Fishers shopping center sold for $7.5M to out-of-state firm
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.
Retail Development
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Nail salon planned for 123-year-old Bates-Hendricks building as business picks up in resurgent neighborhood
City Nail Bar could open on South East Street, where recent commercial launches include an ice cream shop, a chiropractic office, a makeup and skincare salon and a massage therapy studio.
Greenfield retail project by I-70 lands trifecta of Chick-fil-A, Chipotle, Panera
Indianapolis-based developer Midland Atlantic Properties recently acquired a high-profile piece of property in a bustling retail corridor for the project, to be dubbed The Greenfield Market.
Rise’n Roll bakery to open downtown store next week
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Pyramid Place shopping center changes hands for $10.6M
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.
Grocery store, other retail likely to come to IU Health’s expanded Methodist Hospital campus
Indiana University Health plans to turn its massive, expanded campus near Methodist Hospital into a destination site and service area for the neighborhood.
Crown Liquors eyeing Fountain Square for large, high-end store
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
Total Wine & More planning second Indianapolis store
Total Wine & More, a Maryland-based chain of liquor superstores, opened its first Indianapolis location late last year in Nora after winning a high-profile court battle.
Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Bargain outlet opening in former Keystone Marsh store
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
Naptown Fitness team plans to buy, renovate classic 1930s building in Midtown
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Chicken salad restaurant chain roosting in Indy area with three locations
Founded in 2008, the Alabama-based fast-casual chain has grown to 181 franchised and company-owned locations in 17 states.
Chicago-style pizza chain Lou Malnati’s confirms 86th Street location
The 86th Street location, the chain’s second Indianapolis-area store, is set to open this spring. Lou Malnati’s confirmed the location last year but until now had not specified when it planned to open.
Speedway lands Aldi store for Founders Square development
Fishers-based Rebar Development on Wednesday said Aldi will occupy 20,400 square feet of newly built space in the project under construction near Interstate 465 at the northwest corner of Crawfordsville and High School roads.
Crumbl Cookies chain to open first Indiana store in Fishers
The Fishers shop opens this week, to be followed later this year by locations in Indianapolis, Greenwood, Carmel and Zionsville.
Culver’s franchisee plans up to 10 more restaurants, new Noblesville HQ
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Family Video chain closing all locations, including three in Indianapolis market
The Illinois-based video rental chain, which opened its first store in 1978, outlasted competitors Blockbuster, Movie Gallery and Hollywood Video, but said it could not withstand the disruptions caused by COVID-19.
Krispy Kreme files plans for Indy doughnut store
The North Carolina-based retailer hasn’t had any stores in the Indianapolis market since at least 2011, but it recently filed plans for a store in Castleton.
Kroger to build $20 million store in Brownsburg
Kroger, which anchors one end of the Brownsburg Square shopping center, will tear down the former Kmart at the other end of the plaza and build a new grocery store there. Plans call for several small retailers to backfill the existing Kroger store once the grocer moves to the new spot.
Crew Carwash taking over former CVS site
Crew got approval for the project even though it doesn’t conform to the city’s land-use plan. Also this week: Mass Ave Merchants Association, Prodigy Burger & Bar, Indy’s Burger Joint, Stage to Screen Catered Cabaret.