One Sun hotel project hits snag while two others prepare to get under way
Sun Development & Management Corp. has three downtown hotel projects in its pipeline but says one needs $3 million to $4 million in city assistance to go forward.
Scott Olson
Articles
Neighbors turning to courts to challenge big apartment, condo projects
Residents living near proposed sites in Indianapolis have sought help from courts on three separate occasions since December, but a judge rejected their pleas in the two cases that have been decided.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Right to use HHGregg’s name and other intellectual property fetches just $400,000
A small, little-known company purchased at auction the company’s intellectual property rights, besting a bid by a large retailer with a household name.
Fieldhouse snags deli chain for former Dunkin Donuts space downtown
A spokeswoman for the Texas-based chain says a franchisee is set to open later this year in Bankers Life Fieldhouse.
Milhaus victorious in fight to develop $23M Meridian-Kessler apartment project
A judge has ruled in favor of the local developer, which had faced a challenge from nearby residents over the height and location of the complex.
Revamped Market Tower set to hit sale block
The owner of Market Tower is shopping the downtown skyscraper after spending millions on upgrades to increase occupancy and make it more appealing to younger companies.
Proposed canal park still in play despite funding issues
Supporters announced plans for a downtown park along the Central Canal in late 2014. Forced to regroup, they’re now about halfway to their fundraising goal.
Mansion formerly owned by fraudster Durham on market for $3.5M
The 14,480-square-foot home was once a party pad for the infamous financier. The Fishers couple who bought it in 2015 is now selling after making several improvements.
British retailer boosts Finish Line stake to nearly 20 percent
Sports Direct International now controls nearly 8 million Finish Line shares worth about $107 million, raising speculation about a possible takeover of the Indianapolis-based retailer.
St. Clair Place neighborhood aims to mix it up
Most of the homes not-for-profit NEAR develops in the area are priced below market and sold to lower-income buyers. But it has constructed a handful of houses aimed at market-rate buyers, demonstrating the faith it and other builders have in the neighborhood.
$10M proposal adds to Broad Ripple apartment boom
The project, from local developer Zinkan & Barker Development Co., would feature up to 35 apartments and 7,000 square feet of ground-floor retail on the one-acre property now home to a billboard and small retail building on the east end of Broad Ripple Avenue.
Aldi spending $30M to revamp 22 area grocery stores
Aldi is doubling the amount of space it devotes to fresh produce; carrying fresh fish to complement its beef, steak and chicken offerings; expanding its wine selection and adding more shelves in its frozen food section.
Going-out-of-business sales start Thursday at 18 Marsh stores
Sales to liquidate inventory at the 18 stores that weren’t sold at auction to other grocers this week could last until early July, said a Marsh spokesman.
CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
Two Ohio grocers agree to buy 26 Marsh stores for $24M
A bankruptcy court filing Tuesday afternoon says an affiliate of Kroger plans to buy 11 stores for $16 million and an affiliate of Fresh Encounter plans to buy 15 stores for $8 million.
Former Double 8 warehouse offering co-working space for tradespeople
Refinery 46 is targeting plumbers, electricians and other contractors in a twist on the growing trend of shared work spaces.
Vacant Butler-Tarkington firehouse poised for reuse as restaurant, bar
A review committee has recommended the plan to city officials over a proposal submitted by the owner of the liquor store next door.
UPDATE: Marsh reports ‘numerous bidders’ for remaining stores
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.