Byrd’s in hand: Former Greenwood restaurant converting to multitenant ‘Nest’
The new owner of a landmark south-side eatery is renovating and dividing the 40,000-square-foot space to land retail and commercial tenants.
Retail Development
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UIndy partnering to develop taproom near its campus
The university will help convert the former Shelby Bowl building into a Books & Brews taproom as part of the school’s efforts to attract more development to the area surrounding the south-side campus.
Bottleworks project on Mass Ave to feature food hall
The developer of the massive $260 million project is planning for space to host a broad mix of vendors, ranging from seafood purveyors and fruit-and-vegetable stands to restaurants of various sizes.
Simon pays $945,000 to settle N.Y. antitrust probe
The Indianapolis-based real estate giant called the investigation "meritless" but nonetheless agreed to modify leases at a popular outlet mall near Manhattan that restricted tenants from opening a second location within 60 miles.
City to steer $500K into grocery development in low-income areas
The Hogsett administration plans to use federal grant funding to stimulate the development of one or more grocery stores and help eliminate food deserts.
Walmart selling Zionsville site for $7.5M despite winning court fight
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
City to consider $15.2M in bonds for downtown projects
The bonds would help finance development of a hotel complex on the site of Indianapolis’ oldest African-American church, as well as a five-story apartment and retail project near the base of Massachusetts Avenue.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
Art house cinema, restaurant planned on Indy’s near-east side
Tom and Ed Battista of Bluebeard fame have purchased the Christian Unity Missionary Baptist Church near Spades Park with hopes of opening a three-screen independent cinema and restaurant.
Brokerage resolves complaint with Skinner family for $3.5M
A prominent Indianapolis family that filed a complaint against an RBC Wealth Management broker seeking nearly $20 million in damages recently accepted $3.5 million to resolve the dispute.
Indy-based restaurants to open new locations in Fashion Mall
The additions to the food court will include a concept from Cafe Patachou founder Martha Hoover.
Neighbors try to save 86th Street woodlands from development
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
Experts: Endangered downtown Marsh locations attractive to competitors
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
Marsh warns of 16 more store closings, 1,454 job cuts if buyer isn’t found
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.
Proposed zoning along U.S. 31 in Carmel would allow residential, more retail
The city is considering eliminating the highway’s Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.
Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Mall owners turn to carnivals, music to fight online retailing
With customer traffic sagging, U.S. retail landlords like Indianapolis-based Simon Property Group Inc. are using their sprawling concrete lots to host events such as carnivals, concerts and food-truck festivals.
Browning seeks to develop massive office park in North Meridian corridor
The Indianapolis-based firm has filed plans for a 14-building project in Carmel with nearly 1 million square feet of office space, plus retail, restaurants and a dual-branded hotel.