Fishers council OKs plans for Topgolf, Ikea developments
The Fishers City Council on Tuesday unanimously approved plans that pave the way for multimillion-dollar developments in the city by Topgolf International Inc. and Ikea.
Commercial Real Estate
Articles
Lawmaker proposes reforms in how big-box stores are assessed
Indiana lawmakers are making another attempt to settle a dispute between county assessors and retail stores over how to determine the value of newer big-box stores.
Developer plans $30M urban-style apartment project in Plainfield
Cityscape Residential hopes to break ground in the spring on the 306-unit development, which would be within walking distance of the Shops at Perry Crossing.
Topgolf entertainment venue to open on 116th Street in Fishers
The three-level, 65,000-square-foot location—the company’s first in Indiana—would offer competitive golfing games in addition to food, alcohol and other entertainment options.
Court decision paves way for Enzo Pizza vs. City Market trial
A Marion Superior Court judge declined to dismiss Enzo’s lawsuit against its former landlord. The pizzeria claimed it was unfairly ousted from its longtime location in the market’s east wing.
Financial services firm plans $33M HQ, 600 jobs in Carmel
Allied Solutions LLC, a Carmel-based firm that serves the financial sector, is planning construction of a five-story building in the Midtown area, more than doubling the size of its existing headquarters.
Restaurateur plans condos behind new eatery on New York Street
Mike Cunningham and business partner Patrick Heitz have received approval to build two upscale condos in one structure at the rear of the Vida restaurant, set to open early next month.
UPDATE: Finish Line to close 150 stores, change CEO
The Finish Line Inc. said it will close 150 stores over the next four years and replace its CEO early next year after losing $32 million in sales in its latest quarter due to supply-chain problems.
Tom Wood Lexus hitches wagon to expansion trend
The project would add a second floor to the building on East 96th Street, increase the size of the service department and create a mezzanine for a “state-of-the-art” car wash.
Historic property on city’s southeast side on the market
The owner of a multi-building campus spread over 15 acres on the southeast side is accepting offers on the site that once served as an asylum and more recently housed low-income elderly residents.
Landlords face slowing price gains after U.S. records shattered
The Federal Reserve’s first interest-rate increase in nine years has removed a crutch that’s helped sustain 33 consecutive months of price growth of at least 10 percent.
Credit union plans to acquire former Meridian Music property
Indiana Members Credit Union is hoping to open a branch in the 18,000-square-foot, two-story brick building on Old Meridian Street in Carmel.
Local McAlister’s franchisee sells 19 restaurants
McIndy Ventures LLC, which opened its first McAlister’s in 2002 in Indianapolis, has sold its portfolio of eateries across Indiana to Tennessee-based Southern Rock Restaurants LLC.
Hyatt Regency’s lobby, eateries to get $1.3M makeover
The new owners of the Hyatt Regency Indianapolis decided its lower levels needed an overhaul and sharpened culinary focus.
Northwest-side retail center acquired for $6.5 million
Pyramid Place Shops is home to Georgia Reese’s Southern Table & Bar, Einstein Bros. Bagels, Noodles & Co., Qdoba, and Firehouse Subs.
Simon partner to buy Oslo shopping center for $578M
The Oslo City shopping mall in the Norwegian capital of Oslo has about 355,000 square feet of retail space and 366,000 square feet of offices.
Circle Centre losing three tenants, including two originals
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.
Downtown Dunaway’s restaurant building attracts buyer
A local company bought the historic building at 351 S. East St., near the entrance of the Fletcher Place neighborhood, and plans to convert it into office space.
Gershman family taking on ambitious, high-profile real estate projects
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Downtown condo association again files suit for building damage
Residents of the Hudson condominium complex are suing the owner after the latest round of problems caused $6 million in damage to the structure.