Developer ready to start northeast-side grocery project
The redevelopment of a nearly vacant shopping center at 56th Street and Emerson Avenue will include a Wal-Mart Neighborhood Market and 15,000 square feet of small-shop retail space.
Real Estate
Articles
Westfield center brings nearly $3.6M
Marcus & Millichap listed the property at 701 E. Main St., which brought nearly $3.6 million, or 95 percent of the asking price.
Biglari’s Steak n Shake licensing deal stirs up critics
Under the 20-year deal, Sardar Biglari won’t receive royalties if he remains atop the company. But if he were forced out of for anything but malfeasance, or if it were sold, he’d receive 2.5 percent of sales for five years—a sum that could surpass $100 million.
New concert venue proposed for GM plant site
A concert venue rivaling the size of Klipsch Music Center in Noblesville has emerged as the favorite in a bid to redevelop the former General Motors metal-stamping plant on the western edge of downtown.
Giant Eagle store coming to The Bridges in Carmel
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
New owners plan changes at Metropolis mall
A joint venture involving a Memphis-based developer has purchased the shopping center in Plainfield and plans to invest millions to update the troubled property. A name change also is a possibility.
Tougher penalties sought for drug ‘look-a-likes’
The intent of Senate Bill 305 is to deter retailers and dealers from selling “look-a-like” drugs that are potentially more dangerous than the drugs they mimic.
Downtown’s Six East almost complete, as owners seek office tenant
Construction of the building at 6 E. Washington St. downtown is expected to wrap up by the end of the month. It features office space on the upper level with retail space below that will be occupied by Chipotle.
Soup shop opens on Circle, Hearthstone closes in Fishers
Soupremacy on East Market Street is the brainchild of the franchisee of the local Potbelly restaurant located just around the corner. Plus, new locations for Bub’s Burgers, Sunrise Cafe, Tuscanos Brazilian Grill, and more.
Design of new downtown fire station to get first review
Construction of the new fire station on East 10th Street would help clear the way for a $43 million apartment and retail project on Massachusetts Avenue where the Indianapolis Fire Department’s headquarters now stands.
Lilly Endowment awards $6.3M to Indy housing group
The Indianapolis Neighborhood Housing Partnership will use the funds to help qualified residents purchase homes and revitalize their neighborhoods.
Postal Service, union wrangle over Staples outlets
The new outlets are staffed by Staples employees, not postal workers, and labor officials say that move replaces good-paying union jobs with low-wage, nonunion workers.
County to rebuild fair grandstand two years after arson
Shelby County commissioners have awarded a $2.3 million contract for construction of the new grandstand to Zionsville-based RL Turner Corp.
Foes of $25M Broad Ripple project go to court
The local group wants a judge to overturn the city’s decision to grant zoning variances for the apartment-and-retail project. In the meantime, developer Browning Investments is moving forward with its plans.
Developer donates 50 acres near airport for preservation
Holladay Properties says it's donating the land valued at about $4.3 million to the Central Indiana Land Trust.
GOP bill would spend $400M on highway projects
The bill would give the State Budget Committee the authority to transfer $400 million from the Major Moves Trust Fund to the state’s main highway fund.
New grocer’s arrival adds to questions about Marsh
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
Carmel upstart fights nursing home moratorium
Nursing home companies went on a building spree in Indiana, and now most of them want the Legislature’s help reining in high operating costs brought by over-capacity.
After 9-year hiatus, Caplinger family opens new fish market
Veteran seafood operators Nick and Andrew Caplinger opened a shop in December at East 75th Street and Shadeland Avenue that boasts a wide variety of fresh fish.
Recovery program receives large housing donation
Van Rooy Properties donated a two-building apartment complex on the city’s east side that will enable Progress House to expand the number of beds it provides to recovering alcoholics and drug addicts.