A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
Pittsburgh-based Giant Eagle wants to build a 125,000-square-foot store at The Bridges development on 116th Street between Illinois Street and Springmill Road as the first of at least six stores in the market, local real estate brokers said. The chain’s arrival would make it the first mainline grocer to enter the market in several years and would crowd an already competitive local grocery segment.
“The brokers that have been working with [Giant Eagle] have been looking at sites,” said Frank Swiss, principal of local Swissco Real Estate. “I’m sure they would have proceeded earlier, but we’re just coming out of this [economic] tsunami.”
To read the rest of the story, please go to: Indianapolis Business Journal
