Stout's Shoes plans to downsize its flagship Mass Ave location, which it touts as the nation's oldest shoe store, to make way for a new restaurant and bar along the popular dining corridor.
Quarterly profit grew to $405 million, as occupancy in Simon Property Group’s retail properties increased to 97.1 percent, a company record for year-end occupancy.
Teagan Development has agreed to buy the 539,000-square-foot building near Mass Ave and the Monon Trail and plans to convert some of the space into restaurant and retail uses.
The Indianapolis area’s competitive grocery market is becoming even more crowded with the arrival of additional specialty stores catering to the upscale crowd.
The Indianapolis-based real estate investment trust said the 81,000-square-foot shopping center was fully occupied and would build on its presence in the tourism mecca.
A bank claims the owner of Nora Corners, which is anchored by a Marsh supermarket, has defaulted on an $8.4 million loan.
Leaders on the city’s south side hope a proposal for a rapid-transit all-electric bus route will help spur development along a key corridor that could use more curb appeal.
When Terry Lee Hyundai opens in Noblesville next spring, it will become the 10th new-car dealership operating on a six-mile stretch of State Road 37 in Hamilton County—and development isn’t done.
The Indianapolis-based burger chain’s smaller annual profit resulted from an ongoing effort to increase the company’s number of franchised restaurants, with plans to open units as far away as the Middle East.
An unidentified buyer has agreed to acquire about 50 acres of high-profile land in Whitestown’s sprawling Anson development, retail broker Jacqueline Haynes said.
The retailer had filed plans to rezone nearly an acre along East 56th Street and Keystone Avenue for a 200,000-square-foot store, which neighbors argued would bring too much traffic to the area.
There’s a hunger in the retail industry for lower-tier, “B” shopping centers, seen as a bargain by potential owners. A $4.3 billion deal in the works involving a Simon Property Group spinoff could trigger more transactions.
City officials have selected Deylen Realty’s proposal to build a five-story apartment-and-retail project on a surface parking lot the city has owned for years.
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
The big-box retailer wants to create a 200,000-square-foot store at the southwest corner of 56th Street and Keystone Avenue in a project that would dramatically recast a section of one of the city's busiest commercial corridors.
The competition among specialty grocers is heating up along 146th Street, where startup Fresh Thyme Farmers Market is planning a store less than two miles from sector stalwarts Whole Foods and The Fresh Market.
The union is promising to keep a parking lot it wants to build as part of an expansion at a key Massachusetts Avenue intersection in that use for just five years to help win approval of the project.
An Indianapolis-based development group is moving forward with plans for a CVS Pharmacy-anchored commercial development at the southeast corner of 161st Street and Spring Mill Road in Westfield.
A rush of new office, residential and retail projects suggest real estate developers in Broad Ripple Village remain optimistic in the midst of high-profile incidents of crime.
Holladay Properties and Schahet Hotels Inc. are partnering on a new full-service Holiday Inn that’s expected to open early next year.
