Merger gives Kite Realty Group Trust post-pandemic strength
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.
Retail Development
Developer plans three-month closure to speed redevelopment of Lafayette Square Mall
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.
Keystone seeking zoning OK for redesigned Alexander project across from Ironworks on 86th Street
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.
Circle Centre owners take first steps in recasting downtown mall
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.
Circle Centre owners commit to ‘transformative’ mall revamp
What’s next for the two city blocks that are now Circle Centre mall could start coming into focus over the next year.
Stout’s Shoes plans Carmel comeback in The Signature development
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.
Krispy Kreme making brick-and-mortar return to Indy in March
The new building will become the doughnut company’s first Indianapolis store since closing other locations more than a decade ago.
Fishers shopping center sold for $7.5M to out-of-state firm
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.
Greenfield retail project by I-70 lands trifecta of Chick-fil-A, Chipotle, Panera
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.
Rise’n Roll bakery to open downtown store next week
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Pyramid Place shopping center changes hands for $10.6M
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.
Grocery store, other retail likely to come to IU Health’s expanded Methodist Hospital campus
Indiana University Health plans to turn its massive, expanded campus near Methodist Hospital into a destination site and service area for the neighborhood.
Crown Liquors eyeing Fountain Square for large, high-end store
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 planning second Indianapolis store
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.
Garage Food Hall adds to tenant roster, plans room for more
The Garage Food Hall, part of the $300 million Bottleworks development on Mass Ave, has 17 tenants, with two more opening next month. The hall expects to create even more tenant space once pandemic restrictions end.
Bargain outlet opening in former Keystone Marsh store
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
Naptown Fitness team plans to buy, renovate classic 1930s building in Midtown
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Chicken salad restaurant chain roosting in Indy area with three locations
Founded in 2008, the Alabama-based fast-casual chain has grown to 181 franchised and company-owned locations in 17 states.
Chicago-style pizza chain Lou Malnati’s confirms 86th Street location
The 86th Street location, the chain’s second Indianapolis-area store, is set to open this spring. Lou Malnati’s confirmed the location last year but until now had not specified when it planned to open.