Well under way after years of revisions and delays, Chatham Park is expected to include up to 55 condominiums, seven single-family homes, four duplexes and 2,200 square feet of retail space.
Heath Fear has guided the company to surer financial footing, largely by orchestrating the sell-off of two-dozen less properties to free up cash for future investments.
In 1895, George P. Stewart and Will Porter launched a two-page church bulletin that they then turned into a weekly newspaper covering the African American community in Indianapolis.
David Simon and Bobby Taubman are battling now in court over whether Simon Property Group is obligated to complete the $3.6 billion purchase of Michigan-based Taubman Centers that it announced in February.
The suit, filed Wednesday in Marion County Superior Court, says the retailer failed to pay rent for April, May and June while closed during the pandemic.
A developer is reworking his plans for an apartment building on Carmel’s Main Street to align the proposed $17 million project with future needs of residents and increase its chances of getting city approval.
Permit filings had been on the rise in nine of the last 10 months before pandemic-related issues finally took a toll on numbers last month.
The owner, who has operated toy stores for more than 40 years, said she closed the shop so she could retire.
May’s sales decline in the 16-county central Indiana area came on top of a 16.8% year-over-year decrease in April.
The Carmel Plan Commission voted 5-4 Monday to give a proposed residential real estate project an unfavorable recommendation after hundreds of residents expressed concern over the addition of commercial development to the plan.
City planning staffers are opposed to the proposal for Tremont Town Center in its current form, but the 1.2 million-square-foot development with residential, retail and office space has support from key community figures.
Sales at non-store retailers, which include internet companies like Amazon and eBay, rose 9% in May after posting growth of 9.5% in April.
Authentic and Simon Property Group also are in discussions with Brooks Brothers Inc. on a joint bid that would be part of a potential bankruptcy filing by that clothing retailer.
The program was established last month to help restaurants and other businesses expand or add outdoor seating options as the city reopened following COVID-19 stay-at-home orders.
Automakers essentially halted production for eight weeks—from mid-March through mid-May—as the pandemic wreaked havoc on supply chains and sparked concern for autoworker safety.
IndyGo is investigating whether to purchase the former Harrison College site for millions of dollars to use as additional space—but some board members are not convinced doing so is a good idea.
With students expected to return to most Indiana college campuses this fall, housing management firms are anticipating a boost to their bottom lines and a renewed interest in off-campus living.
Retail landlords received quite a jolt when they discovered that some of the most lustrous names in retail want pandemic-related rent concessions like those being offered to struggling tenants.
Carmel outdoor shopping center Clay Terrace has two sizable restaurant spaces to fill after the closures of Mitchell’s Fish Market and Biaggi’s Ristorante Italiano.
Signaling a legal brawl lies ahead, Taubman said Simon “continues to be bound to the transaction in all respects.”
