Two Indianapolis stores as well as locations in Speedway and Franklin are expected to serve Smoothie King blends by next summer.
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The developer behind the planned revamp of Lafayette Square Mall expects to break ground on the project’s first apartment building early next year and open a 14-screen movie theater as early as next month.
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St’Artup 317 is a short-term showcase for businesses on the path to becoming long-term tenants elsewhere in the city.
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Demolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
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Niku Sushi.Kitchen.Bar will join two other restaurant tenants—Piedra, a Mexican restaurant, and Kitchen Social, a popular Columbus, Ohio-based restaurant—at The Union at Fishers District.
News of a possible development at the site has been long-awaited by Irvington residents. But those involved said the potential project is in very early stages and will require a giant fundraising effort.
Known as Winterton, the project would consist of 574 apartments across two buildings, along with more than 14,000 square feet of retail space and a 756-space interior parking structure.
Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.
Speedway-based development firm KennMar plans to invest up to $1.5 million in the project on the west side of Anderson.
The convenience store chain said plans to invest $420 million to add 60 stores throughout the Hoosier State over the next eight to 10 years, with the first round of stores primarily in central Indiana.
A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington’s main retail hub.
Indiana Liquor Group has been acquiring stores in small cities and towns since 2019 and typically leaves the business names unchanged.
The $72 million Midland Pointe development is planned on 34 acres at the southeast corner of State Road 32 and Hazel Dell Parkway.
The retail giant plans to build a grocery store and gas station near the northeast corner of the intersection of State Road 32 and Little Chicago Road.
The Hy-Vee grocery chain, which already announced plans to build a supermarket in Zionsville, also is planning a store in Fishers, the grocer confirmed Tuesday.
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
The ownership group plans to begin conversations with potential developers in the near future, after receiving suggestions from four design groups for remaking the massive property as a mixed-use district.
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
The new building will become the doughnut company’s first Indianapolis store since closing other locations more than a decade ago.
The buyer, who is based in Houston, has had multiple restaurants in downtown Indianapolis, including a Mo’s, A Place for Steaks, along with Nook and most recently Pomodoro.
