Developers push into Westfield along Carmel’s northern border
Over the past decade, developers have proposed nearly a dozen new subdivisions within a couple of miles of the 146th Street and Towne Road intersection.
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Housing instability could upend state’s economy
Housing advocates are warning of a tidal wave of evictions in the state this summer unless an effort is coordinated to head it off.
Two more charming Irvington gardens
Kendra Patrick and Melany Bellucci are good friends and members of the Irvington Garden Club, who spend summers swapping plants, advice and neighborhood stories. See photo galleries of both gardens.
Arbor Homes to purchase 135 acres in Westfield, develop 325 houses
Henke Development Group plans to sell Arbor Homes a part of its over 800-acre Chatham Hills development in Westfield so that it may be developed as a separate neighborhood called Monon Corner.
Coworking chain taking over former restaurant space in Circle Centre
The lease will be COhatch’s second with Circle Centre landlord Simon Property Group. The firm previously announced plans to open a coworking space at Simon’s Hamilton Town Center in Noblesville.
Macy’s cutting 3,900 corporate jobs as layoffs hit headquarters
The job cuts are in addition to the staff reductions already taking place inside stores, along the Macy’s supply chain and in customer support roles.
Residential Real Estate: Marketplace Stats for June 26, 2020
As expected due to the pandemic, the number of houses sold from March through May dropped by 10% compared with last year and the number of houses on the market dropped by 31%.
GNC to close at least one Indianapolis store, possibly as many as six
Vitamin and nutrition chain GNC Holdings on Wednesday identified four Indiana stores that will permanently close and seven others that could close as part of its bankruptcy reorganization.
GNC files bankruptcy, plans to close up to 1,200 stores
The health and wellness company’s Chapter 11 petition filed in U.S. Bankruptcy Court allows the retailer to keep operating while it pursues a dual-track process to restructure its balance sheet in a standalone plan or complete a sale
Noblesville game shop set to open store on Mass Ave in July
It will be the second location for Moonshot Games, which opened its Noblesville location in 2018. The company says business is booming despite the COVID-19 pandemic.
Carmel-based Round Room moving headquarters to former Roche building in Fishers
Round Room, a holding company for wireless retailers, plans to relocate from Carmel to Fishers by early next year. The move to the 190,000-square-foot building will give the company room to grow.
Developer of $40M residential project in Chatham Arch eyes 2021 finish
Well under way after years of revisions and delays, Chatham Park is expected to include up to 55 condominiums, seven single-family homes, four duplexes and 2,200 square feet of retail space.
Indiana 100: Kite’s CFO helped set up company to weather downturn
Heath Fear has guided the company to surer financial footing, largely by orchestrating the sell-off of two-dozen less properties to free up cash for future investments.
Memory Bank: Indianapolis Recorder newspaper is 125 years old
In 1895, George P. Stewart and Will Porter launched a two-page church bulletin that they then turned into a weekly newspaper covering the African American community in Indianapolis.
Retail real estate scions to battle in court–again
David Simon and Bobby Taubman are battling now in court over whether Simon Property Group is obligated to complete the $3.6 billion purchase of Michigan-based Taubman Centers that it announced in February.
Simon sues tenant Brooks Brothers, seeks $8.7M in unpaid rent
The suit, filed Wednesday in Marion County Superior Court, says the retailer failed to pay rent for April, May and June while closed during the pandemic.
Six-story apartment building planned for vacant lot on Carmel’s Main Street
A developer is reworking his plans for an apartment building on Carmel’s Main Street to align the proposed $17 million project with future needs of residents and increase its chances of getting city approval.
Area homebuilders see applications sink for first time this year
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
Mass Ave Toys closes after 14-year run
The owner, who has operated toy stores for more than 40 years, said she closed the shop so she could retire.
Area existing-home sales sank 23% in May as prices hit all-time high
May’s sales decline in the 16-county central Indiana area came on top of a 16.8% year-over-year decrease in April.