Clay Terrace hits pause on pre-pandemic plan to add apartments, offices, hotel
Columbus, Ohio-based Washington Prime Group has told the city of Carmel it has decided to put the brakes on an ambitious plan to diversify the lifestyle center.
Retail Development
Articles
Retail developer who took his own life was dogged by debts
Craig Johnson left behind what court records show is millions of dollars in debt that might not be covered by his estate.
Fast-casual Mediterranean chain coming to Indy
Up to five more locations could open in the next 16 months. Also this week: The Black Acre Loft, Dave & Buster’s, Gold Leaf Savory & Sweet
Chicago-style pizza chain Lou Malnati’s adding Broad Ripple, Carmel sites
Beloved in the Chicagoland area, the deep-dish chain confirmed to IBJ in March that it planned to enter the central Indiana market with several locations.
With restaurateur Brown out, Oesterle seeks new tenant for old 38th Street bank building
Local restaurateur Neal Brown has scrapped plans to open what he had planned to call Midtown Brasserie in a 73-year-old art deco building at 215 E. 38th St.
Indianapolis company to redevelop former Marsh property in Fishers
Strongbox, a commercial development and construction management company, plans to spend $7 million to tear down a quarter of the existing store and then add a second retail building to the site.
Owner seeking buyer for Lafayette Square Mall
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
Triumph motorcycle dealership to open on Sun King’s downtown campus
The brewery and dealership are hoping they’ll benefit from each other’s main customer bases.
Downtown architecture firm plans move, mixed-use project on College Avenue
Lancer + Beebe LLC has purchased property for a new headquarters on downtown’s eastern edge that also would include retail and residential space.
New York firm sells south-side shopping center, buys north-side complex in Castleton
Nassimi Realty was a key player in two transactions totaling $15 million, offloading a retail center dominated by dollar stores and acquiring a complex directly east of Castleton Square Mall.
Education startup plans $16M headquarters, charter school building on west side
Crossroads Education, a startup founded in 2016 that develops learning environments for K-12 schools and colleges, needs the city to rezone the property in Haughville and get approval for the height of the building.
Owner of fashion retailer with seven area stores considering sale
The parent of Ann Taylor and Lane Bryant is exploring options for its lower-priced women’s clothing chain, Dressbarn, according to people familiar with the matter.
Indianapolis-based Simon launches online shopping platform
The platform, called SPO, focuses on Simon’s Premium Outlet properties and is now in beta testing with the company’s VIP Club customers.
Panel pitches overhauls of Irvington properties, but without owner input
The out-of-town group hired by the city has suggested pursuing some big ideas for mixed-use and recreational developments, but it hasn’t talked with the owners of the properties in question.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
Developer of The Yard in Fishers eyes adjacent land for another project
Thompson Thrift Retail Group has plans to purchase a combined 8.6 acres east of The Yard for a development that could include retail, office, townhomes and a boutique hotel.
Craft-beer guru planning taproom in Greenwood with ax-throwing hook
The investor group behind Tap & Axe, which includes the founder of craft-focused Hoosier Brewing Co., expects to spend more than $500,000 in the end to buy and renovate its 109-year-old downtown location.
National car dealer backs away from massive HHGregg HQ site
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
Napleton eyes former HHGregg HQ on 96th Street for Kia dealership, more retail
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
Bates-Hendricks working to attract, shape commercial development
Now that Bates-Hendricks has emerged as one of the city’s housing hot spots, its neighborhood association is focusing on the commercial boom residents believe will follow.