
Gershman, Citimark buy Gold Building, two adjacent properties
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
The deal includes the Gold Building and the office building at 251 E. Ohio St., both of which have struggled with low occupancy in recent years.
The local developers of The Ardmore see the apartment-and-retail development as a bookend to the massive Bottleworks project on the other end of Mass Ave.
If the Minneapolis-based retail giant finally takes the plunge downtown, it might be at another site that almost no one is talking about.
Providing next-generation leadership to a real estate company with $150 million in active projects, Eric Gershman is bullish on Indianapolis development.
The project, which could include nearly 1 million square feet of higher-end retail, would be developed by locally based Gershman Partners.
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
Developers of The Ardmore told city officials on Wednesday that they hope to start construction in the fall and are seeking city financial assistance on the project.
New York-based Industrious said it will occupy two floors in the structure under construction by local developer Gershman Partners. It’s the second co-working provider to secure a downtown locale in two months.
Gershman Partners had hoped to start construction late last year, but the mayor of Greenwood says large retailers have been slow to commit to the project, causing the delay.
Two local developers have slated the 124-unit project for the same block as one of downtown’s most iconic office towers.
The yet-to-be-named restaurant will occupy 5,500 square feet in Gershman Partners’ Marietta building under construction next to the Marott Center.
Nine retail tenants have signed on to open at The Bridges development near U.S. 31 and 116th Street in Carmel this summer.
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
The patience of Greenwood officials to find the best use for the high-profile intersection at Interstate 65 and County Line Road shows an economic-development mind-set that’s bringing renewed prosperity to the county.
Developer Gershman Partners is planning a $90 million retail project in Greenwood that would include 700,000 square feet of space, putting it on par with central Indiana’s major shopping centers.
Gershman Partners should start construction in the next few months on a four-story addition to the Marott Center at the foot of Mass Ave.
Gershman Partners, which bought the Marott Center less than a year ago, wants to build the addition on an adjacent surface lot.
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.