Retail Blog Posts

Redevelopment planned for prime Broad Ripple corner

September 9, 2010
Comments(23)
A local real estate investor is trying to lure a new restaurant to a prime corner in Broad Ripple.
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Kite lands new tenants for Fishers shopping center

September 7, 2010
Comments(12)
Kite Realty Group Trust has landed Goodwill, Dollar Tree and Mexico City Grill for a renovation of its Fishers Station shopping center at the northeast corner of 116th Street and Allisonville Road in Fishers.
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Dunkin Donuts angling to take over Bonjour building

June 2, 2010
Comments(46)
Dunkin Donuts and Baskin-Robbins could soon take over the former home of Bonjour Cafe & Bakery at Meridian and 24th streets if the owner wins city approval to add a drive-through.
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Downtown shakeup: Tea Cozy closes, Sahm's moves, Urban Elements expands

February 25, 2010
Comments(12)
Check out a roundup of big changes for the downtown restaurant scene including Tea Cozy, Sahm's and Urban Element, plus a new fitness option at the Majestic Building.
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City Market proposals: Microbrewery, bicycle hub, agriculture showcase

January 18, 2010
Comments(26)
Six groups are vying to lead a redevelopment effort for the struggling Indianapolis City Market. Check out summaries of each of the proposals.
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Developer plans expansion of Riley Towers apartments

January 12, 2010
Comments(15)
The owner of downtown's Riley Towers apartments is working on plans for a 5-story expansion at 225 E. North St. that would add 54 apartment units and more than 4,000 square feet of retail space.
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Ashley Furniture HomeStore closing Carmel outpost

January 5, 2010
Comments(13)
The Ashley Furniture store in Carmel will close later this month after the owner and landlord failed to come to terms on a lease renewal.
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Around town retail roundup

November 17, 2009
Comments(16)
Check out some of the latest comings and goings among Indianapolis restaurants and retail shops, including a new bar in downtown's 3Mass, Hot Box planning a new location and a wine shop headed to Fishers.
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Yats opening new concept near Central Library

October 21, 2009
Comments(16)
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.
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New coffee shop named for Fletcher Place founder

October 20, 2009
Comments(9)
Local investors have opened a new coffee shop in Fletcher Place they plan to turn into a not-for-profit to raise money for local charities.
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Amusement center taking space in Clay Terrace

October 15, 2009
Comments(4)
A children's amusement center is taking over the former Circuit City space at Clay Terrace in Carmel.
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Efforts target blight on 16th

October 13, 2009
Comments(9)
A stretch of 16th Street could see new life as the Indianapolis Housing Agency plans to redevelop a troubled low-income housing project and Kroger revives efforts to acquire land and plan a new supermarket to replace a cramped, old-format location.
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City approves new CVS store

October 12, 2009
Comments(3)
The Metropolitan Development Commission has given its blessing to a new CVS store along 82nd Street just east of Interstate 69.
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New retail strip to replace Altum's Garden Center

September 17, 2009
Comments(21)
Kroger has signed on to anchor a new shopping center along Michigan Road north of 106th Street on the site of Altum's Garden Center.
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Around town roundup

September 9, 2009
Comments(2)
Find out about a new Latin market and tapas bar, plans to renovate the Apple Store and post office closings.
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Kilroy's will soon be here

August 31, 2009
Comments(0)
The former home of Smokey Bones Barbeque and Grill at 201 S. Meridian St. is getting a new tenant after sitting vacant for more than two years. The Bloomington institution Kilroy's plans to open a new location in the 8,700-square-foot space.
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Kahn's taking former O'Malia store

August 24, 2009
Comments(12)
Kahn's Fine Wine & Spirits plans to open a second location in a former O'Malia Food Market at the northeast corner of 86th Street and Township Line Road.
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College Park theater closes

August 10, 2009
Comments(34)
The AMC Loews College Park 14 movie theater has closed after a 25-year run at West 86th Street and Michigan Road. The outdated theater in the Walmart-anchored complex couldn't compete with Showplace 12 at Traders Point, which opened a few years ago
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Co-op grocery plans take shape

August 3, 2009
Comments(42)
Indy Food Cooperative plans to open the city's first not-for-profit grocery store in a 70-year-old former appliance store along East 10th...
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Wine bar planned for Conrad

July 10, 2009
Comments(28)
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and...
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Madison Avenue retail planned

July 7, 2009
Comments(25)
A local developer is planning a retail strip center for a run-down parcel along Madison Avenue south of downtown. The plans by Keystone Construction Corp. call for...
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So long, SoDo

June 30, 2009
Comments(18)
The owners of a 1.3-acre parking lot southeast of Meridian and South streets have put the property up for sale, apparently putting an end to the dream...
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Bally Fitness locations to close

June 23, 2009
Comments(13)
Two local Bally Total Fitness locations will close today as part of the parent company's reorganization under Chapter 11 bankruptcy. Gyms along U.S. 31 in Greenwood and behind...
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Group blasts Trail 'destruction'

June 10, 2009
Comments(44)
Construction work on a new Kroger-anchored development along the Monon Trail at 86th Street is drawing the ire of Nora neighborhood leaders. They're frustrated by the removal of trees and bushes along the trail by the project's developer, locally based...
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Arts vision for Virginia Avenue

June 8, 2009
Comments(10)
A proposed $9 million project called Fletcher Place Arts calls for 56 mostly one-bedroom apartments, 8,700 square feet of first-floor retail or office space, and...
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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