Indianapolis-based Simon launches online shopping platform
The platform, called SPO, focuses on Simon’s Premium Outlet properties and is now in beta testing with the company’s VIP Club customers.
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Symphony explores office move from Washington Street landmark
The Indianapolis Symphony Orchestra is conducting a feasibility study on its office space needs that could lead it to leave the 17-story, 107-year-old building it owns behind Hilbert Circle Theatre.
Saraga to open expansive international grocery store near Castleton Square
The locally based international grocery store chain has acquired a long-vacant Target store in Castleton and the adjoining retail center.
Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
Attorney renovates bank near criminal justice center campus, seeks office tenants
The owner of Dean-Webster Legal LLC and her husband bought the 1.7-acre parcel last year and hope to attract other professionals who want a straight shot up Southeastern Avenue to the campus.
New owner of historic White Castle building ordering up rehab
Jason Hartman plans to fix up the turreted downtown building—one of White Castle’s first generation of fast-food restaurants—and lease it to a new user as retail, office or live-and-work space.
New developer tackles downtown projects in smaller towns
Rebar Development launched just over a year ago, and already the small team has won three projects that are the result of public-private partnerships with metro-area communities.
IPS sells maintenance buildings for $2.75M
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
Daredevil Brewing Co. to open taproom at Bottleworks District
Daredevil, named the state’s Brewery of the Year in 2017 and 2018, has lined up space in the Garage Food Hall at the Bottleworks District on Mass Ave, developer Hendricks Commercial Properties announced Tuesday.
Flaherty & Collins plans $170M Michigan project
The project in suburban Detroit will include 500 apartments, a 200-room hotel, 20,000 square feet of retail and dining space, and a 30,000-square-foot grocery.
Kite Realty to unload up to $500M in properties
The Indianapolis-based retail real estate firm hopes to pay down debt, improve the quality of its assets and focus on preferred markets. Its shares fell on Wednesday after it revealed the plan and underwhelming quarterly results.
Fishers firm buys Joe’s Crab Shack site in Clearwater with plans for new HQ
A real estate developer has purchased the former site of the seafood eatery and applied for a property tax break from the city of Indianapolis on its planned $1.6 million renovation.
Panel pitches overhauls of Irvington properties, but without owner input
The out-of-town group hired by the city has suggested pursuing some big ideas for mixed-use and recreational developments, but it hasn’t talked with the owners of the properties in question.
Developer seeks OK for 16-story addition to historic downtown tower
The owner of a historic downtown office building that’s being redeveloped into a hotel is seeking city approval to build a towering addition that would replace most of an adjacent 96-year-old building.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Developer of The Yard in Fishers eyes adjacent land for another project
Thompson Thrift Retail Group has plans to purchase a combined 8.6 acres east of The Yard for a development that could include retail, office, townhomes and a boutique hotel.
Craft-beer guru planning taproom in Greenwood with ax-throwing hook
The investor group behind Tap & Axe, which includes the founder of craft-focused Hoosier Brewing Co., expects to spend more than $500,000 in the end to buy and renovate its 109-year-old downtown location.
Deal with Ozdemir paves way for Purdue Polytechnic High School to open in Broad Ripple
For at least one year, the school would operate out of a building just east of Broad Ripple High School that Ozdemir's Keystone Group is buying.