The restaurant will be razed by landlord Kite Realty Group, which then plans to build a strip center on the property at the busy intersection of Allisonville Road and East 82nd Street.
Johnston & Murphy and Yankee Candle Co. are set to vacate their spaces at the end of the month, joining Gap, Gap Kids and American Greetings as tenants departing the third floor.
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.
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
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.
A seven- to eight-story hotel and 20,000-square-foot conference center are part of the proposed mixed-use development at exit 210 just off of Interstate 69 in Noblesville.
Ash & Elm Cider Co. plans to open early next year in space along East Washington Street on the near-east side, while Big Lug Canteen should start serving beers next month from the old Snooty Fox building in Nora.
RadioShack Corp. can start getting rid of its inventory right away, a judge said in approving the 94-year-old consumer-electronics chain’s request to begin store-closing sales. The list includes more than a dozen local stores.
A distillery is set to take the space formerly occupied by Bikes on Mass Ave, which plans to reopen nearby with a concept hawking beer and coffee. Plus: Mooyah burgers in Noblesville, go-karting in Fishers, and a craft brewery in Carmel.
Part 1 of a look back at 2014 news of note from Indianapolis’ northern suburbs. Coming tomorrow: North of 96th’s take on the biggest stories of the year in each community. Any suggestions?
An unidentified buyer has agreed to acquire about 50 acres of high-profile land in Whitestown’s sprawling Anson development, retail broker Jacqueline Haynes said.
