City development officials said the plan should “respond to emerging challenges confronting the Castleton area, including evolving national shifts in commercial retailing and aging commercial, office and multifamily areas.”
First Internet Bank agreed to acquire 11 parcels on the south side of 116th Street for $10 million, with Fishers agreeing to reimburse the bank for land acquisition costs.
As one of Hamilton Crossing Centre’s key tenants prepares to close its doors, the future of the Kite Realty development along Meridian Street in Carmel remains unclear.
If approved, CharlesTowne at Grand Park Village would be built on 12 acres near the intersection of Wheeler Road and 186th Street.
Located less than two blocks from Monument Circle, the 120-year-old building could reopen as early as 2019 as a millennial-friendly Aloft property.
Once populated largely by cornfields, the landscape at the intersection of I-65 and Whitestown Parkway has exploded in recent years with retail and restaurant projects. A smattering of hotels has followed, and two more projects now are in the works.
Mall landlords, besieged for the past two years by the rise of online shopping and retailer bankrupties, are trying to push a new narrative of improving sales and increased demand for empty space at their properties.
St. Louis-based Integris Ventures and New York-based Starlight Equity Partners paid about $3.1 million to purchase the seven-story building. It plans several more acquisitions in Indianapolis.
Records provided to IBJ give behind-the-scenes insight into the all-hands-on-deck effort to attract the $5 billion project to Indianapolis, including setting up secret meetings, weighing several possible sites, and discussing “creative” incentives such as building a charter school on the prospective campus.
Emmis Communications is seeking rezoning for 70 acres of land it owns in booming Whitestown to make it more marketable.
The Indianapolis-based shopping mall giant also raised its full-year forecast after exceeding forecasts with its financial results.
Carmel-based Becknell Industrial wants to construct more than 1 million square feet of space in total.
The 13,000-square-foot facility is slated for the site of a former discount retailer, located a block east of the center of Fountain Square’s resurgent commercial and cultural districts.
The 3,800-square-foot restaurant will maintain much of the menu of the original but add Neapolitan pizza, flatbreads and other elements suitable for lunch patrons.
The mall posted higher profit and improved sales per square foot in 2017, though retail observers say it remains at a crossroads following the closure of its last department store, Carson’s.
The proposed 60-acre commercial development has been taken off the drawing board after Indy Fuel owners Jim and Sean Hallett decided to drop plans for a $25 million sportsplex that was to serve as anchor of the project.
The vacant three-story structure dating back to the 1880s has a new owner, which plans to convert it to co-working space for technology companies.
The two businesses closed this spring, but a new owner has purchased both shops and is reopening them under one name in the 96-year-old Irvington Masonic Lodge property, which also recently changed ownership.
A proposal to build an 88-room extended-stay hotel on Old Meridian Street in Carmel is gaining traction after city leaders and the neighboring Veterans of Foreign Wars Post 10003 had initially opposed it.
The building, which sits on a 1.7-acre lot at 120 E. Walnut St., has served as the district's home since 1960.
