Indianapolis apartment construction soars skyward
The downtown rental market is booming, but is a slowdown coming?
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Work set to begin on Carmel segment of new U.S. 31
A $141 million contract includes interchange improvements at Interstate 465 and new roundabout interchanges at 106th, 116th, 131st and 136th streets.
Fishers plans new development on train-station site
Incentive deals are on the table to keep two high-potential businesses in Fishers, and the town is poised to pull the trigger on redevelopment of the Fishers Train Station property—where one of the firms could occupy third-floor office space.
DINING: Thirsty Scholar schools 16th Street on cafe culture
Limited menu best suited for grazing. Fourth in a month-long series of just-out-of-downtown dining reviews.
Leases/leasing contracts
-Jones Lang LaSalle has been named leasing agent for the 110,600-square-foot Chamber of Commerce Building, 320 N. Meridian St. Kevin Gillihan and James Clark of JLL are the leasing representatives.
-Ollie’s Bargain Outlet leased 30,000 square feet of retail space in River Ridge Plaza, 1634-A Scatterfield Road, Anderson. The tenant was represented by Bobby Traynham of Rhino Realty Group. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.-Amarr Co. leased 14,400 square feet of industrial space at 7768 Zionsville Road. The tenant was represented by Michael Weishaar of Cassidy Turley and John Ruffin of Meridian Realty Group. The landlord, Zionsville Indy LLC, was represented by Michael Napariu of REI Investments.
-Architectural Supplements LLC leased 11,555 square feet of industrial space at 7301 Georgetown Road. The tenant was represented by Joe Boarini of Quest Commercial Real Estate LLC. The landlord, Source Interlink Companies, was represented by Grant Lindley of Cassidy Turley.
-Comic Book University leased 4,800 square feet at Greenwood Place, 7623 S. Shelby St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.-Body Mind and Core leased 4,053 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The landlord, KRG Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-McFarling Foods leased 4,000 square feet of industrial space at 1234-1246 N. Capitol Ave. The landlord, 1234 N. Capitol LLC, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.
-Mattress Firm Inc. leased 3,500 square feet of retail space in the Shoppes at Smith Valley, 791 State Road 135, Greenwood. The tenant was represented by Scott Gray of Sitehawk Retail Real Estate. The landlord, 791 SR 135 LLC, was represented by Scot Courtney and Bart Jackson of Lee & Associates.
-Shorty's Pub and Eatery leased 2,800 square feet at Washington Corner, 9976-9978 E. Washington St. The landlord, Broadbent Co., was represented by Josh Broadbent. The tenant represented itself.
-School on Wheels leased 2,369 square feet at Glendale Town Center, 6101 N. Keystone Ave. The landlord, Glendale Centre LLC, was represented by Andrew Hasbrook of Kite Realty Group. The tenant represented itself.
-Art’s Skillet leased 2,326 square feet of retail space in Esquire Plaza, 8255 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
-Koko Fit Club leased 2,042 square feet at Rangeline Crossing, 116th Street and Rangeline Road, Carmel. The tenant was represented by Beth Patterson of Colliers International. The landlord, KRG Centre LLC, was represented by Blake Beaver of Kite Realty Group.
-Springleaf Financial leased 1,906 square feet of retail space in Cherry Tree Plaza, 9725 E. Washington St. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.
Boomers face downsizing dilemma in Indianapolis
Changing tastes, economic uncertainty could crimp sale prices for boomers wanting to move into smaller quarters.
Is Fido clamoring for a trip to the mall?
Officials at Clay Terrace in Carmel are working on plans to open a dog park on a vacant patch of land along U.S. 31, south of St. Vincent Sports Performance.
Fishers man dies in I-69 wreck
A Fishers man died just after 4 p.m. Monday in a five-vehicle crash on northbound Interstate 69 that closed the busy highway for almost four hours. Michael Peed, 38, was stopped in traffic, waiting to exit at 116th Street, when another driver crashed into the back of his car. Peed’s vehicle was pushed into another car before he veered and was hit by a semi. Two others suffered non-life-threatening injuries. Lanes reopened just before 9 p.m.
Roundup: Westfield cafe closes; plus new pho, fro-yo, BBQ and baked goods
Marlow’s Café closed in September after more than three decades on State Road 32 in Westfield, and a new restaurant is set to take over the breakfast-and-lunch spot.
Meridian Mark buildings in Carmel expected to hit market
The two eight-story, granite-clad buildings are highly visible along the North Meridian Street corridor, which has become attractive to investors as the market’s vacancy rate continues to fall.
Speedway buys another motel property as part of redevelopment plan
It’s the second motel property Speedway has acquired near Interstate 465, as part of its plan to establish a gateway into the town.
Merchants’ Square stores coming down to make way for Flix Brewhouse
Carmel’s Merchants’ Square shopping center will be getting a mini makeover thanks to coming attraction Flix Brewhouse.
Two injured by flurry of bullets
A gunman or gunmen riddled a northwest-side home with at least 26 bullets at about 2:30 a.m. Friday, injuring two men in the house. Investigators say the shooting in the 1800 block of Dexter Street, just north of West 16th Street, was likely drug-related. One victim, 26, suffered wounds in the head and leg. The other, 22, was shot in the leg. Both were hospitalized in undisclosed conditions. The shots were fired from a red compact car.
Roundup: Soup joint, Ethiopian eats and relocations
Soupremacy is set to take space just off Monument Circle vacated by Teapots n Treasures, which moved a couple of blocks away, while Ambrosia settles into new digs in Broad Ripple.
Fishers looking to fund development with tax hike
Suburban neighbors already impose 1-percent levy on food and beverage sales.
Leases/leasing contracts
-National Distribution Centers renewed its lease for 382,612 square feet in Lebanon Business Park Building 14, 500-520 S. Enterprise Blvd., Lebanon. The tenant was represented by Mark Writt of CBRE. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Breg Inc. leased 112,500 square feet in Plainfield Building 1, 1551 S. Perry Road, Plainfield. The tenant was represented by Keith Sant of Sant Commercial. The landlord, Duke Realty, was represented by Duke's Jay Archer.
-Guggenheim Life & Annuity Co. leased 9,687 square feet at Meridian Corporate Plaza One, 401 Pennsylvania Parkway. The tenant was represented by Kevin Gillihan of Jones Lang LaSalle. The landlord, Indland American Office Management LLC, was represented by John Robinson and Adam Broderick of Jones Lang LaSalle.
-YourEncore leased 9,185 square feet at the Circle Building, 111 Monument Circle. The landlord, CW Monument Circle Inc., was represented by John Robinson and Adam Broderick of Jones Lang LaSalle. The tenant represented itself.
-Integrity Staffing Solutions Inc. renewed its lease for 5,504 square feet of office space at 6000 Corporate Way Drive, Building B. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Caleast Industrial Investors LLC, was represented by Russ Van Til and Bryan Poynter of Cassidy Turley.-VCA Animal Hospitals Inc. leased 5,000 square feet of retail space at Emerson Shoppes, 4920 S Emerson Ave. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, KLC Realty LLC, was represented by Greg Smith of Colliers International.
-Visiting Physicians Assistants leased 3,495 square feet of space at Parkstone Office Center, 9001 N. Wesleyan Road. The tenant was represented by Jeffrey Silverman of U.S. Medical Management. The landlord, Parkstone Indianapolis LP, was represented by Ashley Bussell and Derek Menerey of Newmark Knight Frank Halakar.
-Destination Maternity leased 3,147 square feet at Racquet Square, 4025 E. 82nd St. The landlord, Racquet Square Center LLC, was represented by Larry Davis, Tom English and John Baker of Sitehawk Retail Real Estate. The tenant represented itself.
-Piada Italian Street Food leased land for a 3,000-square-foot restaurant at The Shops at River Crossing, 8601 River Crossing Blvd. The tenant was represented by Steve Delaney of Sitehawk Retail Real Estate. The landlord, PK Partners, represented itself.
-The Mentor Network leased 2,940 square feet of space at Parkstone Office Center, 9001 N. Wesleyan Road. The tenant was represented by Kim Vo of Mohr Partners. The landlord, Parkstone Indianapolis LP, was represented by Ashley Bussell and Derek Menerey of Newmark Knight Frank Halakar.
-GMB AE LLC, leased 2,500 square feet of office space at 310 N. Alabama Street. The tenant was represented by Kevin Dick and Paul Dick of Colliers International. The landlord, Massala Properties LLC, was represented by Ashley Bussell and Ralph Balber of Newmark Knight Frank Halakar.
-DMN Corp., dba Azuma Leasing, leased 2,168 square feet of industrial space at 4937 E. 23rd St. The landlord, Marion Property Trust c/o Presidential Bank, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Rowe Conveyor LLC leased 1,895 square feet of industrial space at 1729 S. U.S. 31, Suite F. The landlord, Petro Brothers LLC, was represented by Brian Dell of Summit Realty Group. The tenant represented itself.
-Pure Barre leased 1,807 square feet at Geist Pavilion, 11501 Geist Pavilion Drive, Suite 111, Fishers. The tenant was represented by Greg Smith of Colliers International. The landlord, 116th & Olio LLC, was represented by Andrew Hasbrook of Kite Realty Group.
-Blue Plumbing & Mechanical Inc. leased 1,500 square feet of industrial space at 4924 E. 23rd St. The landlord, Marion Property Trust c/o Presidential Bank, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.
-Barnes & Thornburg LLP leased 1,357 square feet of office space at 10401 N. Meridian St. The landlord, Cassidy Turley acting as court-appointed receiver, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.
-Indian Restaurant leased 1,200 square feet at Main Street Crossing, 130 N. Perry Road, Plainfield. The landlord, Tabani Main Street LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
Development starts long before dirt starts moving
The growth of Carmel’s Meridian Street office corridor wasn’t a happy accident. It was city planning. Last month’s Hamilton County Leadership Academy session provided an up-close look at planning and development in the fast-growing suburbs.
Suspect nabbed after break-in
A 24-year-old Noblesville man was arrested Wednesday morning after he broke into an occupied Fishers apartment in an effort to elude police. Justin Morefield was found hiding in a bedroom closet about 2 a.m. after a couple called police to tell them somebody had broken into their Sand Creek Woods apartment, near 116th Street and Cumberland Road. Police had been seeking Morefield since about 9 p.m. Tuesday, after he fled from an attempted traffic stop near 126th Street and Hoosier Road, likely because he has multiple outstanding warrants. The suspect was bitten by a police dog when he was taken into custody.
Future murky for Carmel’s 2-story development rule
City leaders are embroiled in a debate over the future of Range Line Road, through the heart of Carmel’s redeveloped downtown. Special density zoning rules are intended to create a consistent look and keep residents from bearing the brunt of the city’s significant infrastructure investment. The question is whether it’s working.
CityWay project takes top Monumental Award honor
The Indy Chamber presents the awards that honor significant achievements in architecture and design. Buckingham Cos.’ CityWay also won in the Public Art category.