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Shopping Centers
Circle Centre hanging in despite anchor vacancy
May 8, 2013
Scott OlsonThe downtown mall last year saw its sales per square foot increase to $354, a 5.3-percent increase from 2011, according to
an annual operating report it provides to the city. But non-anchor occupancy slipped below 90 percent.
MoreKite buys Castleton Crossing center for $39M
May 1, 2013
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods,
Burlington Coat Factory and Shoe Carnival.
MoreMore demand for mall space boosts Simon earnings
April 26, 2013
Bloomberg NewsThe Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in
occupancy, rent revenue and earnings for the first quarter.
MoreSimon taps Pace bonds to fund energy projects
April 8, 2013
Bloomberg NewsIndianapolis-based Simon Property Group Inc. is among borrowers funding projects from rooftop solar panels to energy-savings
systems using so-called Pace financing.
MoreBarron's enthrones Simon among world's best CEOs
March 25, 2013
Mason KingAlready one of the most highly regarded CEOs in Indiana and in his industry, David Simon of Simon Property Group now is keeping
company with the likes of Warren Buffett, Amazon's Jeff Bezos and Larry Page of Google.
MoreTwo projects would give Nora Plaza a face-lift
March 23, 2013
Scott OlsonThe developer of Nora Plaza is planning a $2 million redevelopment of a building that formerly housed Café Nora in
the popular north-side shopping center, and anchor Whole Foods is expanding into 5,700 square feet of space north of its existing
store.
MoreSimon differs from other mall owners on teen policy
March 13, 2013
Kathleen McLaughlinAs local activists push for stronger steps to curb disruptive gatherings by teenagers at local shopping malls, Simon Property
Group is standing by a corporate policy against restricting access to its properties.
MoreSimon unit suing Stir Crazy chain for unpaid rent
February 1, 2013
Scott OlsonThe owner of Castleton Square Mall is suing its former tenant for $471,031 following the restaurant's closing late last month.
MoreKite continues Southeast push with $37.3M in acquisitions
December 27, 2012
IBJ StaffIn December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds
from its recent $60 million stock sale.
MoreRetail, apartment blitz hits Fishers
December 8, 2012
Cory SchoutenIt seems as if all of Fishers is under construction—and not just the perpetual improvements to Interstate 69. Developers
have lined up a multitude of deals adding residential and commercial space, projects that are coinciding with the town’s
recent voter-approved transition to a city.
MoreAs Simon soars, two big mall anchors retrench
December 1, 2012
Greg AndrewsAre Simon investors overlooking the potential fallout from trouble at two of the mall giant’s biggest tenants, Sears
and JCPenney?
MoreSouth-side shopping center fills up on shoes, furniture
November 24, 2012
Shoe Carnival, Rooms Express will bring Southport Plaza to full occupancy for the first time in four years.
MoreBattered Broadbent climbs back from brink
November 10, 2012
Cory SchoutenOne of the city’s best-known retail developers is alive and kicking again after a harrowing real estate downturn and
protracted legal battle with two lenders.
MoreTax bills slashed for pair of ailing malls
October 20, 2012
Kathleen McLaughlinMarion County is granting Simon Property Group Inc. a $2.4 million refund, after a tax review board cut the value of Lafayette
Square Mall and Washington Square Mall roughly in half.
MoreVIDEO: Work on Fashion Mall at Keystone enters home stretch
September 26, 2012
Mason King
Much-anticipated upgrades to the high-profile Fashion Mall at Keystone will be ready for shoppers by mid-November. Mall
owner Simon Property Group provided a sneak peek on Wednesday of work under way.
Simon again considering acquisition of shopping mall rival
August 24, 2012
IBJ Staff and Bloomberg NewsOne of General Growth Properties Inc.'s largest shareholders says Indianapolis-based Simon Property Group has discussed
acquiring the Chicago-based shopping mall competitor.
MoreFashion Mall landlord suing tenant over unpaid rent
July 30, 2012
Scott OlsonA division of Simon Property Group Inc. is suing Brisbane, Calif.-based Bebe Stores Inc., claiming the women's clothing retailer
owes it $64,000 in unpaid rent.
MoreJ.C. Penney sells Simon Property stake for $248M
July 23, 2012
Associated PressJ.C. Penney Co. said Monday that it is selling the bulk of its interest in mall developer Simon Property Group Inc. for $248
million as it focuses on its core business.
MoreA year later, Circle Centre Nordstrom vacancy lingers
June 30, 2012
Cory SchoutenWithout a rapid-fire lease deal and renovation, the former Nordstrom anchor space at Circle Centre will sit idle for a second
holiday season. The more general-audience-oriented department store chain Macy’s remains the odds-on favorite to replace
Nordstrom, though it would take only a portion of the available space.
MoreRACE: Reinventing commercial strips has economic upside
June 30, 2012
Bruce Race / Special to IBJSavvy cities understand strip commercial corridors are economically and environmentally unsustainable.
MoreLEADING QUESTIONS: Big Car director helps drive growth
June 27, 2012
Mason King
The
Big Car arts collective is shifting into a higher gear, with a budget this year of $250,000, a new westside events hub, and
a paid staff that no longer fits into a sedan. Executive Director Jim Walker provides a front-seat view.
Kroger convinces council member of need for gas station
June 26, 2012
Kathleen McLaughlinKroger Co. will add a gas station to its store at West 86th Street and Township Line Road after successfully lobbying an Indianapolis
City-County Council member who'd threatened to stand in its way.
MoreU.S. retail chains spending billions in bet on growth
June 7, 2012
Bloomberg NewsFor all the concern that the U.S. economy may be slowing, retailers from Express Inc. to Indianapolis-based Finish Line Inc.
are poised to spend the most on capital improvements since the recession.
MoreDeveloper ups retail ambitions for 86th-and-Keystone site
June 2, 2012
Cory SchoutenA Wisconsin developer has beefed up plans for the southwest corner of East 86th Street and Keystone Avenue across from The
Fashion Mall at Keystone.
MoreDeveloper Kite to remake key corner in Carmel
May 26, 2012
Cory SchoutenKite Realty Group Trust is planning a Rivers Edge-like overhaul of two shopping centers it owns at 116th Street and Rangeline
Road in Carmel. The Indianapolis-based real estate firm already has landed new tenants, including a natural and organic grocery
store and a handful of restaurants.
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RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.
Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?
Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.