UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Retail Development
Articles
Neighbors sue to block $23M College Avenue development
Three Meridian-Kessler residents have asked a judge to review whether the city’s Metropolitan Development Commission properly granted two zoning variances for the apartment-and-retail project.
‘Perfect recipe’ leads to Fishers food-centric development
The culinary-centric development proposed in Fishers is an unusual concept for the northern suburb, but it’s an idea experts say just needed the right recipe.
$50M Penrose on Mass project to get underway following parcel sale
The project will include 236 apartments, 40,000 square feet of retail space and a 379-space parking structure.
Hoover steps up Patachou expansion
Running 11 restaurants keeps Martha Hoover hopping. But the matriarch of the Patachou family is adding even more to her plate.
After slow stretch, Southport’s commercial core sparks with new projects
Sophia’s on Southport Road near Madison Avenue is opening ahead of a big expansion for a dental claims processor and the construction of an $11 million senior living facility.
Founders of The Kitchen opening bistro on Mass Ave
The yet-to-be-named restaurant will occupy 5,500 square feet in Gershman Partners’ Marietta building under construction next to the Marott Center.
Fishers won’t let Ikea fuel retail blitz
Local officials are taking steps to preserve the vacant land surrounding the 35-acre Ikea site near Interstate 69 and 116th Street for office development.
Pittman family dispute escalates with new lawsuit
Mark Pittman, son of late heart surgeon and developer John N. Pittman, filed a lawsuit Oct. 14 in Hamilton County against his siblings and family-owned entities involved with The Bridges, a retail development in Carmel that includes a Market District grocery store.
Judge limits expert testimony in Simon Property antitrust suit
The Indianapolis-based mall developer faces accusations that it used its massive influence to pressure retailers to sign leases at its mall in Mishawaka instead of in a competitor’s property.
Developer continues to revive intersection north of East 16th Street
Now that Cannon Ball Brewing is close to opening in the suddenly hot area, Reveal Properties is beginning to renovate an adjacent building on Bellefontaine Street for office and restaurant use.
Indianapolis man sues Chipotle, others over sign collapse
The plaintiff says he suffered a concussion at a north-side Chipotle restaurant in April when a brick sign crumbled in high winds and totaled his car.
Developer revives 317-acre project for Westfield
Developer Chris R. White initially proposed the $300 million project known as Aurora in 2006 but it fell victim to the Great Recession.
Downtown boom hits Herron-Morton neighborhood
A growing number of pricey new homes are cropping up in the historic Herron-Morton neighborhood, bolstered by the strength of the downtown housing market and the rejuvenation of East 16th Street.
Kite Realty’s focus on primo locations serving it well
Kite Realty Group Trust has built an admirable record of picking winning locations for its centers and keeping them vibrant with tens of millions of dollars in upgrades.
Fishers seeking to restrict retail along I-69 corridor
City Councilors soon will weigh tighter rules for stores and restaurants along I-69 to streamline the "hodgepodge" of development standards and give them greater say over new projects.
Kite Realty spent millions on deal that didn’t occur
The Indianapolis-based company spent $2.8 million in the second quarter on a potential purchase it ultimately decided not to pursue.
City seeks input on new use for Butler-Tarkington fire station
The 84-year-old building at 56th and Illinois streets is expected to draw plenty of interest from restaurateurs due to its proximity to the neighborhood’s prime commercial corner.
Movie theater, bowling combo proposed for Carmel
Frank Theatres CineBowl & Grille would include 16 lanes of bowling, 10 auditoriums, a video gaming area, and a restaurant featuring indoor and outdoor seating.
Council gives city say in $260M Mass Ave project
The city will have one year to negotiate a project agreement with Hendricks Commercial Properties, which has proposed a $260 million development on the lot at the corner of College and Massachusetts avenues, or be forced to buy the property from IPS.