Library hires first architects for $58M in new branches, upgrades
Trustees have selected Indianapolis architectural firms to design the first two of six new branches scheduled to be built between 2016 and 2022.
Real Estate
Articles
Report: Simon attempts to sell holdings in rival Macerich
If true, the move could signal that Indianapolis-based Simon Property Group no longer is interested in acquiring the rival shopping-mall owner.
Rockstone pizzeria opens downtown, with Nora locale coming
The Rockstone is operated by Sahm’s restaurant chain owner Ed Sahm, who is expanding the wood-fired pizza concept beyond downtown and Fishers.
GM plant property goes back on block
A big chunk of the former General Motors stamping plant site near downtown will go back on the market July 1 now that the city’s plans to build a criminal justice center there have fallen through.
Mixed-use Anson gains momentum after slow start
The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
Zionsville project lands Fresh Fare grocery
Developer Steve Pittman spent two years securing a specialty grocery as an anchor tenant after presenting the $90 million mixed-use project dubbed “The Farm” to Zionsville officials.
Indy-area home sales hit 4-percent skid in May
Home transactions in Hamilton County posted the biggest decline. But central Indiana sales for the first five months of the year are still up 9 percent from the same period last year.
Circle Centre promises prompt repairs to Artsgarden leak
A chunk of plaster fell Wednesday afternoon from the iconic walkway onto the intersection of Washington and Illinois streets, due to a water main break.
Pizzology owner eyeing Virginia Avenue for taco eatery
Neal Brown is looking to open the restaurant in Fletcher Place. The area’s renaissance also continues with plans to renovate a building for commercial use a few blocks away.
Crews near finish of time-consuming monument project
Officials expect the scaffolding surrounding the Soldiers and Sailors Monument in downtown Indianapolis will be down in time for the city's Fourth of July celebration.
Roundup: Daredevil opens in Speedway; Penn & Palate downtown
The Daredevil microbrewery provides a lift to the town of Speedway’s revitalization efforts, while Penn & Palate continues the renaissance of East 16th Street.
Land near hot Fishers interchange set for sale after default
A couple of months after the sheriff's sale of the Fishers Banquet and Conference Center, an adjacent property with the same owners also is headed to auction.
Push for privacy standards for facial recognition falters
Retailers have the ability to scan your face digitally, and use that identification to offer you special prices or even recognize you as a prior shoplifter. But should they use it? Should they get your permission first?
Circle Centre reports mixed bag of operating results
Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
Irvington officials seeking developer for high-profile parcel
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
Gap to shut down 175 stores in turnaround bid
About 175 underperforming Gap stores will close in North America as part of a comeback plan for the business, which has posted sales declines for five straight quarters and lagged behind its sister chain Old Navy.
Hudson’s Bay moves closer to IPO after $2.6B acquisition
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Target selling pharmacy, clinic businesses to CVS Health
Target Corp. has agreed to sell its pharmacy and clinic businesses to the drugstore chain CVS Health Corp. for about $1.9 billion in a deal that combines the resources of two retailers seeking to polish their health care reputations.
Monroe County to get first covered bridge in four decades
Indianapolis-based VS Engineering was chosen to repair and rebuild the Cedar Ford Covered Bridge that once spanned the Little Blue River north of Shelbyville.
Opponents of proposed reservoir vow to fight commission
Opponents of a proposed $450 million central Indiana reservoir are vowing to continue their efforts to stop the creation of a commission that would handle planning for the proposed Mounds Lake Reservoir, a 2,100-acre lake stretching seven miles through Madison and Delaware counties.