Zionsville sticks with big-box ban despite growth push
Even as retail development continues to proliferate just outside Zionsville’s borders, town officials say they remain committed to an 8-year-old zoning ordinance banning big-box stores.
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Artist Noel to sell Sanctuary in Zionsville, relocate to New York City
Nancy Noel is putting the massive gallery and event space on the market for $1.85 million. She’ll keep her residence in the area, but plans to open a gallery in the Big Apple.
Prominent criminal lawyer: Airport site for complex ‘cannot work’
A spokesman for Indianapolis Mayor Greg Ballard said the airport site hasn’t officially been selected, although it did score highest among sites the city evaluated.
Proposed criminal justice complex draws five bidders
In the meantime, city officials are arranging to meet with lawyers, judges and residents who are concerned about moving jails and courts from downtown’s core.
Local developer Keystone buys north-side office park
An affiliate of Keystone Realty Group has bought Waterplace Office Park on North Meridian Street and plans to make a major investment in the property in hopes of improving occupancy.
Kite paying $1.2B for rival real estate developer
Kite Realty Group Trust will remain in Indianapolis after the purchase, which will balloon its holdings to 131 properties covering 20 million square feet of shopping center space in 26 states.
Architecture firm closing, renovated HQ on block
A2SO4 Architecture LLC has begun to wind down operations as a bank forecloses on a couple of construction loans for its new headquarters with a total balance of more than $1 million.
$80M project on tap for Keystone at the Crossing
A local developer plans to build a hotel, apartments, offices and retail space on the last two vacant parcels in Keystone at the Crossing.
Capital Center honored as outstanding building
Capital Center, a downtown twin-office-tower complex, has been honored with The Outstanding Building of the Year award for central Indiana by the Building Owners and Managers Association.
Mall giant Simon beating back perceptions of Internet threat
Brick-and-mortar retailers experienced a rough holiday season, and the doldrums continued through January—fueling hand-wringing among investors and other observers over whether the Internet has permanently diminished the American shopping mall.
City committee again delays vote on MSA tower’s financing
Members of the Metropolitan and Economic Development Committee said they needed more information on Flaherty & Collins’ proposed $81 million high-rise project on the former Market Square Arena site.
Longtime Simon Property CFO stepping down
Stephen Sterrett joined the predecessor to Simon Property Group Inc. in 1989, before the retailing giant went public in 1993 and eventually became the world’s largest mall developer.
Simon purchases Long Island land from rival Taubman
Simon also purchased the company’s 50-percent stake in Arizona Mills Taubman received $230 million in Simon Property shares and $60 million in cash for the two transactions.
Simon posts strong quarter as mall occupancy strengthens
Occupancy in Simon’s malls climbed to 96.1 percent in the fourth quarter, up from 95.3 percent in the year-ago period as total sales per square foot increased to $582 from $568.
Leadership change afoot at Summit Realty
Bill Ehret, one of the firm's co-founders, relinquished his title as co-managing partner to Brian Zurawski, who joins Matt Langfeldt in leading the firm.
Duke Realty reports strong quarterly, annual results
The Indianapolis-based real estate developer said it earned a profit in both the fourth quarter and entire year after reporting losses in 2012.
New owner for 14 West building targeting another restaurant
A recently retired CEO bought the historic building at 14 W. Maryland St. After renovations, he hopes to attract a national chain to the space.
Westfield center brings nearly $3.6M
Marcus & Millichap listed the property at 701 E. Main St., which brought nearly $3.6 million, or 95 percent of the asking price.
Design of new downtown fire station to get first review
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.
Foes of $25M Broad Ripple project go to court
The local group wants a judge to overturn the city’s decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.