Roundup: Broad Ripple T-shirt shop adding Carmel store; Stompin Barley opens
Plus: New places for chicken and popcorn downtown, another Stacked Pickle location, and an expansion by Biscuits Cafe.
Real Estate
Articles
Kite sees profit, revenue growth on improving occupancies
Kite Realty Group Trust on Wednesday reported second-quarter financial results that topped Wall Street expectations.
Duke Realty tops analyst predictions with quarterly results
The Indianapolis-based real estate company exceeded expectations in a key financial category and posted huge earnings thanks to the sale of its medical office business.
Area home sales increase amid rising prices, lower inventory
Sales have risen on a year-over-year basis in 18 of the last 20 months.
Local apartment complex sells for state record $90.6 million
The second-largest apartment property in Indianapolis has traded hands for more than twice as much as it sold for just eight years ago.
Sports retailer stocks fall as Hibbett posts gloomy outlook
Hibbett, a sporting goods chain with more than 1,000 stores, including several in the Indianapolis area, announced bad news Monday morning. Shares of its competitors, such as Indianapolis-based Finish Line Inc., also fell.
Distillery opening tasting room, eatery in newly vibrant East 16th Street area
West Fork Whiskey will move from the northwest side and expand from a production facility to offer whiskey by the glass, plus dining, a bar and a lounge.
Aging Anderson apartment complex getting new life
The Delaware Court Apartments in Anderson, which opened in 1926 and have been vacant since 2013, are being renovated.
Developer wants land in Greenwood zoned industrial
The 350 acres is mostly farmland but does include about a dozen homes.
Carson’s in Circle Centre is part of reeling department store firm
The parent company of Circle Centre mall’s sole anchor, Carson’s, is facing steep challenges, with some retail experts wondering whether it will be the next big chain to collapse.
Simon, Kite seek to dispel ‘retail apocalypse’ narrative
Some portfolio managers believe the market is painting the retail sector with too broad a brush. Yes, they say, many malls will go under, as will many retailers. But developers focusing on high-end properties—a description that fits both Simon and Kite—should fare just fine.
$20M hotel to be loaded with eateries
Ironworks Hotel Indy will feature 15,000 square feet of street-level retail space, including Blue Sushi Sake Grill, Massage Heights and Cunningham Restaurant Group’s Rize. Cunningham also will operate Provision in second-floor retail space.
Area home builders continue to see rising demand
Home builders filed 653 single-family construction permits in the nine-county area in June—the busiest month since August 2007, when 722 permits were filed.
Roundup: Carmel winemaker expanding downtown; butchery taking Fountain Square space
Milhaus has attracted three retail tenants to its new 747 apartment building on Mass Ave, while the vacant Marrow space has added some meat to its bones.
Kroger lays out plans for 11 former Marsh grocery stores
Kroger said it will first focus on reopening seven of the stores, spending $20 million on renovations.
City preservation officials sign off on $260M Bottleworks project
After months of discussions, the Indianapolis Historic Preservation Commission on Wednesday approved the design of a massive development that could transform the northeast end of Massachusetts Avenue.
Duke Realty moving up to S&P 500 stock index
S&P Dow Jones Indices on Wednesday said the Indianapolis-based real estate investment trust would be moved from the S&P MidCap 400 index to the S&P 500 index starting July 26.
Carmel awards $28.8M contract for 96th and Keystone roundabout
The Carmel Board of Public Works approved the agreement with a Goshen-based construction contractor at a meeting Wednesday morning.
Circle Centre announces additions to tenant mix
A store that specializes in denim, a new eatery and a souvenir shop have set their sights on the downtown shopping center.
UPDATE: Hamilton County residents question mystery development
Landowners in Hamilton County are being offered as much as $40,000 an acre by real estate agents, but it's unclear what plans are in the works.