City Market proposals: Microbrewery, bicycle hub, agriculture showcase
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
A new English-style pub and restaurant is planned for Fountain Square, a new bakery is coming to Fishers and Firehouse Subs plans to open its second Indianapolis-area location near 86th Street and Michigan Road.
Two walkways that will connect to the new Marriott Place hotel will extend downtown’s network of skywalk and underground pedestrian
paths to a total of 12 hotels with more than 4,700 rooms–the most of any downtown in the United States.
The local construction company is drawing up plans for a mixed-use project with offices, a parking garage and retail space
on several parcels it owns near Capitol Avenue and 16th Street.
The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.
The owner of downtown’s Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would
add 54 apartment units and more than 4,000 square feet of retail space.
Home builder hopes to sell as many as 200 houses in region this year. Fischer, which entered the Columbus, Ohio,
market in 2008 after buying subdivisions from retreating builders, is using the same strategy to establish a foothold in Carmel,
Westfield, Zionsville and Avon.
Steak n Shake Co. CEO Sardar Biglari bought $290,000 worth of stock in the Indianapolis-based burger chain last week in another
big bet
the company’s shares are undervalued.
One of the city’s most prolific commercial real estate brokers is leaving the local office of Colliers Turley Martin Tucker
to join Chicago-based Jones Lang LaSalle.
Discount department-store chain Shoppers World has signed a deal to take over a shuttered Target store on the south side.
The city’s largest commercial real estate brokerage is breaking from Colliers International and dropping Tucker from its moniker
for the first time in more than 90 years.
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a
lease renewal.
The Flying Cupcake Bakery is opening a new location along Mass Ave next door to Scholar’s Inn downtown. Plus, more restaurant
news!
Clear Channel Outdoor is building Marion County’s first full-size digital billboard along Fall Creek Parkway on the
grounds of the Indiana State Fair. The first message might as well be: Take that, Indianapolis!
From 1999 to 2008, Steak n Shake Co. spent an average of $55 million a year to add dozens of restaurants and buy equipment
for existing
ones. In 2009, the locally based
chain spent just $5.8 million.
Morty’s Comedy Joint is slated to close for good on Jan. 4 after a four-year run at 3625 E. 96th St.
A major downturn in commercial real estate was inevitable, but the depths have surprised even seasoned industry veterans.
The Center Township Advisory Board has picked Buckingham Cos. to redevelop a 2-acre property it owns
at 860 W. 10th St. near the IUPUI campus.
Locally
based Buckingham Cos. has won the right to redevelop a 2-acre property at 860 W. 10th St. near the IUPUI campus.