Property Lines - Scott Olson

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Real Estate & Retail

Siteplan sleuthing in Las Vegas

May 20, 2008

ICSCHundreds of developers are circulating thousands of siteplans from more than 2 million square feet of exhibition space at the International Council of Shopping Centers convention in Las Vegas. The pitches include dozens of projects in central Indiana. Among them:
  • A siteplan from Kite Realty Group shows how the local developer plans to add more retail space to Rivers Edge, an Office Depot-anchored strip center it bought from Sourwine. The plans call for the center along 86th Street in Castleton to get a new 2,200-square-foot outlot at the eastern edge, a new bank where a sign now stands and possibly a new entrance at a stoplight shared with a new Lifestyle Family Fitness-anchored development across the street. (Check back tomorrow for new details on Kite's plan for Pan Am Plaza.)

  • Plans still are chugging along for an 80,000-square-foot indoor water park called Paradise Bay in Fishers. The project calls for a 244-room Wyndham Hotel, a retail town center and several outlots, all along State Road 37 just north of 131st Street. Steve Delaney of Sitehawk Retail is pitching restaurants and retailers on the plans. A car dealership is negotiating to take a big chunk along 37.
  • Locally based Mann Properties is pitching retailers on a new strip center northeast of Emerson and Thompson roads. They have a pending deal with Dunkin Donuts for an outlot of the center, which would sit behind a Blockbuster. The plans call for a total of about 100,000 square feet of new retail space.

  • A siteplan for Metropolis circulated by DeBartolo Development shows a "proposed Macy's" south of the mall's first phase, along with an unnamed hotel planned for above retail space. It does not yet show a proposed Bass Pro Shops.
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