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Retail Development
Pendleton 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.
MoreAirport gas station could fuel retail in proposed complex
October 14, 2011
Chris O'MalleyRestaurants, a medical clinic and even a dog kennel are ripe for consideration on an 11-acre airport site slated for a gas
station. Airport officials have asked for proposals from developers by Oct. 25.
MoreApartments, retail planned for Virginia Ave. corridor
October 8, 2011
Cory SchoutenCall it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue
in this historic neighborhood southeast of downtown is under construction or will be soon.
MoreSimon Property Group gets new $4B credit facility
October 5, 2011
Associated PressIndianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit
facility.
MoreParking already at a premium at Rivers Edge shopping center
October 1, 2011
Cory SchoutenThe 617 parking spaces at the newly renovated Rivers Edge shopping center meet the minimum commercial-zoning allotment—but
just barely.
MoreSimon plan spells out Nordstrom strategy
September 24, 2011
Cory SchoutenAs many as four large restaurants could open in the first floor of the former Nordstrom at Circle Centre mall under a plan
floated by mall manager Simon Property Group Inc.
MoreOwner finding new tenants for former Macy's
September 17, 2011
Cory SchoutenHigh-end custom homebuilder Moussa Khoury and a partner bought the former Macy's store at Washington Square Mall in 2009 for
about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.
MoreJack in the Box revives local expansion push
September 3, 2011
IBJ StaffThe burger chain has applied for zoning approval to build a restaurant near 16th and Meridian streets, just south of CVS drugstore.
It would be one of 10 stores it plans to open here.
MoreDeveloper rolls out $40M plan for Keystone site
August 27, 2011
Cory SchoutenA local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million
apartment and retail project.
MoreGreenwood developer target of foreclosure suit
August 24, 2011
Two Indianapolis-area retail centers are listed in a $16.8 million lawsuit that includes a total of six properties owned by
the Presnell Companies of Greenwood.
MoreBroad Ripple group doubles down in fight over Kilroy's
August 23, 2011
Cory SchoutenMembers of the Broad Ripple Village Association are vowing to continue their fight against a new Kilroy's Bar n' Grill
after they were denied a chance to speak out about the plan at a public hearing.
MoreLenders attempting to foreclose on Broadbent headquarters
July 28, 2011
Scott OlsonHuntington National Bank and PNC Bank claim they are owed roughly $25 million on loans related to Broadbent Co.'s purchase
and renovation of a building on East Washington Street downtown.
MoreLenders battling Broadbent legal strategy
July 9, 2011
Cory SchoutenDeveloper George P. Broadbent sold The Broadbent Co. to his wife for $50,000 in March 2010 as he faced a barrage of lawsuits
threatening his control over the real estate company he co-founded in 1972. He has also transferred several properties to
her.
MoreM&I Plaza revamping entry, lands King David and Main Street Deli as tenants
July 2, 2011
IBJ StaffThe main entrance is getting a $1 million makeover as the 28-story building prepares to welcome two new restaurant tenants.
MoreTanger buys outlet center from Simon Property
June 28, 2011
Associated PressTanger Factory Outlet Centers Inc. said Tuesday it bought an Ohio outlet shopping center from Indianapolis-based Simon Property
Group Inc. for $134 million.
More$100M 'Bridges' project in Carmel wins approval
June 21, 2011
Cory SchoutenA proposal for a roughly $100 million mix of retail, office and apartments along Springmill Road south of 116th Street was
OK'd Monday night by the Carmel City Council after numerous concessions.
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Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.