Lawmaker proposes reforms in how big-box stores are assessed
Indiana lawmakers are making another attempt to settle a dispute between county assessors and retail stores over how to determine the value of newer big-box stores.
Retail Development
Articles
Topgolf entertainment venue to open on 116th Street in Fishers
The three-level, 65,000-square-foot location—the company’s first in Indiana—would offer competitive golfing games in addition to food, alcohol and other entertainment options.
Restaurateur plans condos behind new eatery on New York Street
Mike Cunningham and business partner Patrick Heitz have received approval to build two upscale condos in one structure at the rear of the Vida restaurant, set to open early next month.
Gershman family taking on ambitious, high-profile real estate projects
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Developer building $30M project in Kokomo
Flaherty & Collins Properties is partnering with the city of Kokomo on an apartment and retail project in the heart of its downtown.
Large Noble Roman’s investor calls for sale of company
In a scathing letter to directors, Privet Fund LP said accountability is sorely lacking throughout the upper ranks of the company, which has a stock price languishing below $2 a share.
Q&A: Scott Harris, outgoing Speedway redevelopment guru
The outgoing executive director of the Speedway Redevelopment Commission waxes on the progress the town has made remaking its Main Street.
$8.5M apartment project could help revive near-west side
The Westside Community Development Corp. is proposing to develop the 56-unit affordable housing project along Michigan Street as part of a larger effort to rejuvenate the area.
Hotels, retailers expected to follow Ikea to Fishers
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.
Simon raises quarterly dividend, full-year forecast
A strong third quarter prompted Simon to boost its earnings forecast and raise its quarterly dividend to $1.60 per share, a 23.1 percent year-over-year increase.
Irvington on the upswing with efforts to bolster commercial growth
Grassroots efforts by local residents have meant a boost in the number of restaurants and retailers in the historic Indianapolis neighborhood, which was once considered a suburb.
Transcript: IBJ Commercial Real Estate and Construction Power Breakfast
Indianapolis Business Journal gathered leaders in the state’s commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 10.
All property tax bills could jump if retailers win appeals
Uncertainty still looms over how much retail assessment appeals could reduce revenue for local governments, libraries and schools or whether they’ll shift costs to other taxpayers, including businesses and homeowners.
Carmel’s $100M Legacy attracting retail projects
Since Virginia-based Falcon’s Nest purchased the 400-acre development in 2011, residential construction has slowly been increasing. Now, some commercial development is beginning to follow.
Preservation group delays action on project with ‘digital canvas’
Members of the Indianapolis Historic Preservation Commission say they postponed a vote on the Mass Ave project at the request of City-County Council members who argue the building’s massive screen could run afoul of billboard rules. Commission members also questioned the building’s design and even its bold colors.
Hotel, restaurant slated next to Ironworks on Keystone
The firm behind the Ironworks apartment-and-retail complex at 86th Street and Keystone Avenue now intends to build a five-story, 120-room hotel next door.
Scotty’s Dawghouse eatery to anchor Butler garage project
The concept from local restaurateur Scott Wise will occupy 6,400 square feet of space on the ground level of the parking garage under construction next to Clowes Hall.
Casino operator proposes $650M development on airport site
The complex, called American Place, would contain Indiana's smallest casino, 1.2 million square feet of retail space, 200 condominiums, 25 high-end hotel suites, a conference and performance center, offices, a movie theater with moving seats and a health club.
Developer seeks tax break on $7.9M Fountain Square project
Deylen Realty is requesting the abatement to offset the cost of building Forte, a 64-unit apartment-and-retail project on part of a surface lot that had been owned by the city.
Mixed-use Anson gains momentum after slow start
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.