Retail Development

Ambrosia to open downtown restaurant in former BadaBoomz siteRestricted Content

July 27, 2009
 IBJ Staff
The 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.
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Keystone Construction plans Madison Avenue retail center

July 7, 2009
Cory Schouten
A 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.
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Cultural Trail spurs development plan along Virginia AvenueRestricted Content

June 8, 2009
Cory Schouten
A 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.
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Irvington rolls out $1.2 million promotional campaignRestricted Content

June 1, 2009
Anthony Schoettle
In 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.
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Building off Circle finally lands a tenantRestricted Content

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.
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Recession slows the creation of a self-contained Boone County communityRestricted Content

May 18, 2009
Kathleen McLaughlin
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted.
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Jefferson Plaza renovation approaches endRestricted Content

February 16, 2009
Katie Maurer

The 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.

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Fall Creek Place plans retail and restaurantRestricted Content

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.
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New restaurants open in downtown IndianapolisRestricted Content

January 12, 2009
Two new restaurants near the corner of Washington and Pennsylvania streets have opened their doors.
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Ex-Noblesville official paved way for project after resigning post

December 22, 2008
Cory Schouten
A quick turnaround from city official to high-paid land-use lobbyist raises questions for some critics of revolving-door government.
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Kite drops about 10 percent of its staff as retail market floundersRestricted Content

December 15, 2008
Cory Schouten
Kite 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.
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Despite sour economy, retail developers press onRestricted Content

December 1, 2008
Greg AndrewsMore

Strip-mall developer scales back as housing slump hurts small retail centersRestricted Content

August 4, 2008
Cory Schouten

A 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.


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New Lafayette Square owner pitching major expansionRestricted Content

May 26, 2008
Cory Schouten
Lafayette 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.
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DeBartolo to buy Metropolis from Dominion CapitalRestricted Content

May 19, 2008
Cory Schouten
Tampa, 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.
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Premier Properties lays off workers as lawsuits, debt pile upRestricted Content

April 7, 2008
Cory Schouten
Premier 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.
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Creditor pursues Premier propertyRestricted Content

March 10, 2008
Cory Schouten
Wachovia 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.
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Kite lands in hot retail spotRestricted Content

February 25, 2008
Cory Schouten
Another 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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Developers have new plans for cornerRestricted Content

December 31, 2007
Cory Schouten
The retail juggernaut at 86th Street and Keystone Avenue could get even stronger in the next several years. Locally based Premier Properties USA Inc. revealed plans in 2007 for a $750 million redevelopment of a prime corner near The Fashion Mall at Keystone.
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'Mystery man' at helm of Premier Properties dreams big, but bills pile upRestricted Content

December 17, 2007
Cory Schouten
Christopher P. White is arguably the city's most daring real estate developer. But an IBJ review of hundreds of pages of public records shows White and his Premier Properties USA Inc. are facing major financial and legal challenges.
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Premier not afraid of going head-to-head with SimonRestricted Content

October 1, 2007
Cory Schouten
Premier Properties USA Inc. is preparing to go head-to-head with Simon Property Group Inc., the nation's largest and most powerful mall developer, across the street from Simon's top-performing The Fashion Mall at Keystone. Premier is proposing a 2.3-million-square-foot, $750 million development at 86th Street and Keystone Avenue called Venu.
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Fiercely private developer built strip-center empireRestricted Content

September 24, 2007
Cory Schouten
Sid Eskenazi fell in love with the board game Monopoly as a child. Buying and developing make-believe properties with make-believe money inspired the grade-schooler. And he was good at it. So several years later, Eskenazi began playing what he likes to call "adult Monopoly." He bought one property at a time with real money.
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Pan Am buyer to raze rinksRestricted Content

July 30, 2007
Cory Schouten
A Texas firm has agreed to buy Pan Am Plaza's 12-story office building and skating rinks and is planning to replace the rinks with a more-than-$50-million restaurant and retail development.
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Condo owners in quandary over developer's offerRestricted Content

July 9, 2007
Cory Schouten
The questions these days among residents of Lakes at the Crossing, a quiet community of 77 condos tucked behind a strip center and an office park along 86th Street at Keystone Avenue, are: Who will sell, and for how much?
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East end of Mass Ave poised for rebirthRestricted Content

May 7, 2007
Cory Schouten
Bustling foot traffic at lunchtime and at night helps sustain many of the restaurants, shops and galleries in the vibrant Mass Ave downtown neighborhood. But few of the Massachusetts Avenue shoppers and diners on foot venture east of the psychological barrier that is College Avenue.
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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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