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Plans for Kroger-anchored center in west Carmel fall through

 IBJ Staff
October 30, 2010
Keywords
Carmel, Commercial Real Estate, Grocery Stores, Hamilton County, Kroger, Real Estate & Retail, Real estate deals, Regional News, Retail, Retail Development, Retailers
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On The Beat Industry News In Brief

Kroger Co. has dropped plans to build a store on the current home of Altum’s Garden and Landscape in west Carmel.

The decision came just a few weeks before Altum’s planned move from its current home at 11335 N. Michigan Road about four miles north to near Michigan Road and 146th Street.

Kroger spokesman John Elliott said the numbers just didn’t work on the Altum’s site, but that the chain still is interested in the area and might even reconsider the same site if economic variables change.

Kroger does not yet have a store in the Zionsville/west Carmel area. Its closest locations are along 86th Street just west of Township Line Road and at 71st Street and Georgetown Road.

“That still remains a geographic gap for us, and we’re determined to fill it,” Elliott said.

The nursery is exploring other redevelopment options for its current location and still plans to move to its new home eventually. The nursery now plans to remain open at its current site at least through the holidays.

“This was definitely unexpected,” Dana Altum said in a note to customers. “But we’re moving on and we’re just as excited about the plans and potential.”

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