Rivers Edge success spawns 2 new retail strip centers

May 23, 2012
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Rivers Edge signKite Realty's redeveloped Rivers Edge shopping center at 82nd Street at Dean Road is fully occupied, leaving other developers to capitalize on stronger retail demand in the area. Some big-name stores and a new-to-market restaurant have lined up to take space in retail strips across the street from Nordstrom Rack, Container Store, BuyBuy Baby and Harry & Izzy's.

A center under construction and developed by locally based Veritas Realty has commitments from: Pancheros Mexican Grill, an Iowa-based concept similar to Chipotle and Qdoba that will be opening its first Indiana store; DiBella's Old Fashioned Submarines, a New York chain that's looking for six local restaurants starting with Traders Point and The Avenue near IUPUI; Mattress Firm and Verizon Wireless.

A new retail building just to the west proposed by locally based Thomas English Retail Real Estate calls for a Select Comfort mattress store. No word yet on the second tenant for the space or a new user and/or redevelopment of the vacant former Lifestyle Family Fitness behind the proposed Thomas English project.

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  • Rivers Edge
    LukeMay 23, 2012 2:18 PM
    What is going inbetween the container store and BGI?
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  • Rivers Edge
    Indy24May 23, 2012 2:37 PM
    Arhaus is taking that location.
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  • Arhaus
    PatkMay 23, 2012 3:11 PM
    Is this a new location for Arhaus or are they leaving the Carmel location at 116th and Keystone?
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  • Arhaus
    CoryMay 23, 2012 3:19 PM
    The Rivers Edge Arhaus is replacing the one at Merchants Square.
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    • FASHION MALL???
      ToddMay 24, 2012 5:30 PM
      Any news on new tennants at the Fashion Mall after the renovation / addition is finished?
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    • Fort Wayne had a Pancheros
      Fort WayneJune 14, 2012 4:20 PM
      But it closed, so therefore your comment is wrong, but it would be the only one in full operation in Indiana.
      Reply to CommentFlag Comment

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    1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

    2. Owner occupied housing. Clear enough?

    3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

    4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

    5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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