Indianapolis Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

18,402 Units

Planned

6,670 Units

Under Construction

4,805 Units

UC/Lease-Up

5,247 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Indianapolis Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
14 - GreenfieldRedwood Greenfield2982 Red Spruce DriveGreenfieldIN46140185Under Construction/ Lease-Up
24 - CarmelSteadman, The11325 Spring Mill RoadCarmelIN46032263Under Construction/ Lease-Up
26 - Westfield - NoblesvilleLAVINA7520 Alluvium StreetNoblesvilleIN46062324Under Construction/ Lease-Up
24 - CarmelLakeside Apartments of Carmel Phase II12484 Breaklines StreetCarmelIN46032110Under Construction/ Lease-Up
29 - Bloomington - northAspen Heights Bloomington703 West Gourley PikeBloomingtonIN47404211Under Construction/ Lease-Up
26 - Westfield - NoblesvilleWheelhouse Apartments on the MononGrand Park Blvd & Virginia Rose AvenueWestfieldIN46074214Under Construction/ Lease-Up
31 - Bloomington - eastTHIRD4500 East 3rd StreetBloomingtonIN47401175Under Construction/ Lease-Up
8 - Indianapolis - Wayne eastFounders Square2602 Founders Square DriveSpeedwayIN4622460Under Construction/ Lease-Up
11 - Indianapolis - Washington eastMonon 464560 Ocean StreetIndianapolisIN46205102Under Construction/ Lease-Up
24 - CarmelMuse Carmel1685 East 116th StreetCarmelIN46032285Under Construction/ Lease-Up
30 - Bloomington - westRetreat @ the Switchyard1730 South Walnut StreetBloomingtonIN4740166Under Construction/ Lease-Up
11 - Indianapolis - Washington eastWest Village of Avondale Meadows, The4115 Meadows DriveIndianapolisIN46205216Under Construction/ Lease-Up
25 - FishersSlate at Fishers District11255 Slate Stone DriveFishersIN46037242Under Construction/ Lease-Up
26 - Westfield - NoblesvilleCarlyle at Chatham Hills, The19530 Chad Hittle DriveWestfieldIN46074250Under Construction/ Lease-Up
16 - Greenwood - eastMadison at Greenwood, The523 South Madison AvenueGreenwoodIN46142329Under Construction/ Lease-Up
1 - Indianapolis - DowntownLeo at LaGrotte Square, The748 Bates StreetIndianapolisIN46202138Under Construction/ Lease-Up
4 - Indianapolis - FranklinARLO5945 Arlo DriveIndianapolisIN46237288Under Construction/ Lease-Up
26 - Westfield - NoblesvilleFederal Hill175 Logan StreetNoblesvilleIN46060222Under Construction/ Lease-Up
30 - Bloomington - westHayden Flats at Haley Farms3009 South Rogers StreetBloomingtonIN47403298Under Construction/ Lease-Up
22 - LebanonE, The5821 Elevated WayWhitestownIN46075408Under Construction/ Lease-Up
18 - FranklinFounders Pointe1255 Upper Shelbyville RoadFranklinIN46131192Under Construction/ Lease-Up
30 - Bloomington - westWater's Edge120 East Aqua WayBloomingtonIN47401103Under Construction/ Lease-Up
30 - Bloomington - westGardens, The1221 West Allen StreetBloomingtonIN47403114Under Construction/ Lease-Up
18 - FranklinLinks at Franklin, The1902 Sawgrass DriveFranklinIN46131140Under Construction/ Lease-Up
17 - Greenwood - westFlats at Stones Crossing1490 Saint Clare WayGreenwoodIN46143292Under Construction/ Lease-Up
23 - ZionsvilleMeadows on Main3821 Lilac LaneWhitestownIN46075264Under Construction/ Lease-Up
21 - Plainfield/Brownsburg/AvonApex at Perry Crossing2673 Appalachian WayPlainfieldIN46168296Under Construction/ Lease-Up
25 - FishersRiver Place, TheEast 96th Street & Allisonville RoadFishersIN46038381Under Construction
2 - Indianapolis - CenterVanguard, The1350 Waterway BlvdIndianapolisIN46202285Under Construction
24 - CarmelIcon on Main1017 West Main StreetCarmelIN46032266Under Construction
2 - Indianapolis - CenterStella, The1827 North Meridian StreetIndianapolisIN46202166Under Construction
23 - ZionsvilleTrulo Homes at Bridle Creek6620 East 400 SouthWhitestownIN46075202Under Construction
23 - ZionsvilleSylo11550 Pittman Farms DriveZionsvilleIN46077400Under Construction
2 - Indianapolis - CenterDomino, The3122 Dr. Andrew J. Brown AvenueIndianapolisIN46205220Under Construction
16 - Greenwood - eastOliver Springs374 North Emerson AvenueGreenwoodIN46143226Under Construction
29 - Bloomington - northHub Bloomington2038 North Walnut StreetBloomingtonIN47404170Under Construction
11 - Indianapolis - Washington eastForty Six Flats, The2511 East 46th StreetIndianapolisIN46205173Under Construction
21 - Plainfield/Brownsburg/AvonHobbs Station2537 Smith RoadPlainfieldIN46168293Under Construction
26 - Westfield - NoblesvilleTempo @ Grand Park18160 Grand Park BlvdWestfieldIN46074240Under Construction
11 - Indianapolis - Washington eastVersa6220 Guilford AvenueIndianapolisIN46220232Under Construction
4 - Indianapolis - FranklinSouthern Meadows8701 East Southport RoadIndianapolisIN46259207Under Construction
15 - ShelbyvilleMill, The405 North Harrison StreetShelbyvilleIN46176168Under Construction
25 - FishersState at Fishers10510 Kings Way RoadFishersIN46037261Under Construction
21 - Plainfield/Brownsburg/AvonArbuckle Phase II, The7249 Arbuckle CommonsBrownsburgIN46112100Under Construction
26 - Westfield - NoblesvilleGrandView18183 Wheeler RoadWestfieldIN46074157Under Construction
14 - GreenfieldMcCord SquareNorth 600 West & West BroadwayMcCordsvilleIN46055205Under Construction
1 - Indianapolis - DowntownRise on Meridian915 South Meridian StreetIndianapolisIN46225269Under Construction
26 - Westfield - NoblesvillePebble Village17754 Copse DriveNoblesvilleIN4606260Under Construction
26 - Westfield - NoblesvilleEast Bank599 Conner StreetNoblesvilleIN46060219Under Construction
11 - Indianapolis - Washington eastEdge, The9530 Kerwood DriveIndianapolisIN46240376Under Construction
24 - CarmelSignature, The13111 Old Meridian StreetCarmelIN46032303Under Construction
2 - Indianapolis - Center12021202 South Meridian StreetIndianapolisIN46225105Planned
2 - Indianapolis - Center25th Street1123 East 25th StreetIndianapolisIN4620550Prospective
2 - Indianapolis - CenterCentral @ 29th2825 Central AvenueIndianapolisIN4620556Planned
2 - Indianapolis - CenterExcelsior, TheWest 22nd Street & North Illinois StreetIndianapolisIN4620280Prospective
2 - Indianapolis - CenterGrand Meridian3470 North Meridian StreetIndianapolisIN4620894Prospective
2 - Indianapolis - CenterLincoln Lofts1001 Palmer StreetIndianapolisIN46203157Prospective
2 - Indianapolis - CenterNational Warehouse1145 East 22nd StreetIndianapolisIN46202137Prospective
6 - Indianapolis - Perry westCity HeightsBixler Road & South East StreetIndianapolisIN46227200Planned
8 - Indianapolis - Wayne eastCentral Greens3355 Kirkbride WayIndianapolisIN46222156Prospective
10 - Indianapolis - PikeHodges Commons3919 Moller RoadIndianapolisIN4625478Prospective
12 - Indianapolis - Washington west1621 West 86th1621 West 86th StreetIndianapolisIN46260160Prospective
14 - GreenfieldBarrett Preserve402 Barrett DriveGreenfieldIN4614060Prospective
15 - ShelbyvilleEight37 Lofts837 Webster AvenueShelbyvilleIN46176138Prospective
21 - Plainfield/Brownsburg/AvonStanley Terrace422 North East StreetPlainfieldIN4616860Planned
28 - MuncieKitselman Flats105 North Leland AvenueMuncieIN4730360Prospective
1 - Indianapolis - Downtown220 Meridian Phase II220 North Meridian StreetIndianapolisIN46204100Planned
1 - Indianapolis - Downtown242 Market Street242 East Market StreetIndianapolisIN4620460Prospective
1 - Indianapolis - Downtown351 West351 West 10th StreetIndianapolisIN46202285Prospective
1 - Indianapolis - Downtown408 North Delaware Street408 North Delaware StreetIndianapolisIN46204256Prospective
1 - Indianapolis - DowntownEleven Park402 Kentucky AvenueIndianapolisIN46225600Prospective
1 - Indianapolis - DowntownGeorgia & PennsylvaniaEast Georgia Street & South Pennsylvania StreetIndianapolisIN46204254Prospective
1 - Indianapolis - DowntownStutz II217 West 10th StreetIndianapolisIN46204275Prospective
1 - Indianapolis - DowntownUnion House108 East McCarty StreetIndianapolisIN46225160Prospective
2 - Indianapolis - Center2100 Block2100 Central AvenueIndianapolisIN46202150Prospective
2 - Indianapolis - Center2100 Block Phase II2100 Central AvenueIndianapolisIN4620284Prospective
2 - Indianapolis - CenterAlvord Street1902 Alvord StreetIndianapolisIN46202100Prospective
2 - Indianapolis - CenterEwing Street3737 East Washington StreetIndianapolisIN4620163Prospective
2 - Indianapolis - CenterIngram, The1411 Roosevelt AvenueIndianapolisIN46201185Prospective
2 - Indianapolis - CenterLINK921 Virginia AvenueIndianapolisIN46203204Prospective
2 - Indianapolis - CenterM222204 North Meridian StreetIndianapolisIN46208127Prospective
2 - Indianapolis - CenterPolk Subdivision1129 East 16th StreetIndianapolisIN46202276Prospective
5 - Indianapolis - Perry eastEdgewood & Emerson4822 East Edgewood AvenueIndianapolisIN46204332Prospective
5 - Indianapolis - Perry eastMcFarland Blvd7525 McFarland BlvdIndianapolisIN46237172Prospective
5 - Indianapolis - Perry eastMcFarland Boulevard Senior7525 McFarland BlvdIndianapolisIN46237135Prospective
9 - Indianapolis - Wayne westBridgeport Arts Village8018 West Washington StreetIndianapolisIN46231257Prospective
9 - Indianapolis - Wayne westTremont Town CenterBridgeport Road & Rockville RoadIndianapolisIN46234478Prospective
10 - Indianapolis - PikeAshton Place7511 New Augusta RoadIndianapolisIN46268174Planned
10 - Indianapolis - PikeHanna International Lofts38th Street & Lafayette RoadIndianapolisIN4625480Prospective
11 - Indianapolis - Washington eastAlexander at the Crossing2730 East 86th StreetIndianapolisIN46240275Prospective
11 - Indianapolis - Washington eastClearwater4016 East 82nd StreetIndianapolisIN46250299Prospective
11 - Indianapolis - Washington eastElements - Broad Ripple Residences On The Water6719 Westfield BlvdIndianapolisIN46220192Prospective
11 - Indianapolis - Washington eastHubbard Gardens Renovation4004 Meadows DriveIndianapolisIN46205328Prospective
13 - Indianapolis - LawrenceBenjamin, TheEast 56th Street & Lawrence Village PkwyLawrenceIN46216220Planned
13 - Indianapolis - LawrenceFranklin Road4005 North Franklin RoadIndianapolisIN46226200Prospective
13 - Indianapolis - LawrenceOaktree Redevelopment9012 Pinehurst Drive NorthIndianapolisIN46235336Prospective
14 - Greenfield400 North Blue Road400 North Blue RoadGreenfieldIN4614072Prospective
14 - GreenfieldAccoladeEast 300 North & Progress PkwyGreenfieldIN46140240Planned
14 - GreenfieldBluestone Phase II210 Flagstone DriveGreenfieldIN46140100Prospective
14 - GreenfieldEastway Court Phase II42 Manor DriveGreenfieldIN46140192Prospective
14 - GreenfieldLofts at Swope861 Swope StreetGreenfieldIN4614050Prospective
14 - GreenfieldMeridian Homes at Sycamore Drive6654 Willow WayMcCordsvilleIN46055153Planned
14 - GreenfieldMorningside at McCordsville6277 West 600 NorthMcCordsvilleIN46055100Prospective
14 - GreenfieldMt. Comfort CorridorSWC West 600 North & Mt. Comfort RoadMcCordsvilleIN46055256Prospective
14 - GreenfieldParkfieldWest 600 North & North Short RoadMcCordsvilleIN46055166Planned
14 - GreenfieldTraditions at Brookside ExpansionElise Lane & Juliet LaneMcCordsvilleIN4605554Planned
15 - ShelbyvilleLee BoulevardLee Blvd & Progress PkwyShelbyvilleIN46176120Planned
16 - Greenwood - east2311 County Line2311 East County Line RoadGreenwoodIN46143408Planned
16 - Greenwood - eastGreenwood Luxury948 Greenwood Springs DriveGreenwoodIN46143202Planned
17 - Greenwood - westCenter Grove Park3111 North State Road 135GreenwoodIN46143575Prospective
17 - Greenwood - westMeadowbrook3895 North State Road 135BargersvilleIN46106386Prospective
17 - Greenwood - westRedwood Greenwood Phase II5934 Redwood WayGreenwoodIN4614375Prospective
18 - FranklinCommerce GroveState Route 135 & East Two Cent RoadBargersvilleIN46131450Prospective
18 - FranklinGateway Flats205 Paris DriveFranklinIN46131163Prospective
18 - FranklinKnollwood Farms3614 US Hwy 31 SouthFranklinIN46131100Prospective
18 - FranklinPalladium3601 US Highway 31 SouthFranklinIN46131312Prospective
21 - Plainfield/Brownsburg/AvonAvon LandingNEC East County Road 300 North & Ronald Reagan PkwyIndianapolisIN46234280Prospective
21 - Plainfield/Brownsburg/AvonCityscape AvonRonald Reagan Pkwy & Veterans DriveAvonIN46123304Planned
21 - Plainfield/Brownsburg/AvonEast 56th StreetEast 56th Street & North County Road 900 EastBrownsburgIN46112420Prospective
21 - Plainfield/Brownsburg/AvonElmwood Wynne FarmsNorth Green Street & North Northfield DriveBrownsburgIN4611250Prospective
21 - Plainfield/Brownsburg/AvonFlats @ Heartland, The8396 East Gunnoah HwyBrownsburgIN46112238Prospective
21 - Plainfield/Brownsburg/AvonFlats on Main2760 East Main StreetPlainfieldIN4616860Prospective
21 - Plainfield/Brownsburg/AvonHobbs Station Phase IIPerry Road & Smith RoadPlainfieldIN4616863Prospective
21 - Plainfield/Brownsburg/AvonHobbs Station Phase IIIPerry Road & Smith RoadPlainfieldIN4616890Prospective
21 - Plainfield/Brownsburg/AvonHobbs Station Phase IVPerry Road & Smith RoadPlainfieldIN4616881Prospective
21 - Plainfield/Brownsburg/AvonOriole Estates7235 Oriole WayAvonIN46123376Prospective
21 - Plainfield/Brownsburg/AvonSouth Green Street3080 South Green StreetBrownsburgIN46112198Prospective
21 - Plainfield/Brownsburg/AvonVillage Place TownhomesNorth County Road 900 East & Prairie TrailAvonIN46123110Prospective
21 - Plainfield/Brownsburg/AvonWestwind Apartments at West WynneSouth Green Street & Northfield DriveBrownsburgIN46112168Planned
22 - LebanonGreenview Phase II5790 Sunrise WayWhitestownIN46075188Planned
22 - LebanonLebanon Senior2802 North State Road 39LebanonIN4605259Prospective
22 - LebanonMaddox, The6905 South 525 EastWhitestownIN46075400Prospective
22 - LebanonSpring CreekCounty Road 300 North & State Road 39LebanonIN46052400Prospective
23 - ZionsvilleAdler, TheSEC South 700 East & Grove PassZionsvilleIN46077179Planned
23 - ZionsvilleLauth390 South Main StreetZionsvilleIN4607750Prospective
23 - ZionsvillePeabodyEast 450 South & 575 EastWhitestownIN46075604Prospective
23 - ZionsvilleWild AirMarysville Road & West Oak StreetZionsvilleIN46077280Planned
24 - CarmelAT&T Site Redevelopment210 3rd Avenue SWCarmelIN46032244Prospective
24 - CarmelClay Terrace Redevelopment14390 Clay Terrace BlvdCarmelIN46032290Prospective
24 - CarmelEast 111th Street185 East 111th StreetIndianapolisIN46280500Prospective
24 - CarmelEdge at West Carmel, The11335 North Michigan RoadCarmelIN46077252Planned
24 - CarmelL'etoile833 West Main StreetCarmelIN4603260Prospective
24 - CarmelMeridian NorthEast 96th Street & North Meridian StreetIndianapolisIN46260600Prospective
24 - CarmelMonon Square NorthCity Center Drive & South Rangeline RoadCarmelIN46032371Prospective
24 - CarmelOld MeridianFairfax Manor Drive & Old Meridian StreetCarmelIN46032263Prospective
25 - FishersCityViewEast 116th Street & Lantern RoadFishersIN46038184Planned
25 - FishersDistrict at Hyde Park, TheEast 141st Street & Brooks School RoadNoblesvilleIN46060300Planned
25 - FishersGateway at Hyde Park, TheBrooks School Road & Campus PkwyNoblesvilleIN46060236Prospective
25 - FishersGray Eagle Golf Club12500 Brooks School RoadFishersIN46037149Prospective
25 - FishersHyde ParkBoden Road & Campus PkwyNoblesvilleIN4606050Prospective
25 - FishersHyde Park Towns and FlatsEast 141st Street & Brooks School RoadNoblesvilleIN46060258Planned
25 - FishersHyde Park Towns and Flats Phase IIEast 141st Street & Brooks School RoadNoblesvilleIN46060100Prospective
25 - FishersUnion, TheEast 116th Street & State Highway 69FishersIN46038250Planned
25 - FishersWoods of Britton Phase II, The13791 Old Oak DriveFishersIN46038130Prospective
26 - Westfield - NoblesvilleBel CantoEast 169th Street & Westfield BlvdWestfieldIN46074300Prospective
26 - Westfield - NoblesvilleEverGreenFisherburg Avenue & Pendleton AvenueNoblesville TownshipIN46060100Prospective
26 - Westfield - NoblesvilleMidland PointeSEC Hazel Dell Pkwy & State Road 32NoblesvilleIN46062256Planned
26 - Westfield - NoblesvilleMillennium, The17250 Westfield BlvdWestfieldIN46074500Planned
26 - Westfield - NoblesvilleNoblesville Milling Redevelopment551 South 6th StreetNoblesvilleIN46060238Prospective
26 - Westfield - NoblesvilleParkside at Finch Creek Area DNEC 156th Street & Boden RoadNoblesvilleIN46060495Prospective
26 - Westfield - NoblesvilleTownes at Grand Park VillageWest 186th Street & Kinsey AvenueWestfieldIN4607477Prospective
26 - Westfield - NoblesvilleTrails of Westfield, The801 East 175th StreetWestfieldIN46074223Prospective
26 - Westfield - NoblesvilleUnion SquareWest Main Street & North Union StreetWestfieldIN46074196Planned
26 - Westfield - NoblesvilleVista, The14744 Malachi RoadNoblesvilleIN46062146Planned
26 - Westfield - NoblesvilleWheelhouse Apartments on the Monon Phase IIGrand Park Blvd & Virginia Rose AvenueWestfieldIN46074148Prospective
27 - AndersonLindberg RoadLindberg Road & Shepherd RoadAndersonIN46012111Prospective
28 - MuncieVillage, TheMcKinley Avenue & University AvenueMuncieIN47303100Prospective
29 - Bloomington - north17th Street & Arlington RoadNEC West 17th Street & West Arlington RoadBloomingtonIN47404213Planned
29 - Bloomington - north335 West 8th Street335 West 8th StreetBloomingtonIN4740460Prospective
30 - Bloomington - westHabitat For HumanityWest Duvall Road & West Koontz RoadBloomingtonIN47403260Prospective
30 - Bloomington - westHillside Drive300 West Hillside DriveBloomingtonIN47403123Prospective
30 - Bloomington - westWestgate on Third4755 West State Road 48BloomingtonIN47404330Planned
1 - Indianapolis - Downtown222 Alabama Street222 Alabama StreetIndianapolisIN46204190Planned
1 - Indianapolis - DowntownGold Building151 East Ohio StreetIndianapolisIN46204340Planned
2 - Indianapolis - CenterBakery Living1331 East Washington StreetIndianapolisIN46202200Planned
2 - Indianapolis - CenterHall Place1720 North Illinois StreetIndianapolisIN46202273Prospective
2 - Indianapolis - CenterMonon 221011 East 22nd StreetIndianapolisIN46202111Prospective
8 - Indianapolis - Wayne eastPyramids at 35003500 Lafayette RoadIndianapolisIN46222130Prospective
11 - Indianapolis - Washington eastMonon Living: Court Redevelopment6102 Carvel AvenueIndianapolisIN46220187Prospective
24 - CarmelConcourse, The511 3rd Avenue SWCarmelIN4603299Planned

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METHODOLOGY

William-Costello-Headshot

William Costello

Associate Advisor
Alex Blagojevich

Alex Blagojevich

Executive Managing Director & Founding Partner
Michael-Sullivan

Michael Sullivan

Executive Managing Director & Founding Partner

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