Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
A local ownership group has filed plans to construct a 250,000-square-foot office building with a 40,000-square-foot grocery store, in addition to a parking garage and smaller office building.
The company bringing the Canadian coffee-and-doughnut chain to central Indiana has revealed the sites of the four other restaurants, besides the one in Avon opening later this month.
The Indianapolis-based mall owner had sued Starbucks, attempting to stop the coffee giant from closing dozens of Teavana locations at its properties.
A Miami-based operator plans to break ground this year on a vegan-friendly eatery and juice purveyor that might seed several other locations in the Indy area.
A sturdy office sector, hot industrial demand and some steamy retail categories are expected to boost Indy’s commercial real estate market in 2018.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
A Marion Superior Court judge has granted the Indianapolis-based mall giant’s request for a temporary injunction, at least for now preventing Starbucks from closing 77 Teavana stores in its properties nationwide.
Big downtown real estate projects are expected to add that much room to the retail inventory, and advocacy group Downtown Indy is jumping in to help drum up interest.
The project, which could include nearly 1 million square feet of higher-end retail, would be developed by locally based Gershman Partners.
The new owner of a landmark south-side eatery is renovating and dividing the 40,000-square-foot space to land retail and commercial tenants.
The university will help convert the former Shelby Bowl building into a Books & Brews taproom as part of the school’s efforts to attract more development to the area surrounding the south-side campus.
The developer of the massive $260 million project is planning for space to host a broad mix of vendors, ranging from seafood purveyors and fruit-and-vegetable stands to restaurants of various sizes.
The Indianapolis-based real estate giant called the investigation "meritless" but nonetheless agreed to modify leases at a popular outlet mall near Manhattan that restricted tenants from opening a second location within 60 miles.
The Hogsett administration plans to use federal grant funding to stimulate the development of one or more grocery stores and help eliminate food deserts.
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.