Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Kite Realty Group Trust    KRG

KITE REALTY GROUP TRUST (KRG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets
OFFRE

Kite Realty Trust : Theater, bowling center nixed

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/13/2018 | 06:26pm CEST

In 2016, Kite Realty Group proposed an entertainment complex featuring a movie theater and bowling center east of U.S. 31 between W. Carmel Drive and Old Meridian Street in Carmel. Called CineBowl & Grill, the 50,400-squarefoot building was proposed in the former Office Depot space.

Those plans have now been nixed by the realty group.

The plan was to tear down the Hamilton Crossing Center and replace it with a new shopping center. CineBowl would include 16 bowling lanes, 10 movie theater screens, a video game arcade and a restaurant with indoor and outdoor dining. Frank Theaters would have operated the business.

Frank Entertainment announced it is no longer pursuing the project. Kite Realty did not return calls for comment. For more than two years, Current has sought an update on the development but Kite officials have been unwilling to talk.

Kite still owns Hamilton Crossing, and many of its tenants are still in the space, including Chase Bank, Max & Erma's and Moe's Southwest Grill, among others.

Meanwhile, Kite has seen substantial progress on its proposed mixed-use development on the southwest corner of 116th Street and Range Line Road.

Kite has worked to transform the strip mall since 2012. Designs were revealed in 2016 with a new name, specifics on units and a strategy to "de-lease" the shopping center. At the end of 2017, demolition began on the shopping center.

Henry Mestetsky, director of the Carmel Redevelopment Commission, expressed enthusiam for the project.

"We expect this to be the front door of our urban core, and it's going to be great," he said.

© Copyright © 2018 Current in Carmel, All rights reserved., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KITE REALTY GROUP TRUST
09/24KITE REALTY GROUP TRUST : Regulation FD Disclosure, Financial Statements and Exh..
AQ
08/30Kite Realty Group Trust Announces Quarterly Common Dividend
GL
08/17KITE REALTY GROUP TRUST : Regulation FD Disclosure (form 8-K)
AQ
08/02KITE REALTY GROUP TRUST : to Host Earnings Call
AC
08/02KITE REALTY GROUP : 2Q Earnings Snapshot
AQ
08/01KITE REALTY GROUP TRUST : Results of Operations and Financial Condition, Financi..
AQ
08/01Kite Realty Group Trust Reports Second Quarter 2018 Operating Results
GL
07/27KITE REALTY GROUP TRUST : half-yearly earnings release
07/24Kite Realty Group Trust Announces Opening of Bluemercury at Rampart Commons
GL
07/13Free Daily Technical Summary Reports on Kimco Realty and Three Other REIT – R..
AC
More news
News from SeekingAlpha
09/18Hey Diddle Diddle, It's Time To Buy Urstadt Biddle 
09/0810 Dividend Growth Stocks For September 2018 
09/06MONTHLY REVIEW OF DIVGRO : August 2018 
08/30Kite Realty declares $0.3175 dividend 
08/29DIVGRO PULSE : August 2018 
Financials ($)
Sales 2018 354 M
EBIT 2018 40,9 M
Net income 2018 -10,8 M
Debt 2018 -
Yield 2018 7,75%
P/E ratio 2018 -
P/E ratio 2019 68,46
Capi. / Sales 2018 3,88x
Capi. / Sales 2019 3,88x
Capitalization 1 375 M
Chart KITE REALTY GROUP TRUST
Duration : Period :
Kite Realty Group Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KITE REALTY GROUP TRUST
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 18,8 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
John A. Kite Chairman & Chief Executive Officer
Thomas K. McGowan President & Chief Operating Officer
Colin Joynt Senior Vice President-Information Technology
William E. Bindley Lead Independent Trustee
Victor J. Coleman Independent Trustee
Sector and Competitors
1st jan.Capitalization (M$)
KITE REALTY GROUP TRUST-14.74%1 375
SIMON PROPERTY GROUP3.06%54 728
UNIBAIL-RODAMCO-WESTFIELD0.00%28 320
SCENTRE GROUP-4.53%15 452
REGENCY CENTERS CORPORATION-7.04%10 896
MACERICH COMPANY-13.32%7 818