A plan to build a new house of worship in Fishers on land now occupied by the Gray Eagle Golf Course driving range and clubhouse has raised red flags from nearby homeowners and at least one member of the Fishers City Council.
One & Two Penn Mark contain 243,271 square feet of Class A office space, and are 82 percent occupied.
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
The project could take shape on property directly adjacent to the City Market, in addition to $8 million in renovations planned to spiff up the Gold Building and a neighboring office complex.
The 12.5-acre tract has been acquired by a member of the car-dealing Wood family, but its intended use remains a mystery.
In two acquisitions totaling nearly $9 million, one firm plans to expand an existing business park while the other has a big logistics facility in mind.
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.
The program is believed to the first of its kind in the Midwest, providing graduate-level classes on financial, management and development skills.
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
The massive deal—which includes 6.6 million square feet of space spread across 71 buildings that are in operation and five that are under construction—will leave Duke as solely an industrial real estate company.
Mayor Mark Myers, a second-term Republican, hopes to take a page from the playbooks of Carmel and Fishers, which have drawn more residents downtown by creating a commercial and residential hub.
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Kite Realty Group Trust saw higher revenue and better-than-expected funds from operations in the first quarter, but profit slipped.
The Indianapolis-based real estate investment trust saw higher revenue and profit in the most recent period.
