Simon executives told analysts during a conference call Wednesday that the company has added 200 restaurants to its tenant mix in the past five years, 53 of which should open either this year or in 2017.
The mall owner said funds from operations, a key performance measure, remained flat, but they beat analyst estimates by a penny.
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.
The Indianapolis Colts organization is getting a break on rent for its 20,000-square-foot hanger at Indianapolis International Airport after doing some rehab work.
Fishers officials have drafted a plan to market 211 acres at Indianapolis Metropolitan Airport for commercial development. The Indianapolis Airport Authority gave its blessing Friday morning.
Most U.S. malls are still dependent on department stores to draw customers, but with consumers doing more shopping online, retail centers are increasingly relying on restaurants, entertainment amenities and even medical facilities to attract traffic.
Mission Peak Capital sees a big upside in spiffing up the buildings near Cummins’ new office project and a planned 28-story apartment building.
The Hatch plans to target creative types with its art studios, recording booths, green screens and more. It’s slated to open in early August.
Plans for a controversial three-story “digital canvas” have been dropped from the Mass Ave development’s design. Developers also replaced the Montage on Mass name with a different one.
Two developments totaling $50 million are in the works on the western edge of Speedway as officials look to create a gateway into the town from Crawfordsville Road.
A specialist in terra cotta will assess the integrity of the structures and suggest options that could range from on-site reinforcement and preservation to off-site storage and eventual reconstruction.
The potential development, known as 200 West, would have included a mix of single-family homes, multifamily housing and a commercial section on a 4.3-acre property to the west of Sycamore and Main streets.
Fortville in Hancock County has been a sleepy, one-stoplight town for years. But officials suspect that’s about to change, based on Fishers’ swelling population, and are preparing accordingly.
Nearly an entire city block in Fountain Square soon could be redeveloped, with five old buildings getting torn down and a new five-story project springing up with retail space and 94 apartments.
Paradise already had indicated to its landlord that it wouldn’t renew its 10-year lease for the 4,700-square-foot space, which expires next year.
Retail real estate firm WP Glimcher denied last week that it was in talks to merge with Indianapolis-bases Kite Realty Group Trust. Now its CEO is gone, and directors are reevaluating its portfolio.
The Department of Metropolitan Development is soliciting bids for masonry, roofing, skylight and steel work at the 130-year-old downtown landmark.
