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%.
Residential
Articles
Dollar General to bring new urban-concept DGX store to Mass Ave
DGX represents a new direction for Dollar General, which has traditionally focused on small-town and rural locations. Also this week: Quaff ON!, Bru Burger, Jiffy Lube, Tire Discounters, 16 Bit Bar + Arcade.
Gardening: Choosing a shade tree for your yard
Most fast-growing trees have short lives and are not too sturdy. They lose more twigs and other debris and have more insect and disease problems than longer-living trees. Fortunately, many trees are fast-growing while they are young.
BBQ joint, Books & Brews site join long list of area restaurants to call it quits during pandemic
While numerous Indianapolis-area restaurants are looking forward to reopening their dining rooms this week, many others are no longer around to get the chance.
Quack Daddy Donuts expanding with franchised store
The seller of customizable doughnuts that started in Pendleton will be joined later this year by a second store in a new Westfield retail center.
Sushi restaurant opens in former Milano Inn
The restaurant, part of Holladay Properties’ LaGrotte Square development, opened on the same day that a coronavirus-related prohibition on in-house restaurant dining took effect. The owners say they’ve seen good support from neighbors who have come for take-out orders in the restaurant’s first week.
Greenwood entrepreneur turning Franklin church into commercial venue
It will add to a mix of new businesses in the town center. Also this week: Dave & Buster’s, VetIQ, Jiffy Lube, Ross Dress for Less, Sears Outlet and more.
Historic downtown building up for sale
The building, at 42 E. Washington St., houses Gallery Forty Two art gallery and is believed to be the city’s oldest commercial structure.
Long-vacant 46th Street building will soon be multi-tenant retail space
The building’s tenants will include Black Circle Brewing Co., Gold Leaf Savory & Sweet restaurant and Early Kind, a cosmetics and lifestyle retailer.
All-ages entertainment center launching in Brownsburg
The owner is a Brownsburg technical writer with five children who spent a year studying similar venues around the country. He’d like to replicate Press Play Gaming Lounge in other Indiana markets.
Small retailers gather at east side’s W Street
The repurposed building at Washington and Post formerly housed Liberty Bell Flea Market. Also this week: New Bottleworks tenants, Circle Centre food court departures and more.
Recording studio/audio school coming to Broad Ripple
The Round Table Recording Co. will offer both audio recording/production and a school for those who want to learn the business. Also this week: Orangetheory Fitness and Goldfish Swim School.
Walgreens bringing new small-store concept to city’s south side
The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.
Take 5 Oil Change entering market with three stores
The fast-growing chain’s concept allows customers to stay in their cars. Also this week: Root & Bone, Gavel, People’s Revel Room, Gymboree Play & Music, Portrait Innovations and more.
Art house cinema, restaurant close to debut in Windsor Park
The project, whose backers include father/son developers Tom and Ed Battista, has been in the works for more than two years. Also this week: Jimmy John’s, Taste of Havana, Marco’s Pizza and Best Buy.
Canada-based fitness chain set to enter Indianapolis
30 Minute Hit will open its first Indiana gym in Indianapolis’ Wanamaker community early next year. Also this week: Burn by Rocky Patel, Wei Ramen, City Bytes Coffee, Gina’s Grill, Rise ‘n Roll and more.
Apartment-building blitz reshapes Broad Ripple
Broad Ripple is wrapping up a prolific six-year stretch during which developers have spent more than $125 million to bring nearly 800 new apartments to the neighborhood.
Indianapolis property manager arrested, accused of multimillion-dollar Ponzi scheme
Bert Whalen and his Oceanpointe Property Management used fake leases to dupe investors into buying run-down rental properties in Indianapolis, according to an indictment made public Friday. No charges have been disclosed against his partner, former “Fox and Friends Weekend” host Clayton Morris.
L.A. Fitness taking over empty north-side Marsh store
The chain’s 11th gym here will be an upscale version of what local members are used to. Also this week: Chuy’s restaurant and Vinny’s Drive Bar.
Area home builders continue to see late-year surge in demand
Single-family construction permits in the nine-county area have risen for four months in row on a year-over-year basis following seven straight months of declines.