Retail Development
First stage of $85M downtown project up for approval
May 22, 2012
Scott OlsonThe city is set to hear a request on Thursday by a local developer to build a five-story parking garage at the corner of New
York and Illinois streets downtown. The garage is part of a development that would be anchored by a Marsh store.
MoreRetail lineup taking shape for CityWay project
May 22, 2012
Cory SchoutenCityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos.
turns its attention to the retail portion of the $155 million mixed-use project.
MoreMassive Anson project showing residential, retail progress
May 19, 2012
Cory SchoutenDuke Realty Corp. has retrenched at its massive Anson development in Whitestown—focusing on the most promising sections,
rearranging some of its site plans, and letting land-purchase contracts expire on about 300 acres where development prospects
are likely several years away.
MoreBinford-area neighborhood alliance upping ambitions
May 19, 2012
Kathleen McLaughlinThe two main retail centers in a northeast-side development area will be at 100-percent occupancy when Uncle Bill’s
Pet Express opens in a small space at Binford Boulevard and 71st Street. Binford Area Growth and Revitalization, a super-neighborhood
association better known as BRAG, began striving for this milestone in 2005.
MoreNew hardware store tries to carve out niche near downtown
March 27, 2012
Scott OlsonIn a city and industry dominated by big-box home-improvement chains, North Meridian Hardware owner Keith Payne hopes his independent
store can build a loyal following among downtown's denizens.
MoreMuch smaller project would fill former Venu site
March 24, 2012
Cory SchoutenA parcel of overgrown bank-owned property with a leaky roof at the southwest corner of East 86th Street and Keystone Avenue
may finally be poised for redevelopment: A Wisconsin firm has the 6.4 acres under contract and is putting together plans for
a retail strip, a couple of restaurants and possibly a hotel.
MoreIrvington apartment, streetscape projects clear hurdles
March 20, 2012
Tom HartonTwo significant construction projects are closer to starting in Irvington, where the district’s East Washington Street
commercial corridor is bouncing back even as one of its key buildings faces demolition.
MoreOzdemir emerges as powerhouse in Indianapolis real estate
March 17, 2012
Cory SchoutenKeystone Group, Turkish immigrant Ersal Ozdemir's 10-year-old development firm, is orchestrating some of central Indiana’s
most ambitious projects, including a $15M Broad Ripple parking garage and the $60M million mixed-use Sophia Square in Carmel.
MoreDeal rekindles $45M downtown project
March 17, 2012
Cory SchoutenFormer partners in Kosene & Kosene Development have settled a legal dispute that jeopardized redevelopment of the vacant
former Bank One Operations Center downtown. Milhaus Development has until May 1 to begin construction.
MoreMass Ave restaurant plans clear first hurdle
March 9, 2012
The city's Historic Preservation Commission has approved rezoning and variance requests for two buildings sought by the owners
of Broad Ripple's Brugge Brasserie just south of the intersection of Massachusetts and Park avenues.
MoreFoundation finds buyer for 16th Street buildings after 6-year search
February 7, 2012
Tom HartonTwo brothers purchased the pair of connected buildings at the northwest corner of 16th and Alabama streets and will use the
property for a 50-seat café and the offices for Nottingham Realty Group.
MoreNew mixed-use project holds promise for building across street
January 31, 2012
Tom HartonAn 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy
of an $85 million mixed-use project planned for a site right across the street.
MoreApartments rev up residential revival downtown
January 28, 2012
Cory SchoutenAn apartment building spree downtown is getting fresh fuel with an $85 million mixed-use development that will be anchored
by a Marsh grocery.
MoreMarsh to anchor massive new downtown development
January 24, 2012
Cory SchoutenA local developer plans to build a Marsh grocery store and hundreds of apartments in an $85 million project that would replace
a block and a half of surface parking lots in the northwest quadrant of downtown.
MoreBroadbent sells part of Fashion Mall Commons
January 24, 2012
Tom HartonThe 86,634-square-foot building that houses a Kohl's department store fetched $15.3 million, or about $177 per square foot,
according to a CoStar Group report.
MorePendleton Pike Kmart, Anderson Sears on closing list
December 29, 2011
IBJ Staff and Associated PressSears Holding Co. said Thursday it will close a Kmart store on Pendleton Pike in Indianapolis and a Sears department store
in Anderson as part of a round of closures.
MoreSears closings shouldn't be big problem for Simon
December 29, 2011
Kathleen McLaughlinSimon Property Group has more shopping malls with Sears as a tenant than any other landlord, but any closings are likely have
a negligible effect on the Indianapolis-based real estate company's overall earnings, an analyst says.
MoreProposed Broad Ripple parking garage gets zoning OK
December 13, 2011
Scott OlsonThe controversial project is a $15 million, three-story garage that the city of Indianapolis will subsidize with $6.3 million
in parking meter revenue. The project also features a retail component, which neighbors say will lead to increased traffic.
MoreCarmel office/retail complex hurt by road project gets second chance
December 13, 2011
Tom HartonMerchants Pointe, a two-building office/retail development at 116th Street and Keystone Parkway, is getting a fresh start
after major road construction drove away tenants and caused a previous owner to default.
MoreKeystone Towers redevelopment could start in April
December 7, 2011
Scott OlsonThe first phase of the $22.5 million project, dubbed The Point on Fall Creek, would involve the construction of 58 apartments.
Another 80 units would follow, complemented by a retail component.
MoreNewcomer Jos. A. Bank fuels hope for street-level retail
November 12, 2011
Cory SchoutenThe 500-location menswear chain Jos. A. Bank is opening a street-level storefront location on a once-blighted block of East
Washington Street, and the vote of confidence from such a growing national retailer could help persuade other stores to give
downtown a look.
MoreCity balks at Jack in the Box plans for Meridian Street site
November 12, 2011
Urban design guidelines prohibit new drive-throughs along Meridian or Pennsylvania streets in the downtown vicinity.
MoreBuyers edging back into Indianapolis commercial real estate
November 5, 2011
Cory SchoutenMost buyers are bottom-fishers, investors looking for better returns or companies wanting their own building.
MoreRivers Edge spawns new retail center across 82nd Street
October 29, 2011
IBJ StaffVeritas Realty is betting more restaurants and retailers are interested in opening stores near Nordstrom Rack and The Container
Store.
MoreEast 10th Street retail gets a boost
October 25, 2011
Scott OlsonTwo veterans of vintage retail are teaming up to open a store on a near-east-side corridor that’s getting renewed attention
from the 2012 Super Bowl Legacy Project.
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Great article Anthony. Glad IMS is finally being run like a business and not a personal check book to finance the "Vision".
Things are looking up but 15 years of scorched earth won't be fixed overnight. Unfortunately the TV ratings are still poor and that won't change anytime soon with the brilliant 10 year contract signed under the former regime.
Brett not sure why you wonder what he said in his quote. "''I would like to jump in a time machine, go back to 1995, and tell the owners and Tony George not to split,'' Franchitti said. ''As soon as my time machine is done, I know where I'm going.''"
Pretty clear, he would love to go back and tell TG and the team owners not to split.
I am not sure there is anyone who wanted the split, and I don't think there is anyone who would not like to go back and prevent the split. But, as has been discussed ad nauseum, without the split carts management by team owners would have run all of ow racing into bankruptcy. If cart had such a wonderful product, then losing IMS would not have forced it into bankruptcy. If NASCAR lost Daytona or Charlotte, it would not fail like cart did.
Truth,
So you predicted that cart would go into bankruptcy and cease to exist while Indycar would continue on? I missed that prediction.
I want to live in a city that has a garage structure to be proud of for it's innovating design!
Well written Anthony. I think the toughest thing for the Hulmans and true of any family company is that reality was getting more complex than could be handled by the family. Almost any family owned business must realize that or die. Tough decisions, but ones that had to be made.
I don't like the wall signage, but in this era of sports marketing it is almost required. Many folks cringed at advertising at Assembly Hall and Hinkle fieldhouse, but times and finances change.
Thanks also for reminding us the other blue chip sponsors IMS has picked up.
Not to mention how it would improve the view from the offices of the AUL building. Do you remember when Circle Center had a contest for the best roof design after the mall was completed? Great opportunity here...