Latest real estate headlines

It’s a busy week for real estate news. Here are a few headlines:

Circuit City closes Clay Terrace store

Carmel’s high-end lifestyle center Clay Terrace has an empty big box. Virginia-based Circuit City closed the local store Sunday as part of a nationwide effort to shore up finances. The struggling electronics retailer has seen its stock fall below $5. The Carmel location is the only local store affected by a recent round of closings. What would you like to see here?

Hearing planned for Merrill Street tower

Plans for a 24-story tower between Eli Lilly & Co.’s Faris Campus and Lucas Oil Stadium are scheduled for a Wednesday hearing by the Metropolitan Development Commission. The $47 million project, by a development team including locally based Prince/Alexander Architects, calls for a 225-room hotel, first-floor retail, a parking garage and 40 apartments. The original plan called for condos instead of apartments. Planning staff has recommended approval for rezoning of the parcel along West Merrill Street.

Local food shop looks at Sunflower space

Broad Ripple’s homegrown Good Earth Natural Food Store is exploring the possibility of moving into the vacated Sunflower Market space on 62nd Street. The Good Earth is bursting at the seams of its current location, a converted house at 6350 Guilford Ave. Grocery chain Supervalu closed its Sunflower stores this month and is looking to sublease the space.