Kite Realty eyes sale of Glendale Town Center
Indianapolis-based Kite Realty Group has owned Glendale Town Center since it acquired the shopping center then known as Glendale Mall for $20 million in 1999.
Read MoreIndianapolis-based Kite Realty Group has owned Glendale Town Center since it acquired the shopping center then known as Glendale Mall for $20 million in 1999.
Read MoreThe 8-acre development at Glendale Town Center would consist of 193 apartments in four buildings and 48 townhouses in eight buildings.
Read MoreDemolition already has begun on the 56-year-old office structure, which was purchased out of foreclosure for $1.59 million. The developer envisions restaurant, retail and medical office tenants that will vibe with continued redevelopment along the Keystone corridor.
The owner of Glendale Town Center plans to market three new outlots as part of an ongoing renovation to the property that includes the addition of new tenants to backfill the former Macy’s space.
Retailer Old Navy will make a comeback at Glendale Town Center after a 15-year absence from the shopping center.
Founded in 2008, the Alabama-based fast-casual chain has grown to 181 franchised and company-owned locations in 17 states.
The building, which formerly served as the post exchange for soldiers stationed at Fort Benjamin Harrison, was offered for sale by the Fort Harrison Reuse Authority this week. Also this week: Tru by Hilton, Culver’s and more.
Two growing national retail brands have filed permits with the state for construction on spaces at the shopping center at North Keystone Avenue and 62nd Street.
The Indianapolis Public Library plans to acquire land from the Washington Township school district as part of a years-long effort to build a new Glendale-area branch to replace the one in Glendale Town Center.
Hinata, which opened July 31, promises to offer diners authentic Japanese cuisine. Also this week, Tina’s Traditional Tearoom, Colts Pro Shop, The Warehouse Sale.
A proposal to issue economic development tax increment revenue bonds for Kite is slated to be voted on by the City-County Council’s Metropolitan and Economic Development Committee on Monday.
The city’s Metropolitan Development Commission on Wednesday gave Kite Realty Group the necessary approvals it needs to proceed with its plan build a 267-unit apartment complex adjacent to Glendale Town Center.
The two local developers said they hope to start work on a 267-unit apartment project in Glendale Town Center’s parking lot by the end of this year.
Macy’s plans to close its store at Glendale Town Center, leaving the 60-year-old Indianapolis shopping center without its largest and oldest anchor.
A fresh round of sales declines at Macy’s Inc. and Kohl’s Corp., though less severe than Wall Street had feared, is renewing concerns that the department-store industry can’t pull out of a years-long slump.
Macy’s on Wednesday announced plans to close 68 of its department stores and eliminate 10,000 jobs. Sears Holdings, meanwhile, is closing 108 Kmart stores and 42 Sears department stores.
Retail developers always have been an audacious breed. They spend millions to build shopping centers, confident that tenants will flock to fill the slots they didn’t prelease. To charge ahead these days takes more than the usual dose of intestinal fortitude. Everyone is nervous — from shoppers to lenders to retailers, many of which have […]
Kite Realty Group is in final negotiations to bring Target to Glendale Mall as part of a wholesale redevelopment that could transform one of the city’s first enclosed malls into an open-air shopping center.