marsh bought the property and promised that it would build an arthur's market at the location of the popular grocer. but that arthur's market has never come. someone even installed an ugly chain-link fence around the property, but that eventually came down, presumably because of local uproar.
now marsh has finally admitted that it is looking into selling the property. there is a brief blurb about it in the indy star but i would rather discuss a piece from the indiana business journal. i can't actually find the article on the ibj website as it's not very friendly to free browsing. however, user flinchbot has posted it to the off-topic forum at IMN (again, paid membership required to view the thread, so no link):
Tom McGowan, Kite's chief operating officer, told the neighborhood representatives that they plan to put two structures on the property: one for Walgreen's and one for two additional commercial tenants.
According to Jim Garrettson, president of the neighborhood association, McGowan said the property comes with a steep price tag.
While details are unknown, a retail real estate broker, speaking on condition of anonymity, said the sale price is likely around $2 million.
Walgreen's is one of the few tenants that can afford a lease at the site, McGowan told Garrettson.
Garrettson and other members of the neighborhood association are furious. They had hoped for a market similar to the former Atlas, which was locally owned and stocked a wide variety of fresh products.
"Given the fact that we couldn't get the dominatrix to move her house there, I can't think of anything worse than a Walgreen's, with the possible exception of that," Garrettson said, referring to a recent news story about a sex industry worker with a home in the area.
ooh, check out the cheap shot by MKNA'a jim garrettson. he gets in his little dig at miss ann, and the ibj happily obliges him by referring to her as a "sex industry worker". seems like jim has sex on the brain. maybe if he stopped by miss ann's house for a session he would loosen up a bit.
but despite all that, garrettson does have a point that the location is an odd choice for a walgreen's:
He's perplexed that Walgreen's would want to open a store at the location. It already has two locations less than two miles away--at 51st Street and Keystone Avenue and at 38th Street and College Avenue.
One real estate broker, speaking off the record, said Kite should expect a good fight from the neighborhood association.
"[The Meridian Kessler Neighborhood Association] wants things that are unrealistic in terms of development standards," the broker said. "They seem to be contrarian to anything anybody wants to do."
i don't know what to make of the anonymous broker's comments; the broker likely has their own agenda and i might not agree with their actual view at all. but as far as MKNA being "unrealistic" and "contrarian", that does sound like the MKNA i know...¶