CONSTRUCTION PIPELINE

Indianapolis Q2 2025

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

Construction Pipeline

Pre-Lease Absorption Rate by Month

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

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 5/15/2025, 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 StatusForecasted Completion DateStart Of Rent Up
The Edge1835 Edge BlvdIndianapolisIN46240376In Pre-Lease/Lease Up PhaseMay-24May-24
Redwood Greenfield2982 Red Spruce DriveGreenfieldIN46140132In Pre-Lease/Lease Up PhaseJun-24May-24
Hickory Cottages901 Kelly Green LaneLebanonIN46052246In Pre-Lease/Lease Up PhaseJun-24Jun-24
Arlington Farms2755 Red Bloom DriveGreenwoodIN46143408In Pre-Lease/Lease Up PhaseAug-24Jul-24
Maverick370 Homestead AvenueGreenwoodIN46143226In Pre-Lease/Lease Up PhaseAug-24Jul-24
James at Chatham Hills20021 Chad Hittle DriveWestfieldIN46074250In Pre-Lease/Lease Up PhaseSep-24Aug-24
River Place Flats5705 Apex DriveFishersIN46250381In Pre-Lease/Lease Up PhaseOct-24Oct-24
Interurban220 East Front StreetDelphiIN4692368In Pre-Lease/Lease Up PhaseNov-24Sep-24
Nook Nine9433 Avant AvenueIndianapolisIN46240319In Pre-Lease/Lease Up PhaseMar-25Feb-25
Highland Park2629 Lindberg RoadAndersonIN46012111In Pre-Lease/Lease Up PhaseMay-25Apr-25
Westgate on Third441 South Westgate DriveBloomingtonIN47403371In Pre-Lease/Lease Up PhaseMay-25Mar-25
Versa6220 Guilford AvenueIndianapolisIN46220232In Pre-Lease/Lease Up PhaseJun-25Mar-24
Stella1827 North Meridian StreetIndianapolisIN46202166In Pre-Lease/Lease Up PhaseJun-25May-25
Vanguard at 16 Tech1410 Breedlove LnIndianapolisIN46202279In Pre-Lease/Lease Up PhaseJul-25May-25
Union at Grand Junction170 Jersey StreetWestfieldIN46074196Under ConstructionJul-25
City Heights457 Monument View DrIndianapolisIN46227200Under ConstructionJul-25
4UP Apartments353 Vine StWest LafayetteIN47906191Under ConstructionAug-25
Farmhouse at Lantern Commons16400 Westfield BlvdWestfieldIN46074324Under ConstructionAug-25
Retreat at the Switchyard1730 South Walnut StreetBloomingtonIN4740166Under ConstructionAug-25
District South8681 Edison Plaza DriveFishersIN4603884Under ConstructionAug-25
The Jacob2110 East Southport RoadIndianapolisIN4622793Under ConstructionOct-25
Kensington Gardens7298 Kensington WayMcCordsvilleIN46055120Under ConstructionNov-25
Woods of West Carmel11335 North Michigan RoadCarmelIN46077252Under ConstructionNov-25
Concord Crossing2520 Lila WayLafayetteIN47909152Under ConstructionDec-25
Hyde Park Towns and Flats13957 Royal Park DriveNoblesvilleIN46060258Under ConstructionDec-25
Flats at Heartland Crossing8396 Gunnoah Way EastBrownsburgIN46112228Under ConstructionDec-25
Mural BrownsburgEast Main Street & West Northfield DriveBrownsburgIN46112165Under ConstructionDec-25
John Purdue Block48 N 2nd StLafayetteIN47901157Under ConstructionMar-26
Midtown Carmel210 3rd Avenue SWCarmelIN46032244Under ConstructionMar-26
Montage West Lafayette4280 Yeager RdWest LafayetteIN47906446Under ConstructionApr-26
Icon on Main1017 West Main StreetCarmelIN46032266Under ConstructionApr-26
BroadAcre5871 BroadAcre DriveMcCordsvilleIN46055256Under ConstructionOct-26
Union at Fishers DistrictSEC IKEA Way & USA PkwyFishersIN46038250Under ConstructionNov-26
242 Market Street242 East Market StreetIndianapolisIN4620460Prospective
Cole Motor Campus730 East Washington StreetIndianapolisIN46202213Prospective
Eleven Park402 Kentucky AvenueIndianapolisIN46225600Prospective
Stutz II217 West 10th StreetIndianapolisIN46204275Prospective
Union House108 East McCarty StreetIndianapolisIN46225160Prospective
Wulsin Building Redevelopment222 East Ohio StreetIndianapolisIN4620457Prospective
Ewing Street3737 East Washington StreetIndianapolisIN4620163Prospective
Grounds Phase II, The2136 Central AvenueIndianapolisIN4620284Prospective
Ingram, The1411 Roosevelt AvenueIndianapolisIN46201185Prospective
LINK921 Virginia AvenueIndianapolisIN46203204Prospective
M222204 North Meridian StreetIndianapolisIN46208128Prospective
Polk1129 East 16th StreetIndianapolisIN46202276Prospective
6243 East Washington Street6243 East Washington StreetIndianapolisIN46219300Prospective
Edgewood & Emerson4822 East Edgewood AvenueIndianapolisIN46204332Prospective
McFarland Blvd7525 McFarland BlvdIndianapolisIN46237172Prospective
Square, The3500 Lafayette RoadIndianapolisIN46222100Prospective
Bridgeport Arts Village8018 West Washington StreetIndianapolisIN46231257Prospective
Tremont Town CenterBridgeport Road & Rockville RoadIndianapolisIN46234478Prospective
Alexander at the Crossing2730 East 86th StreetIndianapolisIN46240275Prospective
Clearwater4016 East 82nd StreetIndianapolisIN46250299Prospective
Hubbard Gardens Renovation4004 Meadows DriveIndianapolisIN46205328Prospective
Nook Nine Phase II9433 Avant AvenueIndianapolisIN46240100Prospective
Meridian North9449 North Meridian StreetIndianapolisIN46260600Prospective
Franklin Road4005 North Franklin RoadIndianapolisIN46226200Prospective
AccoladeEast 300 North & Progress PkwyGreenfieldIN46140240Prospective
Morningside at McCordsville6277 West 600 NorthMcCordsvilleIN46055100Prospective
ParkfieldWest 600 North & North Short RoadMcCordsvilleIN46055166Prospective
Lee BoulevardLee Blvd & Progress PkwyShelbyvilleIN46176120Prospective
Greenwood Luxury948 Greenwood Springs DriveGreenwoodIN46143202Prospective
Center Grove Park3111 North State Road 135GreenwoodIN46143575Prospective
Jefferson, The3051 County Rd 300 WestBargersvilleIN46106251Prospective
Meadowbrook3895 North State Road 135BargersvilleIN46106412Prospective
Redwood Greenwood Phase II5934 Redwood WayGreenwoodIN4614375Prospective
Commerce GroveState Route 135 & East Two Cent RoadBargersvilleIN46131100Prospective
Gateway Flats205 Paris DriveFranklinIN46131163Prospective
Hurricane Road & Upper Shelbyville RoadHurricane Road& Upper Shelbyville RoadFranklinIN46131156Prospective
Knollwood Farms3614 US Highway 31 SouthFranklinIN46131100Prospective
Palladium3601 US Highway 31 SouthFranklinIN46131312Prospective
Centennial of Brownsburg2900 North County Road 900 EastBrownsburgIN46112179Prospective
Cityscape AvonSEC East County Road 100 South & Ronald Reagan PkwyAvonIN46123304Prospective
East 56th StreetEast 56th Street & North County Road 900 EastBrownsburgIN46112420Prospective
Elmwood Wynne FarmsNorth Green Street & North Northfield DriveBrownsburgIN4611250Prospective
Flats on Main2760 East Main StreetPlainfieldIN4616860Prospective
Hobbs Station Phase II2870 Pearson PkwyPlainfieldIN46168357Prospective
Oriole Estates7235 Oriole WayAvonIN46123376Prospective
Serenity CommonsHeartland Blvd & Raceway DriveCambyIN46113168Prospective
South Green Street3080 South Green StreetBrownsburgIN46112198Prospective
Westwind Apartments at West WynneSouth Green Street & Northfield DriveBrownsburgIN46112168Prospective
Maddox, The6905 South 525 EastWhitestownIN46075400Prospective
Adler, TheSEC South 700 East & Grove PassZionsvilleIN46077179Prospective
Lauth390 South Main StreetZionsvilleIN4607750Prospective
Solstice7001 South Indianapolis RoadWhitestownIN46075288Prospective
Clay Terrace Redevelopment14390 Clay Terrace BlvdCarmelIN46032290Prospective
East 111th Street185 East 111th StreetIndianapolisIN46280500Prospective
VER at Proscenium Phases I & II1225 Veterans WayCarmelIN46032199Prospective
West 99th Street & Michigan AvenueWest 99th Street & Michigan AvenueCarmelIN46032360Prospective
Crossing at Fishers District, TheEast 136th Street & Jack Walker LaneFishersIN46060100Prospective
Towns and Flats at Hyde Park Phase IIEast 141st Street & Brooks School RoadNoblesvilleIN46060100Prospective
Bel CantoEast 169th Street & Westfield BlvdWestfieldIN46074300Prospective
Gatewood LakesEast 146th Street & Olio RoadNoblesvilleIN46060100Prospective
Park and PoplarPark Street & Westfield BlvdWestfieldIN4607454Prospective
Park and PoplarPark Street & Westfield BlvdWestfieldIN46074247Prospective
Trails of Westfield, The801 East 175th StreetWestfieldIN46074223Prospective
Westfield YardGray Road & Westfield RoadNoblesvilleIN4606275Prospective
Wheelhouse Apartments on the Monon Phase II835 Virginia Rose AvenueWestfieldIN46074148Prospective
Village, TheNorth McKinley Avenue & West University AvenueMuncieIN47303100Prospective
Habitat For HumanityWest Duvall Road & West Koontz RoadBloomingtonIN47403260Prospective
Hillside Drive300 West Hillside DriveBloomingtonIN47403123Prospective
1513 East Morgan Street1514 East Morgan StreetKokomoIN46901500Prospective
Crossings DistrictAlameda Blvd & Alto RoadKokomoIN49602158Prospective
Northwest Park1728 West Judson RoadKokomoIN46901266Prospective
Villages DistrictAlameda Blvd & Alto RoadKokomoIN49602116Prospective
130 East Washington Street130 East Washington StreetIndianapolisIN46204180Prospective
Bakery Living1331 East Washington StreetIndianapolisIN46202200Prospective
Hall Place1720 North Illinois StreetIndianapolisIN46202273Prospective
Monon 221011 East 22nd StreetIndianapolisIN46202111Prospective
Monon 321120 East 32nd StreetIndianapolisIN4620581Prospective
Monon Living: Court Redevelopment6102 Carvel AvenueIndianapolisIN46220187Prospective
Concourse, The511 3rd Avenue SWCarmelIN4603299Prospective
Granary, The551 South 6th StreetNoblesvilleIN46060223Prospective
Redwood Lafayette Phase II3000 Tantara WayLafayetteIN4790957Prospective
Anvil 26North 27th Street & South StreetLafayetteIN4790467Prospective
Uplands at Park East, TheKettle Circle & Park East BlvdLafayetteIN47905312Prospective
Approach, The271 South River RoadWest LafayetteIN47906268Prospective
Standard at West Lafayette, The210 West Wood StretWest LafayetteIN47906253Prospective
Research VillageNorth 100 West & Yeager RoadWest LafayetteIN47906446Prospective
Hometown CottagesCase Drive & East Wabash StreetFrankfortIN4604158Prospective
220 Meridian Phase II220 North Meridian StreetIndianapolisIN46204100Planned
408 North Delaware Street408 North Delaware StreetIndianapolisIN46204256Planned
501 Indiana Avenue501 Indiana AvenueIndianapolisIN46202263Planned
Marko on the Canal6280 North College AvenueIndianapolisIN4622069Planned
Benjamin, The9310 East 56th StreetLawrenceIN46216220Planned
New PalestineSouth 600 West & US Highway 52New PalestineIN46163282Planned
Redwood WhitelandSouth US Highway 31 & Whiteland RoadWhitelandIN46184158Planned
Easton Grey5918 Rockville RoadAvonIN46123100Planned
PeabodyEast 450 South & 575 EastWhitestownIN4607587Planned
LEO at CarmelCommunity Drive & Equality BlvdCarmelIN46033350Planned
Monon Square NorthNWC City Center Drive & South Rangeline RoadCarmelIN46032371Planned
District at Hyde Park, TheEast 141st Street & Brooks School RoadNoblesvilleIN46060300Planned
Gateway at Hyde Park, TheBrooks School Road & Campus PkwyNoblesvilleIN46060236Planned
Silver Collection at Saxony13450 Dockside DriveFishersIN46037362Planned
Village at Hyde ParkEast 141st Street & Marilyn RoadNoblesvilleIN46060264Planned
Ambrose on MainNorth East Street & East Main StreetWestfieldIN4607488Planned
Midland Pointe5890 Midland Pointe BlvdNoblesvilleIN46062256Planned
Millennium, The17250 Westfield BlvdWestfieldIN46074500Planned
Morse VillageEast 206th Street & Hague DriveNoblesvilleIN46062650Planned
Parkside at Finch Creek Area DNEC East 156th Street & Boden RoadNoblesvilleIN46060495Planned
500 South Mulberry Street500 South Mulberry StreetMuncieIN4730559Planned
Henderson Court Redevelopment2475 South Winslow CourtBloomingtonIN47401150Planned
119 East Railroad Street119 East Railroad StreetGreensburgIN4724080Planned
Berkley Road & West BlvdBerkley Road & West BlvdKokomoIN46902216Planned
Elwood, The1400 East Hoffer StreetKokomoIN46902114Planned
Mirae TrailsCounty Road East 100 North & Reed RoadKokomoIN46901560Planned
Pleasant Brook4300 County Road South 150 EastKokomoIN46902324Planned
222 Alabama Street222 Alabama StreetIndianapolisIN46204186Planned
Gold Building151 East Ohio StreetIndianapolisIN46204354Planned
Elements - Broad Ripple Residences On The Water6729 Westfield BlvdIndianapolisIN46220168Planned
Vita of Westfield17748 Spring Mill RoadWestfieldIN46074164Planned
Washington Street921 Jackson StreetColumbusIN47201120Planned
Imagination Lofts703 North 4th StreetLafayetteIN4790156Planned
Concord Crossing Phase II2520 Lila WayLafayetteIN47909800Planned

METHODOLOGY

Kevin Burns

Kevin Burns

Senior Advisor

kevin.burns@mmgrea.com

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AS FEATURED IN

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.

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