CONSTRUCTION PIPELINE
UNITS UNDER CONSTRUCTION
IN PRE-LEASE /
LEASE UP PHASE
UNITS PLANNED
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 5/14/2026, 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.
| Property Name | Address | City | State | ZIP | Units | Status | Forecasted Completion |
|---|---|---|---|---|---|---|---|
| The Jacob Apartments | 2110 E Southport Rd | Indianapolis | IN | 46227 | 93 | Pre-Lease / Lease Up | Aug 2025 |
| Versa | 6220 Guilford Ave | Indianapolis | IN | 46220 | 233 | Pre-Lease / Lease Up | Aug 2025 |
| BroadAcre | 5871 BroadAcre Drive | McCordsville | IN | 46055 | 256 | Pre-Lease / Lease Up | Aug 2025 |
| Retreat @ the Switchyard | 1730 South Walnut Street | Bloomington | IN | 47401 | 67 | Pre-Lease / Lease Up | Sep 2025 |
| Mural Brownsburg | 5942 Bristlecone Drive | Brownsburg | IN | 46112 | 164 | Pre-Lease / Lease Up | Sep 2025 |
| Woods of West Carmel | 11335 North Michigan Road | Zionsville | IN | 46077 | 238 | Pre-Lease / Lease Up | Sep 2025 |
| Kensington Gardens | 7298 Kensington Way | McCordsville | IN | 46055 | 128 | Pre-Lease / Lease Up | Nov 2025 |
| Allure Apartments | 450 Allure Cir | Whiteland | IN | 46184 | 288 | Pre-Lease / Lease Up | Dec 2025 |
| Foundry at Heartland Crossing | 8396 Gunnoah Way East | Camby | IN | 46113 | 228 | Pre-Lease / Lease Up | Dec 2025 |
| Redwood Whiteland | 36 Redtrunk Lane | Whiteland | IN | 46184 | 154 | Pre-Lease / Lease Up | Dec 2025 |
| Wild Air Landing | 8476 Archer Dr | Zionsville | IN | 46077 | 289 | Pre-Lease / Lease Up | Jan 2026 |
| Enclave Park 100 | 5802 W 71st St | Indianapolis | IN | 46278 | 96 | Pre-Lease / Lease Up | Jan 2026 |
| Crossing 5 Towns and Flats | 2514 Grand Central Blvd | Plainfield | IN | 46168 | 315 | Pre-Lease / Lease Up | Feb 2026 |
| Whitman Villas at Gateway Park | State Route 70 & Mt Comfort Road | Greenfield | IN | 46140 | 108 | Pre-Lease / Lease Up | Apr 2026 |
| Hyde Park Towns and Flats | 13957 Royal Park Drive | Noblesville | IN | 46060 | 358 | Pre-Lease / Lease Up | Apr 2026 |
| CityWalk on Nickel Plate Trail | 8803 E 121st St | Fishers | IN | 46038 | 234 | Pre-Lease / Lease Up | May 2026 |
| Portrait Midtown | 400 Industrial Dr | Carmel | IN | 46032 | 244 | Pre-Lease / Lease Up | May 2026 |
| The Row | 2145 Winthrop Ave | Indianapolis | IN | 46202 | 111 | Pre-Lease / Lease Up | May 2026 |
| Eastway Court Phase II | 42 Manor Drive | Greenfield | IN | 46140 | 192 | Pre-Lease / Lease Up | Jun 2026 |
| 220 Meridian Phase II | 220 North Meridian Street | Indianapolis | IN | 46204 | 57 | Under Construction | Jul 2026 |
| Ingalls Creek Flats | 1200 Commerce Dr | Pendleton | IN | 46064 | 240 | Under Construction | Jul 2026 |
| Cole Motors North Redevelopment | 752 E Market St | Indianapolis | IN | 46202 | 213 | Under Construction | Jul 2026 |
| The Michelle | 6800 West Kilgore Avenue | Yorktown | IN | 47396 | 90 | Under Construction | Aug 2026 |
| The Benjamin | 9310 East 56th Street | Lawrence | IN | 46216 | 220 | Under Construction | Aug 2026 |
| The Arley Apartments | 14956 Eaves Way | Noblesville | IN | 46062 | 278 | Under Construction | Aug 2026 |
| Pembroke Place | 130 E Washington St | Indianapolis | IN | 46204 | 179 | Under Construction | Sep 2026 |
| Ambrose On Main | 402 E. Main Street | Westfield | IN | 46074 | 87 | Under Construction | Nov 2026 |
| Silver Collection at Saxony | 13450 Dockside Dr | Fishers | IN | 46037 | 362 | Under Construction | Nov 2026 |
| The Union Flats | 11433 Union St | Fishers | IN | 46037 | 251 | Under Construction | Nov 2026 |
| LEO at Carmel | 317 E 146th St | Carmel | IN | 46033 | 350 | Under Construction | Dec 2026 |
| Icon on Main | 1017 W Main St | Carmel | IN | 46032 | 266 | Under Construction | Dec 2026 |
| Monon Square North | 620 S Rangeline Rd | Carmel | IN | 46032 | 248 | Under Construction | Dec 2026 |
| The Crossing at Fishers District | 9279 Carnelian Dr | Fishers | IN | 46037 | 250 | Under Construction | Jan 2027 |
| The Solstice | 7001 S Indianapolis Rd | Whitestown | IN | 46075 | 288 | Under Construction | Jan 2027 |
| Elevate Keystone | 8468 Union Chapel Rd | Indianapolis | IN | 46240 | 84 | Under Construction | Mar 2027 |
| 8253 Harcourt Rd | 8253 Harcourt Rd | Indianapolis | IN | 46260 | 148 | Under Construction | May 2027 |
| New Palestine | South 600 West & US Highway 52 | New Palestine | IN | 46163 | 282 | Under Construction | Jul 2027 |
| Easton Grey | 5918 Rockville Road | Avon | IN | 46123 | 100 | Under Construction | Nov 2027 |
| Grand on Main | 219-219 W Main St | Carmel | IN | 46074 | 216 | Under Construction | Dec 2027 |
| 408 North Delaware Street | 408 North Delaware Street | Indianapolis | IN | 46204 | 256 | Planned | — |
| 501 Indiana Avenue | 501 Indiana Avenue | Indianapolis | IN | 46202 | 263 | Planned | — |
| LINK | 921 Virginia Avenue | Indianapolis | IN | 46203 | 204 | Planned | — |
| Marko on the Canal | 6280 North College Avenue | Indianapolis | IN | 46220 | 69 | Planned | — |
| Palladium | 3601 US Highway 31 South | Franklin | IN | 46131 | 312 | Planned | — |
| Redwood | Hurricane Road& Upper Shelbyville Road | Franklin | IN | 46131 | 156 | Planned | — |
| Peabody | East 450 South & 575 East | Whitestown | IN | 46075 | 87 | Planned | — |
| West 99th Street & Michigan Avenue | West 99th Street & Michigan Avenue | Carmel | IN | 46032 | 360 | Planned | — |
| Avanza at Hyde Park | 12300 East 136th Street | Noblesville | IN | 46060 | 237 | Planned | — |
| The District at Hyde Park | East 141st Street & Brooks School Road | Noblesville | IN | 46060 | 300 | Planned | — |
| The Gateway at Hyde Park | Brooks School Road & Campus Pkwy | Noblesville | IN | 46060 | 236 | Planned | — |
| TTRES | USA Drive & USA Pkwy | Fishers | IN | 46037 | 272 | Planned | — |
| Village at Hyde Park | East 141st Street & Marilyn Road | Noblesville | IN | 46060 | 264 | Planned | — |
| Midland Pointe | 5890 Midland Pointe Blvd | Noblesville | IN | 46062 | 256 | Planned | — |
| Morse Village | East 206th Street & Hague Drive | Noblesville | IN | 46062 | 650 | Planned | — |
| Park and Poplar | Park Street & Westfield Blvd | Westfield | IN | 46074 | 247 | Planned | — |
| Parkside at Finch Creek Area D | NEC East 156th Street & Boden Road | Noblesville | IN | 46060 | 495 | Planned | — |
| The Trails of Westfield | 801 East 175th Street | Westfield | IN | 46074 | 223 | Planned | — |
| 119 East Railroad Street | 119 East Railroad Street | Greensburg | IN | 47240 | 78 | Planned | — |
| Berkley Road & West Blvd | Berkley Road & West Blvd | Kokomo | IN | 46902 | 216 | Planned | — |
| Mirae Trails | County Road East 100 North & Reed Road | Kokomo | IN | 46901 | 560 | Planned | — |
| 222 Alabama Street | 222 Alabama Street | Indianapolis | IN | 46204 | 186 | Planned | — |
| Gold Building | 151 East Ohio Street | Indianapolis | IN | 46204 | 354 | Planned | — |
| The Granary | 699 South 9th Street | Noblesville | IN | 46060 | 225 | Planned | — |
| Vita of Westfield | 17748 Spring Mill Road | Westfield | IN | 46074 | 164 | Planned | — |
| Ten20 North | 921 Jackson Street | Columbus | IN | 47201 | 120 | Planned | — |