Burlington plans department store at downtown’s Claypool Court
A 23,000-square-foot Burlington department store is expected to open this fall in the lower level of Claypool Court in space previously occupied by the Rhythm! Discovery Center.
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Florida REIT buys Brownsburg rehab hospital building for $39M
The building housing Community Rehabilitation Hospital West, a 40-bed inpatient rehab facility at 8920 E. 56th St., was bought by Sila Realty Trust Inc., of Tampa, Florida.
Family Leisure planning small-format store at Merchants’ Square in Carmel
The store will be a pilot for a new, smaller-scale format that Family Leisure plans to roll out across central Indiana and potentially in other markets nationwide.
Sun King planning taproom and food hall in downtown Westfield
Members of the Westfield Advisory Plan Commission unanimously approved a development plan for the taproom and food hall on Monday night.
Culinary Dropout restaurant chain to make Midwest debut at Nora Plaza
American comfort food specialist Culinary Dropout launched in Arizona in 2010 and operates 11 locations in five states. The chain is part of Fox Restaurant Concepts, which is owned by The Cheesecake Factory.
Gorton’s Seafood planning $89M production facility in Lebanon
The 110,000-square-foot facility is expected to employ 163 workers by 2029, Boone County and city officials announced Tuesday.
Foreclosure suit filed against owner of Wilshaw hotel property
Officials with the town of Speedway, which is not named in the lawsuit, said they are “carefully monitoring” the situation and in communication with the developers on the matter.
Hoosier Lottery to buy downtown building for $9.1M
The Hoosier Lottery has leased two floors of the building at 1302 N. Meridian St. since 2011.
Owner of downtown’s Capital Center listing two-tower complex for sale
Zeller Property Group, which purchased the 648,000-square-foot property in 2018 for $63 million, has spent more than $18 million to revamp the property. But its occupancy rate is just 61%.
Foot Locker, sneaker brands among users of former Carson’s space during All-Star Weekend
The space will house numerous activities, including an interactive LED half-court, retail offerings, basketball clinics, footwear customization stations and athlete appearances.
Commercial-property loans coming due in U.S. jump to $929 billion
Nearly 20% of outstanding debt on US commercial and multifamily real estate will mature this year, requiring refinancing or property sales.
Merchants’ Square shopping center in Carmel sold to North Carolina-based firm
The sale of Merchants’ Square to Big V Property Group from Jericho, New York-based Kimco Realty closed Monday for an undisclosed amount.
California-based jeweler opening first Indiana store at Fashion Mall
Founded by the husband-and-wife team of Jason and Gorjana Reidel, the chain began its expansion in 2017 and now counts more than 60 stores nationwide.
The RoomPlace to close all six Indianapolis-area stores
The restructuring plan will allow the business to refocus its efforts on strengthening its 18 Chicagoland stores, a news release stated.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
Menswear store to move to newly purchased downtown building with addition in the works
A couple whose custom menswear shop was looted during the 2020 downtown protests have doubled down on East Washington Street.
Developer unveils expanded plans for Lafayette Square after initial idea stalls
Fabio De la Cruz said if his vision is realized and partners participate as he expects, the total investment in the area could reach $700 million to $1 billion.
Office mandates don’t help companies make more money, study finds
New research suggests that office mandates can make workers less satisfied with their jobs and more likely to look for a new one.
CNO seeks buyer for 78-acre Carmel office campus with vision to redevelop site
The publicly traded firm, which said in June that it would move its operations to the OpenLane Inc. building at 11299 N. Illinois St., sees potential for residential and retail development and different kinds of office uses.
Motto hotel project in King Cole building delayed but still kicking, developer says
More than a year after the original projected completion, the $54 million hotel renovation project shows little evidence of progress. But work behind the scenes continues, the developer told IBJ.