Indianapolis apartment construction soars skyward
The downtown rental market is booming, but is a slowdown coming?
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Sneak a peek at The Depot mixed-use project in Fishers
Construction fencing is up and trees are coming down in front of Fishers Town Hall in preparation for next month’s groundbreaking on The Depot at Nickel Plate, a mixed-use project that officials hope will launch a wave of downtown redevelopment.
IBJ Real Estate Power Breakfast transcript
Indianapolis Business Journal gathered leaders in the state's commercial real estate and construction industry for a Power Breakfast panel discussion Sept. 13. The following is an unedited transcript of the discussion.
Wal-Mart steps up grocery ambitions
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
Leasing/leasing contracts
-Performance Assessment Network Inc. leased 17,150 square feet of office space at 11590 N. Meridian St., Carmel. The tenant was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The landlord, Fidelity Office Building II LP, was represented by Mike Napariu of REI Investments Inc.
-Tish Flooring leased 10,078 square feet of industrial space at 4625 W. 86th St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, North By Northwest AB Biynah LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-Minnick Services Corp. leased 5,600 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Mark Writt of CBRE. The landlord, 2525 Shadeland LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-American Society of Clinical Pathology leased 3,178 square feet at 8900 Keystone Crossing. The tenant was represented by Sean Reynolds of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-Midwest Wealth Management Inc. leased 3,056 square feet at 8888 Keystone Crossing. The tenant was represented by Rob Lukemeyer of Baseline Inc. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.
-It's All Greek To Me Restaurant leased a 2,520-square-foot free-standing building formally occupied by Donato’s Pizza at 3530 Mann Road. The tenant was represented by Paul Rogozinski of Veritas Realty. The landlord, Donatos Pizza Realty LLC, was represented by Jeff Hubley of Midland Atlantic.
-Andreina Vitto DDS leased 2,261 square feet at Olio Pavilion, 11630 Olio Road, Fishers. The tenant was represented by Matt Jackson of Jackson Investment Group LLC. The landlord, Olio Pavilion, was represented by Keith Fried of Sitehawk Retail Real Estate.
-World Finance leased 1,900 square feet of retail space in Honey Creek Plaza, 3835 Moller Road. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Trustco Development Co., was represented by Drew Kelly of Sandor Development Co.
-World Finance leased 1,840 square feet of retail space in Indian Creek Commons, 10625 Pendleton Pike. The tenant was represented by Seth Biggerstaff of Veritas Realty. The landlord, Viking Partners Indian Creek LLC, was represented by Jamison Downs and Kyle Hughes of Veritas Realty.
-Starbucks leased 1,803 square feet at 13844 Olivia Way, Fishers. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Crown Property Management IV LLC, was represented by Paul Gold of Echo Retail.
-Flaherty & Collins Inc. leased 1,800 square feet at 8900 Keystone Crossing. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle. The tenant represented itself.
-Haffley Taylor & Co. leased 1,703 square feet at 8900 Keystone Crossing. The tenant was represented by James Clark of Jones Lang LaSalle. The landlord, Philadelphia-based Equus Capital Partners Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.-Jet’s Pizza leased 1,600 square feet in Shadeland Crossing Shopppes, 7538 N. Shadeland Ave. The tenant was represented by Kyle Hughes of Veritas Realty. The landlord, Glendale Partners of Shadeland Shoppes LLC, was represented by Paul Rogozinski of Veritas Realty.
-Goodwill Industries of Central Indiana Inc. leased 1,600 square feet in Lantern Crossing Shopping Center, 8960 E. 96th St., Fishers. The tenant was represented by Bill French of Cassidy Turley. The landlord, Glendale Partners of Michigan Road LLC, was represented by Paul Rogozinski and Kyle Hughes of Veritas Realty.Flaherty making big pitch on Range Line Road project in Carmel
Flaherty & Collins Properties is floating two redevelopment ideas for a seven-acre parcel on the edge of Carmel’s tony downtown, but both require public support that casts uncertainty over the project.
New retail downtown sitting idle
A flood of downtown apartments coming on the market is leasing up quickly, but much of the attached retail space continues to languish as some begin to wonder whether the residential boom will create enough retail demand.
Apartment deal is solid decision
There is much to praise in the proposal to redevelop the north half of the former Market Square Arena site, which was officially unveiled July 16. The 28-story apartment building promises to be visually appealing. That’s a subjective judgment, certainly, but consistent with much online reaction to the skyscraper’s design. Based on the renderings and […]
EDITORIAL: Apartment deal is solid decision
There is much to praise in the proposal to redevelop the north half of the former Market Square Arena site, which was officially unveiled July 16.
Specialty grocer on wish list for MSA development
Flaherty & Collins, the developer of the 28-story tower, “would love to have a Whole Foods” or similar grocer as a retail tenant. With one Marsh two blocks away and another under construction nearby, the project begs the question whether the area can support three groceries.
Proposals for MSA project ranged from $70M to $117M
The city received five proposals to redevelop a portion of the former Market Square Arena site. Here are details of the proposals, including those submitted by developers that weren’t selected.
Developer F&C’s ‘bold statement’ could finally solve MSA puzzle
City incentives and a strong apartment market suggest Flaherty & Collins’ proposed $81 million, 28-story downtown apartment tower has a better chance of getting built than two previous attempts to redevelop the former site of Market Square Arena.
Market Square project calls for $81 million, 28-story tower
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper on part of the former home of Market Square Arena in what would be the tallest new downtown development since the JW Marriott opened in 2011.
City expected to tap Flaherty & Collins for former MSA site
The prolific local developer Flaherty & Collins Properties is expected to land a deal with the city to build a residential and commercial skyscraper on part of the former home of Market Square Arena, multiple sources said Monday evening.
City set to unveil Market Square project plans
City officials will reveal the winner Tuesday morning from six teams that bid on redeveloping the downtown site. All proposed mixed-use projects, but they ranged in size from eight to 52 stories.
New owners plan to upgrade apartments plagued by shortcuts
The ill-fated Di Rimini apartment project that city officials halted three years ago because of numerous code violations is set to be resurrected by two local businessmen.
Issuers of bonds burned by rate hike
Government entities across Indiana have spent the past two years refinancing every possible bond to take advantage of historically low rates, but the savings might not be so easy to come by if rates continue to rise.
More upgrades in store for downtown’s Cadillac Building
The building owner is opening window coverings that had been sealed shut, a move that will make the property more attractive to a retailer. A huge apartment project underway nearby is giving the area a lift.
High-profile Carmel property draws just one bid
Would-be buyers of the former Party Time Rental site in Carmel were asked to pitch plans for a three-story (or taller) mixed-use building featuring first-floor retail and plenty of parking.
Fishers buys properties, moves dirt to draw developers
Officials have quietly struck deals with more than a half-dozen property owners in the triangle-shaped targeted area west of Lantern Road, east of the railroad tracks and north of 116th Street.