Indianapolis-area brokers are bullish on the future of the local retail sector as occupancy rates grow in the aftermath of the pandemic and demand for space outstrips supply in some suburbs.
Former Marsh store in Anderson being readied for Needler’s, Ace Hardware
Speedway-based development firm KennMar plans to invest up to $1.5 million in the project on the west side of Anderson.Read More
Long an east-side question mark, Irvington Plaza now has a buyer with plans for redevelopment
A firm owned by a former IU football player is in the early stages of revamping the deteriorating shopping plaza that once served as Irvington’s main retail hub.Read More
Liquor store ownership group builds 60-store business of varied brands
Indiana Liquor Group has been acquiring stores in small cities and towns since 2019 and typically leaves the business names unchanged.Read More
Wawa store planned at Noblesville’s Midland Pointe development
The $72 million Midland Pointe development is planned on 34 acres at the southeast corner of State Road 32 and Hazel Dell Parkway.Read More
The convenience store chain said plans to invest $420 million to add 60 stores throughout the Hoosier State over the next eight to 10 years, with the first round of stores primarily in central Indiana.
The retail giant plans to build a grocery store and gas station near the northeast corner of the intersection of State Road 32 and Little Chicago Road.
The Hy-Vee grocery chain, which already announced plans to build a supermarket in Zionsville, also is planning a store in Fishers, the grocer confirmed Tuesday.
Owner Fabio de la Cruz said said the investment is only the start of what’s expected to be at least a $200 million project through his firm Sojos Capital LLC.
President and COO Tom McGowan is at the forefront of major shifts for the local real estate firm, which has significant projects on tap in central Indiana.
Sojos Capital said it has already begun multiple upgrades to the property, including replacing the roof, changing HVAC units, interior and exterior painting, and additional security enhancements.
Local developer Keystone Corp. has drafted new plans for its long-simmering Alexander at the Crossing mixed-use project that includes 275 apartment units, plus retail and office space and a hotel. Some nearby residents are opposed to the project for its size and density, as well as for further commercializing 86th Street.
The ownership group plans to begin conversations with potential developers in the near future, after receiving suggestions from four design groups for remaking the massive property as a mixed-use district.
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
The long-running footwear store will own space below the residential condominiums at the Old Meridian Street location and lease some of it to other retailers.
The new building will become the doughnut company’s first Indianapolis store since closing other locations more than a decade ago.
The buyer, who is based in Houston, has had multiple restaurants in downtown Indianapolis, including a Mo’s, A Place for Steaks, along with Nook and most recently Pomodoro.
Nail salon planned for 123-year-old Bates-Hendricks building as business picks up in resurgent neighborhood
City Nail Bar could open on South East Street, where recent commercial launches include an ice cream shop, a chiropractic office, a makeup and skincare salon and a massage therapy studio.
Indianapolis-based developer Midland Atlantic Properties recently acquired a high-profile piece of property in a bustling retail corridor for the project, to be dubbed The Greenfield Market.
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.
Indiana University Health plans to turn its massive, expanded campus near Methodist Hospital into a destination site and service area for the neighborhood.
The outpost near the heart of Fountain Square’s business district would be the second-largest of 19 stores in the chain. Two local groups have opposed it, and its hearing for a state liquor permit is set for next month.
Total Wine & More, a Maryland-based chain of liquor superstores, opened its first Indianapolis location late last year in Nora after winning a high-profile court battle.