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. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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