The lead bank on the massive Legacy development along 146th Street in Carmel has put the note up for sale with an asking price of about $15 million—less than half what lenders have sunk into the project.
Several new restaurants and stores are coming to Indianapolis just in time for the holiday rush.
OshKosh B’gosh will open its first Indianapolis store next to The Fashion Mall at Keystone.
A flea market is replacing a former bowling alley. Plus: A new candy shop planned for Noblesville; Monical’s heads to Lawrence;
and Panda Express eyes IUPUI campus.
Vacancy rates unseen in 20 years are hampering efforts by developers.
A fire set in a restroom filled a central Indiana movie theater with smoke and prompted its evacuation. The Noblesville Fire Department said the fire was set last night in a men’s room stall at the Goodrich Quality IMAX Theatre. No injuries were reported, but the fire caused an estimated $25,000 in damage before it […]
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives.
Layoffs could put Simon in violation of HQ incentive agreement. Noblesville put up big bucks to spur Hamilton Town Center development. It’s hard to imagine Indianapolis without the Simon family. The mall owner Simon Property Group Inc. is one of the city’s most prominent corporate citizens, the company-developed Circle Centre mall acts as downtown’s heart, […]
The old adage that retail follows rooftops is only partially true; retail also follows taxpayer-funded incentives. Simon Property Group Inc. built central Indiana’s newest mall, Hamilton Town Center, along a major thoroughfare in one of the state’s most appealing spots for retail. Yet both Simon and Noblesville officials say the $126 million project would not […]
Wrecking crews this week tore down the Best Rentals building at 123 N. New Jersey St. The most recent plans
for the space, revealed to city planners…
A quick turnaround from city official to high-paid land-use lobbyist raises questions for some critics of revolving-door
government.
Retail developers always have been an audacious breed. They spend millions to build shopping centers, confident that tenants will flock to fill the slots they didn’t prelease. To charge ahead these days takes more than the usual dose of intestinal fortitude. Everyone is nervous — from shoppers to lenders to retailers, many of which have […]
Several potential buyers submitted bids today for a handful of properties near Meridian and 16th streets that once housed the Payton Wells car dealership. Colliers Turley Martin Tucker Auctioneer Bob Getts confirmed bids were submitted but declined to identify the bidders. He said property owners are reviewing the submitted bids. The auction had originally been […]
When it came to timing its initial public offering, ExactTarget Inc. didn’t exactly hit a bull’s-eye. The Indianapolis-based maker of e-mail marketing software filed to go public in mid-December, well into the market swoon that began before Halloween. Since then, the market’s only gotten spookier. The S&P 500 has shed another 13 percent, leaving the bellwether index 18 percent off its October high. Not surprisingly, ExactTarget is stuck at the starting gate. It hasn’t moved forward with launching its $86…
At a time when Starbucks is closing hundreds of stores nationwide, he and other local independent coffeehouse owners say they’re doing just fine, largely because they’re infusing their stores with personality and offering consumers an experience chain stores can’t replicate.
Many of central Indiana’s banks are filling their own safe-deposit boxes, but they’re not stuffing them with jewelry, legal documents or blackmail material. They’re banking parcels of land. The sites often are in fast-growing suburbs or redevelopment areas that hold potential for new brickand-mortar bank branches, sometimes several years down the road. Competition can be fierce for the prime sites, and other financial institutions aren’t the only nemesis for banks: Walgreens and CVS also are fighting over the best ground,…
A former Duke Realty Corp. executive who hung up her own shingle last year is close to breaking ground on her first project. Cindy Schembre, 49, launched Via Retail Development LLC in January 2007 and is negotiating with tenants and closing on the purchase of 11 acres at 56th Street and Mitthoeffer Road. The $15 million project, known as Lawrence Commons, is an 80,000-square-foot neighborhood center that is slated to break ground in June. The development includes a 45,000-square-foot anchor…
Property Lines turns one this week. We’ve reached 300 posts and more than 5,500 comments thanks to the participation and support of a loyal group of readers. Thank you.To mark the occasion, let’s…
Real estate giant Colliers Turley Martin Tucker expects a 2008 slowdown in new office and industrial construction in Indianapolis as market demand catches up to a rapidly expanding supply. Retail construction likely will continue its quick pace, buoyed by the addition of mega-fitness chains and the local expansion of Dunkin Donuts. But tightening credit markets […]
Several stores are calling it quits at local malls. The highest profile is the Macy’s at Washington Square. Other closings include Gap stores, a Limited Too and The Walking Co. Have…
