2 new tenants taking long-vacant big boxes
Two vacant big boxes are getting new users: Burlington Coat Factory at the northeast corner of 82nd Street and Allisonville Road, and The Tile Shop along U.S. 31 just south of Stop 11 Road.
Cory Schouten
Articles
Fast-growing One Click lands $1M state incentive deal
A Greenwood e-commerce company could collect $1 million in state tax credits and training grants if it succeeds in hiring 109 new employees over the next five years.
Fast-food roundup: Dunkin, DQ, McAlister’s, Wendy’s, Panda Express, Fast Burrito
Our roundup of new fast-food and fast-casual restaurants including Dairy Queen, Wendy’s and McAlister’s will provide plenty of fodder for the anti-chain crowd.
Marsh CEO Kelley quits for job in New England
Marsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the Fishers-based chain launched a search for its third chief executive in a little more than a year. The company named Chief Operating Officer Bill Holsworth as its interim CEO.
Marsh Supermarkets CEO resigns after just 1 year
Marsh Supermarkets CEO Joe Kelley abruptly resigned Tuesday, and the locally based chain launched a search for its third chief executive in a little more than a year.
Litigious Aristocrat owner seeks parking variance after opposing one for Calle 52
The owner of Aristocrat Pub & Restaurant fought all the way to the Indiana Supreme Court against a parking variance for a proposed competitor, but now he’s seeking a similar variance of his own.
Shareholder group advises against Simon CEO bonus pay
Simon Property Group Inc. is firing back at a corporate governance advisory firm that has recommended Simon shareholders vote against an employment agreement for CEO David Simon that includes a $120 million retention award.
New charter school proposed for North Meridian Street
An Arizona charter school operator serving middle and high school students has filed plans to build a two-story school at Meridian and 22nd streets.
Kite reports narrow loss as revenue rises
Kite Realty Group Trust Inc. reported a narrow first-quarter loss as a healthy revenue increase and a gain on the sale of an out-of-state shopping center were partially offset by a $1.3 million litigation charge.
Georgia Street redevelopment looking old already
The newly spruced-up stretch of Georgia Street between the Indiana Convention Center and Bankers Life Fieldhouse is looking older than its age. Stone pavers are dislodged and stained. The wooden boardwalk is badly discolored. Bollards are askance after taking hits from errant vehicles.
Growth tear swells Simon Property Group
Simon Property Group Inc. this year joined the Standard & Poor’s 100 Index, a listing of the nation’s largest and most established companies including Apple, Coca-Cola and McDonald’s. The Indianapolis-based company is the only real estate company on the list and is now the largest real estate company in the world.
Local developer files to go public in Canada
A locally based developer and owner of senior health care centers has filed to go public as a real estate investment trust in Canada.
Taggart Memorial returns to Landmarks’ endangered list
The deteriorating Thomas Taggart Memorial in Riverside Park is the only Indianapolis property on this year's 10 Most Endangered list from Indiana Landmarks.
Simon boosts dividend after gains in sales, occupancy, rent
Simon Property Group Inc. said sales at its U.S. malls jumped 11.2 percent in its most recent quarter, to $546 per square foot. Simon malls were 93.6-percent occupied, up from 93 percent.
Best Buy’s turnaround may pinch HHGregg
The struggling electronics chain Best Buy has launched a turnaround strategy that borrows more than a few pages from the playbook of competitor HHGregg.
Canal Walk popular, but full of opportunities missed
City leaders once envisioned the Canal Walk as a bustling pathway lined with restaurants and shops, but residential and office buildings have sprouted instead on most of the parcels along the meandering 1-1/2-mile stretch–making it more of a local amenity than a visitor attraction.
New rendering: Mozzo work begins along Virginia Avenue
Milhaus Development is scheduled to begin demolition next week on an old BMV branch to make way for the $6 million Mozzo Apartments along Virginia Avenue.
Milhaus buys 55 acres on Keystone to build 300 apartments
One of the most conspicuous local remnants of the condo crash—an unfinished $150 million South Carolina-themed community near Keystone at the Crossing—could finally be completed, as apartments.
Earth Fare grocery replacing Borders at Hamilton Town Center
An upscale supermarket chain focused on natural and organic products is taking the former Borders bookstore space at Hamilton Town Center. The store will be the first in Indiana for the privately held chain.
Castleton Square remix calls for larger Forever 21, H&M
Several big changes are in the works at the state’s largest shopping mall, including major expansions for fast-growing chains Forever 21 and H&M.