The 1.08 million-square-foot complex is expected to sell for significantly less than the $150 million it fetched in 2019, real estate sources told IBJ.
The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players.
An investment group led by Indiana Pacers owner Herb Simon and his family said Thursday it plans to spend at least $300 million to construct a 13-story luxury hotel and connected 4,000-seat theater on the property after demolition of the existing century-old building.
Five years after Indianapolis-based Kite bought the shopping center, the developer has invested in utilities, signage and infrastructure and is adding eye-catching tenants West Elm, Williams Sonoma and Bluemercury.
Butch Wilmore and Suni Williams have been up there since early June, their planned eight-day mission at the two-month mark and possibly heading toward eight months.
Several new eateries and retailers have either opened or are set to open in Greenwood or in the nearby area, including a pair of Asian restaurants and a Mexican eatery.
A racer’s headquarters that will eventually house a steakhouse and coffee shop is one of several north-side businesses that have opened or are planning to open soon. The list also includes several restaurants, a hardware store and a Nordstrom Rack.
By showcasing artifacts and stories shared by longtime residents of Martindale-Brightwood, the Polklore Micro-Museum is an experiment in what can be gained by preserving a neighborhood’s cultural heritage.
Swiss Miss ’Shmallow, a collaboration between hot cocoa brand Swiss Miss and Hotel Tango Distillery, will be in stores through December. Hotel Tango views the collaboration with the international brand as a “huge opportunity.”
Multiple retailers, restaurants and other businesses and organizations recently opened or began planning new locations in the north suburbs of Indianapolis.
