis area has recently been put on hold.  Gramercy was slated to be a new $500 million mixed use project in Carmel with singles family homes, condominiums, town homes, apartments, offices and retail and was to begin this spring.  The project now has no timetable and could be shifted to strictly retail and commercial.  Developers are citing a slowing in the housing the market and Carmel’s decision to add roundabouts on Keystone as the main factors for their decision.
 

One could look at this news in one two ways: 1) This is terrible news and even more proof that the housing economy is sluggish or 2) This is good news and this is a wise business decision as the...

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New Indianapolis MLS Search Finally Here by Mike Taylor

Well after 2 months of development and many hang ups the new Indianapolis MLS search is now unleashed on the website.  It has been up for a few weeks and seems to working great.  The beautiful thing about this is that it is 100% customizable so if a client wants to see a new feature or a new tool, it can be done.  So take a look and let me know what you think.  I am always looking for feedback and suggestions to make it better. 

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Noblesville West Gateway by Mike Taylor

The city of Noblesville is looking to redevelop its western portion along the White River with its West Gateway project.  The plan calls for commercial and residential development as well as parkland along the White River.  The current proposal calls for $24 million in public money and $238 million of private money over the course of 20 years.  This would be a major long term project and is only in its infancy hence details about what and where are very scarce at this time. 
One thing is for sure; Noblesville along with the rest of Hamilton County is growing and will continue to grow for the foreseeable future.  Noblesville real estate remains very affordable in comparison to Carmel, Westfield, and Fishers however as more and more...

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Anson Lands Another New Tenant by Mike Taylor

The mega-project Anson has just landed another huge tenant in the industrial park portion of the project.  CEVA Logistics, the world’s 4th largest warehousing company, will occupy 40,000 square feet in the first distribution building scheduled to open.  CEVA will move in next month and will ship high tech equipment for a Fortune 100 company.  While this deal only brings 30 new jobs for the area and pales in comparison to landing Medco as far as jobs go, this does add even more momentum to the Anson project. 

While this doesn’t really have an immediate impact on the Zionsville real estate market, it does continue to lay the groundwork for success at Anson which will eventually have single family homes.  Anson, especially the...

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Carmel Real Estate 146th Street Widening by Mike Taylor

A word to the wise…avoid buying Carmel real estate located directly on 146th street.  The mayor of Carmel is looking expand 146th street from Spring Mill to the Boone County line to a four lane road.  The goal is to create a major east-west road that eventually goes from I-69 all the way to Boone County.  While overall it is great news to create more accessibility to Fishers and Zionsville from Carmel, homes located on 146th could suffer.  I am not saying avoid all neighborhoods along 146th; just don’t buy a home located directly behind it.  This proposal may not go through yet, but sooner or later 146th will be expanded as it is already a major corridor on the north side.  So if I were looking to buy Carmel homes and I found one I...

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