Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
Hamilton Town Center multiplex to reopen as luxury theater
Michigan-based Emagine said it expects to reopen the Noblesville theater this summer. The theater’s previous operator filed for bankruptcy last year.Read More
Inside the tussle between two of Indy’s retail icons
The fate of a Steak n Shake that has been a fixture in Nora for more than 40 years may rest on how much slack a local judge will give the Indianapolis-based company. But a court ruling against the company could clear the way for a new Crew Carwash.Read More
Mass Ave on the road back with Bottleworks as anchor
There are about 115 retailers and restaurants along the street, plus dozens of service-oriented businesses and office users.Read More
Bargain outlet opening in former Keystone Marsh store
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.Read More
Indianapolis-based KennMar LLC acquired the former Caribbean Cove water resort property on the city’s north side and another Drury hotel site at Interstate 465 and West 71st Street.
Developer Flaherty & Collins Properties was approved for up to $7.3 million in industrial recovery tax credits for its plans to build 238 apartments, a parking garage and retail space at the site, but the project has seen little progress since 2018.
Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to build a headquarters in Greenwood where it will employ 170 workers.
The family behind Usta Turkish and Mediterranean Restaurant, slated to open in Broad Ripple by the end of the month, scouted several options for moving once it was forced to close its location in Bloomington, Illinois.
The Indianapolis-based GEO Foundation will make one building the new home of its Next Generation High School and lease the other to elementary charter school Indy STEAM.
With the dramatic decrease in available listings, the median price for homes sold in the 16-county area in March rose 8.4%, to $226,500, compared with $208,865 in March 2020.
Ohio-based COhatch is planning to redevelop a 167-year-old former church building in Zionsville known as The Sanctuary, which previously housed the art gallery of late artist Nancy Noel.
The eatery on East 54th Street needed a complete renovation after smoke damage from an electrical fire. Despite the lengthy closure, its entire kitchen staff is rejoining the restaurant for its April 14 reopening.
The work-from-home and online-shopping trends are expected to permanently reshape demand for office and retail space, says Hessam Nadji, CEO of the Calabasas, California-based commercial real estate financing and advisory company.
Accommodating new members whose wants and needs have been changed by the pandemic means those co-working spaces must adjust their offerings.
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Crew recently bought the property that contains the steakburger chain’s location on East 86th Street with plans to build a new carwash. But it contends in a lawsuit that Steak n Shake has refused to leave.
The trustee liquidating the grocery chain this month asked the court to close the case, saying he had wrapped up the process of selling off assets and turning proceeds over to creditors.
The property tax abatement would save Alidade Capital about $505,174 in taxes over a five-year period, and maybe more depending on the type of tenant it lands.
Landlords had been worried not just that tenants wouldn’t be able to stomach rent increases in 2020 but that they might not be able to pay their rents at all as the pandemic wore on. But collections remained strong,
Former homebuilder Paul Estridge Jr. is opening a new seafood-forward restaurant called Monterey Coastal Cuisine next month. Also, three new businesses are slated to open in Carmel City Center this summer.
New York City-based RCS said the agreement Simon Property Group made with Premium Apparel LLC will keep all 235 stores in Simon malls open.