In a recent presentation to investors, the Indianapolis-based real estate investment trust listed plans to add a movie theater to the Carmel shopping center.
Tailored Brands Inc., which owns a dozen men’s clothing stores in the Indianapolis area, announced the cost-cutting plan after sales slid during the holidays.
The Barking Dog cafe in the Meridian-Kessler neighborhood shut its doors following a lease dispute with the landlords, and Nada arrives downtown with a design that will “blow away” visitors.
The Broken Beaker micro-distillery is set to open in mid-January on Mass Ave, while Mimi Blue Meatballs is expanding from its lone location, on the Avenue, into Hamilton County.
Gap and Gap Kids, which opened along with Circle Centre in 1995, plan to close Jan. 26. Also on the third floor, the American Greetings card shop is shutting down at the end of next month.
The new Tom Wood Audi debuts on the northeast side, while Tesla plans to open in Castleton and Andy Mohr steers toward a Volkswagen dealership in Avon.
Every little bit helps, but a larger-scale investment is needed to redevelop parts of the mall and reposition the overall property for long-term success.
Simon Property Group Inc. is proposing an estimated $20 million in improvements to Circle Centre mall, which spurred a downtown renaissance when it opened 20 years ago this month but now is showing signs of struggle.
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.
A Mexican eatery replaces Taverna on Broad Ripple Avenue, while a bar chain takes the Bravo space at Greenwood Park Mall. Also, Discount Tire is building where Chinese Ruby once stood.
The company missed out on a rare opportunity that would have brought dozens of high-end malls into the fold, but it still has solid growth opportunities without the $23.2 billion deal, analysts say.
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.
Despite an auction of inventory to satisfy a debt, Aronstam Fine Jewelers is in no danger of closing, the store’s owner says, thanks to the help of outside investors.
