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Retail Development
Fishers water park developer hopeful despite setback
October 15, 2009
Scott OlsonThe developer of a proposed hotel and water park in Fishers remains optimistic the project will get finished, despite the
latest setback delaying the start of construction by at least two years.
MoreShopping center vacancies continue to climb
October 12, 2009
Scott OlsonVacancies at U.S. shopping malls and retail strip centers have climbed to steep levels, a trend that Indianapolis-based commercial
real estate companies Simon Property Group Inc. and Kite Realty Group Trust haven't been able to dodge.
MoreCabela's puts Greenwood property up for sale
October 7, 2009
Cabela's is selling the land on which it had planned to build a store in Greenwood.
MoreFishers officials propose huge medical park
October 5, 2009
IBJ StaffFishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69's Exit 10
Wednesday
night at the town's regular council meeting.
MoreDeveloper Broadbent sues banks after they tighten credit line
September 19, 2009
Peter SchnitzlerLocally based Broadbent Co., one of the city’s biggest retail developers, has sued two of its banks, charging they’re
wrongly attempting to restrict its access to a $50 million credit line.
MoreClinton, Bird among mourners at Simon funeral
September 18, 2009
Associated PressFormer President Bill Clinton described Melvin Simon as one of the most remarkable people he's ever met as he gave a eulogy
today during the funeral for the billionaire shopping mall developer and Indiana Pacers co-owner.
MoreHHGregg promotes three executives
September 9, 2009
IBJ StaffIndianapolis-based electronics retailer HHGregg Inc. announced the promotions of three executives this morning, including
the appointment of a new chief financial officer.
MoreAmbrosia to open downtown restaurant in former BadaBoomz site
July 27, 2009
IBJ StaffThe owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the
first floor of the Hampton Inn along Maryland Street.
MoreKeystone Construction plans Madison Avenue retail center
July 7, 2009
Cory SchoutenA local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that's been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters' Place Restaurant.
MoreCultural Trail spurs development plan along Virginia Avenue
June 8, 2009
Cory SchoutenA local architecture firm hopes to challenge hip Mass Ave with an arts-themed development in Fletcher Place. The $9 million
project would include apartments, retail and office space.
MoreIrvington rolls out $1.2 million promotional campaign
June 1, 2009
Anthony SchoettleIn the midst of a $1.2 million campaign to upgrade streets, sidewalks and other neighborhood infrastructure, a coalition of
Irvington businesses and residents is launching a unique marketing campaign to tout the neighborhood's recent enhancements
and position it as an alternative to places such as Carmel, Zionsville, Geist and Noblesville.
MoreBuilding off Circle finally lands a tenant
June 1, 2009
T-Mobile has inked a five-year lease for a 2,200-square-foot space at the 2 N. Meridian St. building on the northwest corner
of Washington and Meridian streets.
MoreRecession slows the creation of a self-contained Boone County community
May 18, 2009
Kathleen McLaughlinCreating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty
Corp. predicted.
MoreJefferson Plaza renovation approaches end
February 16, 2009
Katie MaurerThe Jefferson Plaza renovation, which has been renamed Allen Plaza after its developer, will include restaurants, office space, condos, and is also working to achieve LEED environmental certification.
Fall Creek Place plans retail and restaurant
February 9, 2009
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner
of 22nd and Delaware streets.
MoreNew restaurants open in downtown Indianapolis
January 12, 2009
Two new restaurants near the corner of Washington and Pennsylvania streets have opened their doors.
MoreEx-Noblesville official paved way for project after resigning post
December 22, 2008
Cory SchoutenA quick turnaround from city official to high-paid land-use lobbyist raises questions for some critics of revolving-door
government.
MoreKite drops about 10 percent of its staff as retail market flounders
December 15, 2008
Cory SchoutenKite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
MoreStrip-mall developer scales back as housing slump hurts small retail centers
August 4, 2008
Cory SchoutenA local developer known for its strip centers has stopped building new projects, scaled back its staff, and is trying to unload several of its properties in an apparent bid to survive. Williams Realty Group earlier this year shuttered its custom-home-building operation, DayMarc Homes, and now observers are wondering if owners Dave Crockett and Marc Freije can keep the rest of Williams afloat.
New Lafayette Square owner pitching major expansion
May 26, 2008
Cory SchoutenLafayette Square Mall could look a lot like the revitalized Glendale Town Center in a few years if the mall's new owners get
their way. A proposed site plan shows that New York-based Ashkenazy Acquisition Corp. doesn't intend to settle for filling
the mall's ample vacant space.
MoreDeBartolo to buy Metropolis from Dominion Capital
May 19, 2008
Cory SchoutenTampa, Fla.-based DeBartolo Development has reached a preliminary agreement to buy Plainfield's Metropolis mall out of foreclosure
and hopes to hook Macy's and Bass Pro Shops to anchor a second phase.
MorePremier Properties lays off workers as lawsuits, debt pile up
April 7, 2008
Cory SchoutenPremier Properties USA Inc. has eliminated about half its headquarters staff--more than 40 employees--as banks seize several
of its properties and CEO Christopher P. White faces a barrage of new lawsuits alleging unpaid bills, defaulted loans, illegally
redirected rent payments and check fraud.
MoreCreditor pursues Premier property
March 10, 2008
Cory SchoutenWachovia Bank has begun foreclosure proceedings on one of Premier Properties USA Inc.'s most prized developments, a giant
Ohio lifestyle center anchored by Target and J.C. Penney. The Charlotte, N.C.-based bank also is foreclosing on a vacant former
Wal-Mart store in front of Premier's Metropolis mall in Plainfield.
MoreKite lands in hot retail spot
February 25, 2008
Cory SchoutenAnother high-profile local developer is making a move to capitalize on the city's hottest retail corridor, joining mall giant
Simon Property Group Inc. and upstart Premier Properties USA Inc. Kite Realty Group Trust paid $18.3 million for Rivers Edge
shopping center, a 111,000-square-foot property just east of Clearwater Crossing.
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"And the success of the Indiana GOP to not allow an expansion of Medicaid had nothing to do with Indiana hospitals' financial woes? Fixed that for you; editorial bias rebalanced. Seriously, there are so many things wrong with Obamacare that the only way one can view it as a success is to assume that it was designed to fail our way into a government single payor healthcare system. The system is complex, creates huge regulatory burdens and overhead and yet still does not have adequate means to control escalating health care costs. But then when you elect a 10th grade math drop out with no quantitative reasoning skills to be President of one of the world's most important economies in troubled times, you can't really be surprised by blatant stupidity.
No NIMBYs here to chase off a decent development. We don't need tons of parking and we'd happily play the role of host to a downtown Whole Foods.
Whatever you do, don't change a single thing about Broad Ripple. I want it to look just like it did in the late '70s, with 30% of the north side of Broad Ripple Avenue burned out and plenty of places to park. That's right Broad Ripple, NEVER CHANGE. Let the world pass you by, don't improve your empty, abandoned lots full of weeds. Someday someone will want to film a zombie movie here.
Hollywood could step in and make a movie about the history about this forlorn series. It could be a full celebrity cast of characters. WOW. http://www.advanceindiana.blogspot.com/2013/02/indiana-taxpayers-forced-to-pay-for.html
This shouldn't come as a shock to many. Austin is a great city, and Indy needs to take some notes. Austin invests in decent transit options, has a highly educated workforce, embraces a creative class, and --despite being the state capital-- is not micromanaged by rural and suburban legislators. Want Indy to grow? Invest in the city (i.e. spend money). Raise taxes a bit, and use the money to improve education. And keep the state legislature out of Indy the other 9 months of the year.