City: $60M needed to make Circle more pedestrian-friendly
The project would entail reconstruction of the brick-paved Circle and adjacent blocks along Meridian Street and Market Street. Work could begin in 2016.
Real Estate
Articles
Chemical cleanup planned at old factory site
The trust created to revitalize and market former General Motors properties has set aside about $7 million to clean up a contaminated site in Kokomo where a factory stood from 1915 to 1993.
Tepid U.S. retail sales spark concern about economy
Bleaker outlooks at retailers like Wal-Mart and Macy's are raising doubts that consumers will spend enough in coming months to lift the still-subpar U.S. economy.
Pittman family finally moving forward on mixed-use Zionsville project
After decades of choosing to wait, a Zionsville family is moving forward with a $90 million mixed-use project on the high-profile corner of Michigan Road and Sycamore Street.
Broad Ripple apartment project gets preliminary approval
The controversial residential-and-retail development along the Central Canal got the nod from a city hearing examiner on Thursday. A zoning change and variances for the project still require additional approval.
Endangered Phillips Temple avoids demolition, for now
The historic but vacant structure at 1226 Dr. Martin Luther King Jr. St. has attracted a few potential buyers, prompting Indianapolis Public Schools to delay demolition of the building pending a deal.
Indy-based Lids to open 200 outlets in Macy’s stores
The arrangement is considered an inexpensive way to expand Lids’ reach into large, sports-centric cities. But Wednesday’s earnings report from Macy’s indicates consumers aren’t spending as much on apparel.
Area home sales decline for first time in 2-plus years
The pace of home-buying has fallen due to higher mortgage rates, rising prices and lower inventories.
IndyFringe’s theater addition to get boost from developer
The theater group’s plans for a 2,100-square-foot addition at its home base near Mass Ave. will receive in-kind construction services from Milhaus Development LLC, which is building its Circa project just to the south of IndyFringe’s headquarters.
Adjacent Chatham Arch properties could attract redevelopment
The roughly one-acre properties at 625 E. 11th St. and 602 E. 10th St. encompass an entire city block.
Indianapolis-area homebuilding filings jump 35 percent
Year-to-date, local single-family-building permit filings have risen 27 percent from the same period a year ago.
Retailers see slow start to back-to-school season
Shoppers are holding off on back-to-school shopping, and those who delay long enough might be rewarded with some steep discounts from desperate retailers.
Flaherty making big pitch on Range Line Road project in Carmel
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
Simon suffers setback in antitrust suit
A federal lawsuit alleging monopolistic behavior by Simon Property Group Inc. likely will proceed to trial after a federal judge in South Bend denied a motion by the Indianapolis-based mall giant to dismiss the 3-year-old case.
Indiana lawsuit about cold beer sales faces uphill battle
States are viewed as having wide latitude to regulate alcohol sales.
Trust invites bids on GM stamping plant property
The owner of the 102-acre site has selected 12 companies and asked them to submit redevelopment plans. A deal could be announced by the end of the year.
Meijer plans to hire more than 9,000 in five states
The Grand Rapids-based company says it wants to hire 1,800 in Indiana. Most of the new positions will be part-time.
Preservationists to explore reuses for Old City Hall
As part of its annual National Preservation Conference, to be held this fall in Indianapolis for the first time, the group plans to explore reuses for the vacant but historic building during a day-long event.
HDG Mansur hit with $5.8M court judgment
A federal judge in New York has slapped HDG Mansur with a $5.8 million judgment, ruling in favor of a former client that said the Indianapolis real estate firm misappropriated funds.
Developer poised to build 900,000 square feet of industrial space
The two buildings, one totaling 475,000 square feet and the other 450,000 square feet, are set to be built on 52 acres in Plainfield that Opus has owned since 2008.