Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.
A developer wants to build a $20 million office and retail building at the northwest corner of East 86th Street and North Keystone Avenue.
The struggling grocery chain announced the move Thursday morning as it seeks a buyer for all or some of its remaining 44 stores.
The bar and restaurant chain featuring more than 500 brews should open downtown by the end of the year. Meanwhile, Mass Ave Toys is ready to debut its new north-side home.
The supermarket chain told state officials on Monday that it would close 16 stores within the next two months, if it can’t find buyers or business partners. But in fact all of Marsh’s stores will shut their doors if the company comes up empty-handed.
If Marsh’s two downtown stores close, as the struggling grocer has warned could happen within two months, the locations likely would attract interest from rival supermarket operators.
The struggling supermarket chain warned the state Monday that that it is prepared to close the stores—including 11 in the Indianapolis area—within 60 days if it can't find buyer for the company.
The program is believed to the first of its kind in the Midwest, providing graduate-level classes on financial, management and development skills.
The 66-unit development that would encompass an entire block between East Street and Park Avenue in the neighborhood had been sent back to the drawing board several times.
The restaurateur who helped transform the Mass Ave culinary scene plans to branch out with original concepts Rize and Provision this fall in the hotel near Keystone at the Crossing.
A downtown restaurant and bar known for its scantily clad servers has closed, but a new steakhouse and taco joint are getting set to open.
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
State law prohibits grocery stores without pharmacies from selling spirits, prompting Marsh to offer big discounts on its inventory.
The company that bought Interactive Intelligence last year for $1.4 billion has fallen short of the Interactive’s hiring and investment goals and is vacating a new, $12.4 million office building on the northwest side.
The struggling grocery chain told employees Friday morning that it plans to discontinue pharmacy operations and has sold customer prescription files to a national drug store chain.
Plans for another Indianapolis-area location follow a filing from earlier this month that says the Canadian-based coffee and doughnut chain will build on the west side.
Construction on the second phase of CityWay is expected to begin in early June, further transforming downtown by adding 400 more rentals to the already booming apartment market.
Mayor Mark Myers, a second-term Republican, hopes to take a page from the playbooks of Carmel and Fishers, which have drawn more residents downtown by creating a commercial and residential hub.
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
