Fishers Town Council set to review auto mall plans
Butler Automotive Group is proposing a $19 million development along Indiana 37 that could include five auto dealerships and
create about 230 jobs.
Retail Development
Articles
Shoe Carnival profit beats estimates
Evansville-based shoe and apparel retailer reports strong sales of boots and athletic footwear.
Apartment developer plans 217 units in Lawrence
J.C. Hart Co. is designing plans for a $17 million upscale apartment community as part of the master-planned Lawrence Village
at the Fort.
Simon Property Group urges rival to heed $10B buyout offer
Simon’s warning was delivered in a letter sent to General Growth a day after the company essentially rebuffed Simon’s hostile
takeover bid.
Farmland once targeted for housing still being plowed
Farmers who might have worried about losing their livelihood
to new homes or retail have gotten a little breather.
City Market proposals: Microbrewery, bicycle hub, agriculture showcase
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each
of the proposals.
Lender alleges Lauth insiders backdated loan documents
The largest creditor for Lauth Group Inc. has asked a bankruptcy judge to appoint a trustee after evidence in a related case
suggested Lauth insiders may have backdated documents to thwart creditors.
Buckingham tapped to develop mixed-use project near IUPUI
Former YMCA branch at 860 W. 10th St. would be razed to make way for retail and housing.
Prosecutor Brizzi a big player in real estate
Carl Brizzi partnered on a bank branch, took an ownership interest in an office building and flipped condos.
Binford group plots next steps in retail revival
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
Bloomington panel won’t support chain-store ban
A task force appointed by Bloomington’s mayor will instead look at other options for protecting the small-town character of the city’s downtown from standardized chain stores and eateries.
UPDATE: Simon stock jumps on $2.3B acquisition
Adding the 22-mall portfolio of Baltimore-based Prime Outlets will give Simon a total of 63 outlet malls with more than 25
million square feet of space.
Simon buying Prime Outlets in $2.3B deal
Simon Property Group Inc. is doubling down on outlet malls with an agreement to buy Baltimore-based Prime Outlets, a
privately held firm that owns 22 of the giant properties.
Remnants of failed Premier Properties finally hit market
CB Richard Ellis recently began marketing the most prominent of Premier Properties’ local properties, Metropolis. The
Venu site
at the southwest corner of East 86th Street and Keystone Avenue also is up for grabs.
Speedway breaks ground on redevelopment project
Speedway officials broke ground Thursday morning on the first phase of a $500 million redevelopment project they hope will transform the small town into a year-round racing-themed destination.
Bloomington chamber weighs in on chain-store ban
The Greater Bloomington Chamber of Commerce is opposing Mayor Mark Kruzan’s proposal to restrict chain stores and
restaurants downtown.
City Market board sought 3-year closure for redevelopment
Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.
Steak n Shake nearer to merger with steak chain
Under terms of the deal, Steak n Shake will pay Western Sizzlin shareholders $22.9 million and Western will pay its shareholders
a $15.9 million stock dividend, making the total deal worth about $38.8 million.
Yats opening new concept near Central Library
Yats plans to open a new restaurant and bar concept in the first floor of the The Ambassador apartment building next to the
Central Library.
Northeast-side CVS gets nod
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate
69 over the objection of city planners.