Whole Foods confirmed as Market Square anchor
The specialty grocery chain will occupy 40,000 square feet on the ground level of the $81 million development slated to be built on a portion of the former Market Square Arena site.
Scott Olson
Articles
HHGregg launches rebranding effort to improve sales
The electronics and appliance chain has unveiled a new logo and advertising spots, in addition to improvements to its website and delivery service, as it attempts to keep pace with competitors.
Veteran real estate exec takes helm of DTZ office
David Reed, who once led CBRE’s local operations, has joined Chicago-based DTZ as a managing director, a post that will put him in charge of growing the company’s Indianapolis presence.
Circle Centre reports higher occupancy, lower revenue
New tenants including Granite City Food and Brewery and Firehouse Subs helped boost Circle Centre mall’s occupancy to nearly 90 percent in 2013, but sales per square foot and revenue slipped.
Precedent Office Park owner cashes out at steep loss
The owners of the 19-building Precedent Office Park are poised to unload the massive property, but at a price much cheaper than what they gave nine years ago during the height of the real estate boom.
Marsh set to dominate downtown grocery market
When the new downtown Marsh grocery debuts later this month, it will give the local supermarket chain a lock on the urban core—at least until the arrival of another competitor expected with redevelopment of the Market Square Arena site.
South-side institution closes after 31 years serving meals
Sisters’ Place, known for its homestyle cooking, has closed. But another restaurant is slated to take the space just off Madison Avenue south of Interstate 70.
Flaherty becoming mixed-use master
Developer’s Flaherty & Collins is gaining a reputation developing trendy projects, the latest of which is a 28-story retail and residential tower on the site of the former Market Square Arena.
Two downtown office towers poised to get new asset manager
Sam Zell’s Equity Group Investments would step in at Chase Tower and PNC Center, replacing a firm accused of conflicts of interest and underperformance.
Deylen finalizes design for Slate in Fletcher Place
The $10 million, 68-unit mixed-use apartment project at 501 Virginia Ave. will include 9,900 square feet of ground-level retail space along the Cultural Trail. Construction is set to start in mid-May.
Competition spurs Butler to launch blitz of renovation, construction
Butler University plans to add new residence halls, construct a larger facility to house its business school, and renovate existing academic buildings and dormitories as part of sweeping upgrades at the private school.
Finish Line’s chain of running stores ‘turning a corner’
The Finish Line Inc.’s 48-store specialty running chain has been stuck in neutral and unable to grind out a profit since its inception three years ago. But the Indianapolis-based athletics retailer thinks its Running Specialty Group is poised at least to break even this year after reporting small losses every year since 2011.
Update: Mo’s set for downtown return in June
Mo’s…A Place for Steaks is taking the space on East Maryland Street vacated by Lorenzo’s Ristorante earlier this month. Mo’s underwent a name change at its South Pennsylvania Street location last fall, leading to its return.
Milhaus planning condos in Chatham Arch neighborhood
Milhaus Development, whose downtown apartment projects include Artistry and Circa, plans to build between 60 and 90 condos in a roughly one-block area in the Chatham Arch neighborhood that’s now home to a church and warehouse.
Council sues city over public safety lease deal
The City-County Council wants to force officials to produce documents relating to the controversial lease of the public safety operations center on the east side. It was vacated in September due to safety and health code violations.
Update: New Buggs Temple tenant opening in May
One of the city’s largest caterers, Thomas Caterers of Distinction Inc., on May 2 will unveil Canal 337—a name taken from the temple’s address at 337 W. 11th St., along the Central Canal.
Simon posts strong quarter on higher mall occupancy
The nation’s largest mall owner reported a 16.1-percent increase in first-quarter funds from operations as demand for retail space in outlet centers climbed.
Broad Ripple landmark has new owner
Monon Housing Partners LLC bought what’s known as Mustard Hall near the southeast corner of Broad Ripple and Guilford avenues and is seeking tenants for the building.
Chatham Tap crew buying ex-church for brewery, restaurant
The owners of two popular pubs on Massachusetts Avenue are delving into the trendy micro-brewery business with plans for a brewery and restaurant in a historic former church a few blocks away.
New downtown restaurant lands Bluebeard culinary whiz
The owners of Westfield’s popular Local Eatery and Pub are opening a new restaurant in the Ambassador building. Its kitchen will be captained by the former co-executive chef of Fletcher Place hotspot Bluebeard.