Kroger sells north-side plaza for $8.5M but agrees to remain tenant
A firm that specializes in real estate anchored by groceries has closed on the purchase a 104,678-square-foot shopping center dominated by a Kroger supermarket.
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UPDATE: Kite Realty to acquire Illinois-based REIT for about $2.8B
The combination of Indianapolis-based Kite Realty Group Trust and Oak Brook, Illinois-based Retail Properties of America Inc. will create a company worth $7.5 billion that will continue to operate under the Kite name.
Indiana preservationists to focus on animals in architecture
Indiana Landmarks, a statewide preservation group, and the Indiana War Memorials Commission is hosting the Indy Downtown Safari on July 31.
Crown Liquors eyeing Fountain Square for large, high-end store
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
Renovated box factory anchors plans for 40-acre campus in neighborhood dubbed NOMA
Over the last two years, the Stenz Construction Corp., Third Street Ventures and Pure Development have undertaken a $25 million renovation of the former U.S. Corrugated Box Co. building.
Fishers might soon require council OK for new big-box store tenants
The Fishers Plan Commission voted in favor of a proposal Wednesday that would allow the city council to review, approve and set conditions for certain tenants interested in moving into a building with a floor area of 25,000 square feet or greater.
The Wine Market in Fountain Square taking over high-profile Pioneer building
The Wine Market, which opened on Virginia Avenue in 2017, is bursting at the seams. Its owners are investing more than $2 million to buy and renovate a new space in the heart of Fountain Square.
Rolls-Royce confirms plans to consolidate downtown office space
Citing multiple sources familiar with the project, IBJ first reported on the company’s overall plans June 17. Rolls-Royce said Monday that it does plan to vacate two of the three buildings at the Meridian Center campus, but said it would continue to occupy a different building than earlier reported.
Downtown heliport’s exit could clear way for redevelopment
The Indianapolis Airport Authority on June 18 agreed to work with city officials to find a new use for the 4.9-acre property at 51 S. New Jersey St.
23-story apartment tower proposed for downtown Indianapolis
If built as proposed, the tower would be the tallest structure to be built downtown since the 28-story 360 Market Square building was completed in March 2018.
Sources: Rolls-Royce planning to vacate two-thirds of its downtown campus
The United Kingdom-based aircraft engine manufacturer is expected to jettison about 270,000 square feet of office space on its 2.2-acre campus at 450 S. Meridian St. About 3,000 people worked in the company’s downtown offices prior to the pandemic.
Instant-delivery firm GoPuff quietly expanding roster of Indy fulfillment centers
Philadelphia-based GoPuff, a fast-growing company that entered the Indianapolis market in 2018, currently operates three micro-fulfillment centers here and plans to open two more.
Owner of Carmel’s Clay Terrace files for bankruptcy
Washington Prime Group, which filed for bankruptcy Sunday, said it may end up selling some or all of its properties as part of its restructuring. The company also owns several other local retail centers.
Outdoor-storage firms prepare to scout for land amid growth
The number of properties focused on or allowing outdoor storage is limited—and there’s little indication that that will change anytime soon.
Family farm sells for $10.6M, paving way for 250 acres of industrial developments
Opus Development Co. plans to develop up to four buildings on the land in the Mount Comfort corridor, including a 862,000-square-foot distribution facility for Atkins Nutritionals.
Longtime developer Chambers named Indiana secretary of commerce
Brad Chambers, who founded Indianapolis-based powerhouse development firm Buckingham Cos. in 1984, will take his new position July 6. He’ll succeed Jim Schellinger, who stepped down abruptly in March after 5-1/2 years on the job.
Twin Aire waits to see what Community Justice Campus will bring
Seven months before the bulk of the campus opens southeast of downtown, neighborhood residents are waiting to see if the promise of accompanying redevelopment comes to pass.
With Pittman family suits settled, developments in Carmel, Zionsville to proceed
The five children of late heart surgeon and real estate developer John N. Pittman have reached a legal agreement after years of fighting over the management of their father’s estate. As a result, The Bridges in Carmel and The Farm at Zionsville can proceed.
Holladay Properties proposes $25.5M in new Westfield warehouse projects
South Bend-based Holladay Properties is asking the city of Westfield to grant it a tax abatement to offset the costs of developing three speculative buildings in NorthPoint Industrial Park.
Up to $250M investment planned for former Angie’s List site
Preliminary plans call for the construction of new office structures, multifamily properties, retail space and parking garages to fill in most of the site, now known as Elevator Hill.