Up to $250M investment planned for former Angie’s List site
Preliminary plans call for the construction of new office structures, multifamily properties, retail space and parking garages to fill in most of the site, now known as Elevator Hill.
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Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
A 33-year-old Simon becomes force inside family company
Eli Simon, whose grandfather and great-uncles founded Simon Property Group more than a half-century ago, is quietly emerging as a key executive in the retail real estate empire.
Real Estate Weekly: News notes, 05/11/21
These news notes appeared in IBJ’s Real Estate Weekly on May 11, 2021.
Punch Bowl Social to reopen downtown location next week
The 23,000-square-foot restaurant-and-entertainment venue, part of a Denver-based chain, has been closed since March 2020, eliminating 91 jobs.
Bates-Hendricks seeing flurry of commercial development
The neighborhood just south of downtown has been one of the city’s emerging residential hot spots the past several years—and commercial developers are taking notice.
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.
Real Estate Weekly: News notes, 05/04/21
These news notes appeared in IBJ’s Real Estate Weekly on May 4, 2021.
Simon no longer managing day-to-day operations at downtown’s Circle Centre mall
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.
Real Estate Weekly: News notes, 04/27/21
These news notes appeared in IBJ’s Real Estate Weekly on April 27, 2021.real estate
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.
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.
Local developer plans $50M in projects for two former Drury-owned hotel sites
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.
Proposed $48M apartment project advancing slowly at former Noblesville granary site
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.
Real Estate Weekly: News notes, 04/20/21
These news notes appeared in IBJ’s Real Estate Weekly on April 20, 2021.
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.
Indy electrical contractor planning to move 150 jobs to new $18M Greenwood HQ
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.
Real Estate Weekly: News notes, 04/13/21
These news notes appeared in IBJ’s Real Estate Weekly on April 13, 2021.
Family-owned Turkish, Mediterranean eatery identifies Indy as best place to grow
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.
Charter school buys former Tindley buildings on east side for $5M
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.