Lessons unlearned, a correction is ahead
The problems that led to the real estate and financial meltdown have not been fixed, and we are less than a generation away from repeating the mistakes.
Real Estate
Articles
Stadium Lofts apartment project nears opening day
The unusual nature of the redevelopment and its location are driving strong leasing activity.
Kite buys Castleton Crossing center for $39M
The retail center, off East 82nd Street, near Interstate 465 and Allisonville Road, is fully leased and is anchored by HomeGoods, Burlington Coat Factory and Shoe Carnival.
Long-awaited Meijer store finally may get built
A state filing shows Meijer may be ready to begin constructing a store within Duke Realty Corp.’s Anson development near Whitestown.
More franchisees join revolt over Steak n Shake menu pricing
Three franchise owners filed suit last month against Steak n Shake, including two on the same day, challenging the company’s policy that they say prohibits them from setting their own menu prices.
Developers suspend most Rockport gas plant work
Indiana Gasification project manager Mark Lubbers told the Evansville Courier & Press that neither the General Assembly nor Gov. Mike Pence support the project.
Another breakfast concept coming to Indianapolis area
The Egg & I joins national chains such as Another Broken Egg and First Watch that have found the Indianapolis area to be an attractive breakfast market.
What’s the right business mix for downtown Zionsville?
Keeping its quaint Main Street viable as Zionsville ramps up commercial development elsewhere will require finding just the right mix of retail and service businesses to draw—and keep—customers downtown.
Downtown’s historic Century Building set for sheriff’s sale
The 112-year-old office building will return to the market in a precarious position, as a major tenant plans to depart.
Simon Property profit climbs as demand for space in malls climbs
Retailer push for more space also prompted the Indianapolis-based real estate investment trust to raise its profit forecast.
More demand for mall space boosts Simon earnings
The Indianapolis-based owner of retail centers raised its expectations for the fiscal year after reporting solid gains in occupancy, rent revenue and earnings for the first quarter.
Zionsville’s Main Street aims to boost drawing power, charm
Zionsville’s new economic development plan calls for ramping up commercial activity in the predominantly residential community—just not at the expense of the mom-and-pop shops that give the Boone County town its charm.
Ownership snarl resolved, Illinois Building on block
An affiliate of locally based HDG Mansur has owned the 10-story building at Illinois and Market streets since the 1980s. It’s sat empty for 10 years, thanks in large part to separate ownership of the building and the land—an arrangement once common among downtown buildings.
2 local sites make annual ‘Most Endangered’ list
New to this year’s lineup, announced Thursday morning by Indiana Landmarks, are the Flanner House Homes Historic District and Phillips Temple. Several homes in the district, in addition to the temple, are in danger of being demolished.
Duke Realty posts profit on sale of properties
The Indianapolis-based real estate investment trust rang up earnings of $28 million, mostly due to gains from the sale of 18 properties.
Speedway’s Speed Zone redevelopment project in high gear
Some goals have been realized, while others are moving through the pipeline.
New lights only the beginning for Brickyard changes
Everything is on the table for consideration, says new Hulman & Co. CEO Mark Miles.
Mass Ave business owners split over proposed district tax
Opponents of a proposed tax to pay for improvements throughout the cultural district have accused tax advocates of rigging the proposal to ensure its passage.
Roundup: Two new offerings coming to Castleton mall
Castleton Square Mall is set to welcome a couple of new entries to its food court lineup, including a restaurant that made its Indianapolis debut just last year. Also, the yogurt craze continues.