CONSTRUCTION PIPELINE

Indianapolis Q1 2026

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

Construction Pipeline

Pre-Lease Absorption Rate by Month

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Note on Pipeline Coverage
For clarity, this report does not track prospective/proposed developments. The volume of early-stage proposals continues to expand and often lacks sufficient detail, timeline certainty, or likelihood of delivery to provide reliable insight.
Instead, our focus remains on projects that have advanced further in the development cycle—specifically those under construction, and in the planning stages. This ensures the pipeline data reflects projects with higher execution probability and more direct implications for market supply.
Disclaimer: The property data depicted in our reports is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 2/10/2026, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusCompletion Date
The Edge1835 Edge BlvdIndianapolisIN46240376In Pre-Lease / Lease Up PhaseApr-24
Vanguard at 16 Tech1410 Breedlove LaneIndianapolisIN46202284In Pre-Lease / Lease Up PhaseJul-25
BroadAcre5871 BroadAcre DriveMcCordsvilleIN46055256In Pre-Lease / Lease Up PhaseAug-25
Retreat @ the Switchyard1730 South Walnut StreetBloomingtonIN4740167In Pre-Lease / Lease Up PhaseSep-25
Mural Brownsburg5942 Bristlecone DriveBrownsburgIN46112164In Pre-Lease / Lease Up PhaseSep-25
Woods of West Carmel11335 North Michigan RoadZionsvilleIN46077238In Pre-Lease / Lease Up PhaseSep-25
Foundry at Heartland Crossing8396 Gunnoah Way EastCambyIN46113228In Pre-Lease / Lease Up PhaseDec-25
Redwood Whiteland36 Redtrunk LaneWhitelandIN46184154In Pre-Lease / Lease Up PhaseDec-25
Crossing 5 Towns and Flats2514 Grand Central BlvdPlainfieldIN46168315In Pre-Lease / Lease Up PhaseFeb-26
Eastway Court Phase II42 Manor DriveGreenfieldIN46140192In Pre-Lease / Lease Up PhaseMar-26
Whitman Villas1801 Walt Whitman DrGreenfieldIN46140108In Pre-Lease / Lease Up PhaseMar-26
Ingalls Creek Flats1200 Commerce DrPendletonIN46064240In Pre-Lease / Lease Up PhaseMar-26
Hyde Park13957 Royal Park DrNoblesvilleIN46060358Under ConstructionApr-26
Portrait Midtown400 Industrial DrCarmelIN46032244Under ConstructionApr-26
Cole Motors North Redevelopment752 E Market StIndianapolisIN4620268Under ConstructionApr-26
Cole Motors South Redevelopment730 E Washington StIndianapolisIN46202213Under ConstructionApr-26
The Row1011 E 22nd StIndianapolisIN46202111Under ConstructionMay-26
CityWalk on Nickel Plate Trail8803 E 121st StFishersIN46038234Under ConstructionMay-26
220 Meridian Phase II220 North Meridian StreetIndianapolisIN4620457Under ConstructionAug-26
Pembroke Place130 E Washington StIndianapolisIN46204179Under ConstructionSep-26
The Union Flats9706 E 116th StFishersIN46037251Under ConstructionNov-26
Silver Collection at Saxony13450 Dockside DriveFishersIN46037362Under ConstructionNov-26
Ambrose on Main402 East Main StreetWestfieldIN4607487Under ConstructionDec-26
The Michelle6800 West Kilgore AvenueYorktownIN4739690Under ConstructionDec-26
LEO at Carmel317 E 146th StCarmelIN46033350Under ConstructionDec-26
Icon on Main1017 W Main StCarmelIN46032266Under ConstructionDec-26
Monon Square North620 S Rangeline RdCarmelIN46032248Under ConstructionDec-26
The Crossing at Fishers District9279 Carnelian DrFishersIN46037250Under ConstructionJan-27
The Solstice7001 S Indianapolis RdWhitestownIN46075288Under ConstructionJan-27
The Benjamin9310 East 56th StreetLawrenceIN46216220Under ConstructionApr-27
8253 Harcourt Rd8253 Harcourt RdIndianapolisIN46260148Under ConstructionMay-27
New PalestineSouth 600 West & US Highway 52New PalestineIN46163282Under ConstructionJun-27
Easton Grey5918 Rockville RoadAvonIN46123100Under ConstructionOct-27
The Millennium17250 Westfield BlvdWestfieldIN46074500Planned
408 North Delaware Street408 North Delaware StreetIndianapolisIN46204256Planned
501 Indiana Avenue501 Indiana AvenueIndianapolisIN46202263Planned
LINK921 Virginia AvenueIndianapolisIN46203204Planned
Marko on the Canal6280 North College AvenueIndianapolisIN4622069Planned
Whitman Villas at Gateway ParkState Route 70 & Mt Comfort RoadGreenfieldIN46140108Planned
RedwoodHurricane Road& Upper Shelbyville RoadFranklinIN46131156Planned
PeabodyEast 450 South & 575 EastWhitestownIN4607587Planned
West 99th Street & Michigan AvenueWest 99th Street & Michigan AvenueCarmelIN46032360Planned
Avanza at Hyde Park12300 East 136th StreetNoblesvilleIN46060237Planned
District at Hyde ParkEast 141st Street & Brooks School RoadNoblesvilleIN46060300Planned
Gateway at Hyde ParkBrooks School Road & Campus PkwyNoblesvilleIN46060236Planned
Village at Hyde ParkEast 141st Street & Marilyn RoadNoblesvilleIN46060264Planned
Midland Pointe5890 Midland Pointe BlvdNoblesvilleIN46062256Planned
Morse VillageEast 206th Street & Hague DriveNoblesvilleIN46062650Planned
Park and PoplarPark Street & Westfield BlvdWestfieldIN46074247Planned
Park and Poplar TownhomesPark Street & Westfield BlvdWestfieldIN4607456Planned
Parkside at Finch Creek Area DNEC East 156th Street & Boden RoadNoblesvilleIN46060495Planned
Trails of Westfield801 East 175th StreetWestfieldIN46074223Planned
119 East Railroad Street119 East Railroad StreetGreensburgIN4724078Planned
Berkley Road & West BlvdBerkley Road & West BlvdKokomoIN46902216Planned
Mirae TrailsCounty Road East 100 North & Reed RoadKokomoIN46901560Planned
222 Alabama Street222 Alabama StreetIndianapolisIN46204186Planned
Gold Building151 East Ohio StreetIndianapolisIN46204354Planned
Granary699 South 9th StreetNoblesvilleIN46060225Planned
Vita of Westfield17748 Spring Mill RoadWestfieldIN46074164Planned
Ten20 North921 Jackson StreetColumbusIN47201120Planned

METHODOLOGY

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder
alex.blagojevich@mmgrea.com
Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

Kyle Shoemaker

Kyle Shoemaker

Managing Director

kyle.shoemaker@mmgrea.com

Simon Turner

Simon Turner

Senior Director

simon.turner@mmgrea.com

Bill Brading

Bill Brading

Senior Director

bill.brading@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Jake Sullivan_2023

Jake Sullivan

Senior Advisor

jake.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

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Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. 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.

MMG Real Estate Advisors
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