Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
About 175 underperforming Gap stores will close in North America as part of a comeback plan for the business, which has posted sales declines for five straight quarters and lagged behind its sister chain Old Navy.
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Target Corp. has agreed to sell its pharmacy and clinic businesses to the drugstore chain CVS Health Corp. for about $1.9 billion in a deal that combines the resources of two retailers seeking to polish their health care reputations.
Indianapolis-based VS Engineering was chosen to repair and rebuild the Cedar Ford Covered Bridge that once spanned the Little Blue River north of Shelbyville.
Opponents of a proposed $450 million central Indiana reservoir are vowing to continue their efforts to stop the creation of a commission that would handle planning for the proposed Mounds Lake Reservoir, a 2,100-acre lake stretching seven miles through Madison and Delaware counties.
The Noblesville City Council approved a rezoning request for the Toyota dealership aspect of the project Tuesday, but development deals for a new road, housing, a transit station and drainage improvements were dropped.
Indiana Office of Management and Budget Director Chris Atkins will leave June 26 to become senior vice president of Mainstreet, a Carmel-based nursing home development company.
Town officials hope plans for a roughly five-story, $70 million mixed-use project will spur additional development and help transform the nondescript downtown into a cluster of retail and residential character.
The arts-focused Big Car Collaborative, birthed in Fountain Square in 2004 and most recently headquartered at Lafayette Square Mall, has found a permanent place to park on Indianapolis’ south side.
The two blocks on the western edge of Carmel’s Arts & Design District are residential, at least for now, but that’s expected to change as the population grows by 1,500 every year and the city continues its quest to create a walkable community.
Gov. Mike Pence said the proposed $450 million project could help the state's long-term water needs and provide a fresh way of attracting investment and people to the Anderson area.
Builders filed 497 single-family permits in the nine-county metropolitan area in May, a 6-percent decrease from May 2014. Permits have fallen on a year-over-year basis for two straight months and in three of the last four.
David Worthington, who in 2013 launched Brewery Tours of Indianapolis, now is tapping into the burgeoning craft beer scene with Sanctuary Brewing Co. It should open by Labor Day.
The Riley Area Development Corp. has proposed placing the container near Davlan Park at the northeast corner of Massachusetts Avenue and Alabama Street to compensate for the loss of galleries in the district.
The City-County Council's rejection on Monday paves the way for Giant Eagle to demolish the historic church and build a gas station on the property, unless the town of Cumberland can find another way to stop it.
The school district is using a bidding process to attempt to unload the vacant buildings, including the downtown Phillips Temple.
The City-County Council voted 16-13 Monday night against considering a scaled-down plan for a new Marion County criminal justice center.
Ben Hunter, who represents the district where the church faces demolition, said he doesn’t plan to challenge the rezoning of the property. The full council is expected to vote on the matter Monday evening.
