The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.
The local real estate firm bought the Parkwood West building and 14 acres of adjoining land from Duke Realty, which is exiting the office market.
An iconic architectural landmark that would create a gateway to downtown is one of several features city officials want as part of a redevelopment of the former General Motors stamping plant site.
Nearby residents say the $15 million multi-use development shouldn’t be allowed and have asked a judge to review a decision to approve the project by the Indianapolis Historic Preservation Commission.
The Seattle-based coffee chain will no longer sell beer and wine at more than 400 U.S. locations, including as many as nine in central Indiana.
The owners of 54th & Monon Shops, a three-building complex, are nearly finished converting the former industrial area into a retail hub.
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
The longtime clothing retailer shut the doors to its Circle Centre mall location Dec. 24, while the one at Castleton Square Mall is set to close Saturday.
Kimbal Musk is nearing a deal to take over the former Double 8 Foods building on College Avenue, and New Zealand-based chain BurgerFuel has chosen Indiana for its first restaurant in the United States.
Downtown Indy has launched IN_fill, Designed to the Core, calling on Indiana architects to design a single-family home that can be built on an urban lot for $225,000.
The owner of the former General Motors stamping plant property plans to solicit bids for the site as early as next month and is expecting proposals to be much bolder than previous pitches.
Simon, the nation’s largest mall owner, is busy luring restaurants to fill space vacated by traditional retailers victimized by the growth of online shopping. Many retail landlords are seeking unconventional tenants to fill space.
Three major Indianapolis-based retailers struggling with declining sales replaced their CEOs this year as they tried to improve company financials.
Cunningham in the past seven years has opened Mesh, Bru Burger and Union 50 on Massachusetts Avenue. He launched Vida—where Amici’s Italian Restaurant once stood—in February, and followed up with The Livery on College Avenue in November.
Hendricks Commercial Properties' proposal calls for 337 apartments, 339,400 square feet of office space, and 67,225 square feet of retail. It also plans to construct a 132-room hotel and a 41,000-square-foot cinema.
Keystone Realty Group wants to rezone a 12.7-acre parcel at the northwest corner of East 86th Street and Keystone Avenue to construct the combination retail-office building.
Slumping sales of apparel led the Indianapolis-based athletic clothier to report a steep loss in its latest quarter.
The building on Prospect Street was constructed in 1872 and operated as a bar for more than a century. The area is quickly picking up momentum as development extends west from Fountain Square’s core.
Running 11 restaurants keeps Martha Hoover hopping. But the matriarch of the Patachou family is adding even more to her plate.
