City dodges bullet as HQ stays under Anthem-Cigna deal
The company says its corporate headquarters will remain in Indianapolis, where its operations are responsible for contributing millions of dollars in corporate taxes and charitable giving.
Scott Olson
Articles
Land bank successor aims for openness
A startup not-for-profit has begun returning vacant and tax-delinquent properties to the city’s tax rolls, stepping into a void left by the disgraced Indy Land Bank.
Double 8 closes four remaining grocery stores
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.
Giant Eagle drops plans to demolish historic Cumberland church
After a drawn-out battle with the town of Cumberland, Giant Eagle said that it won’t pursue plans to demolish the St. John United Church of Christ to build a gas station and convenience store on the property.
Former HHGregg manager wins class-action suit over bonuses
The complaint charged the Indianapolis-based retailer failed to factor a $40 million life insurance payout into the calculation for employee bonuses. The ruling potentially could lead to millions of dollars in damages.
Apartments proposed for site next to Madame Walker Theatre
The city is set to consider a proposal to build 30 apartments on a surface lot by the historic theater and to restore an existing, century-old structure.
Indianapolis-area office market showing signs of a rebound
Stronger absorption in the metro area is pushing vacancy down and rental rates up, mid-year office reports show, even though downtown’s vacancy rate remains above 20 percent.
Ambitious development plans start to take root near Lucas Oil Stadium
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
Openings: B Spot Burger, Repeal, Scotty’s latest creation
Ironworks at Keystone will boast a new-to-Indy burger joint this month, as a tea shop pours into the nearby Fashion Mall. In Fletcher Place, the new restaurant Repeal harkens back to 1933.
Vacant IPS buildings draw bids from developers
Five of the six buildings that Indianapolis Public Schools put on the block last month have attracted offers, with bidders appearing to lean toward renovating several as apartments.
South Bend real estate firm launches local office
Bradley Co. has entered the market by bringing on board David Reed, who launched another firm’s office in Indianapolis before it became part of a large multi-brokerage acquisition.
Indy’s director of development leaving for IU gig
Adam Thies will leave the position he’s held since 2012 to join the university as its assistant vice president for capital planning and facilities. Thies starts his new job Aug. 17.
Inventory from 20 closed Hallmark stores to be sold at auction
The stores were owned by a single franchisee under The Wooden Key name and closed between early May and late June. The sale will be conducted July 23 by Key Auctioneers.
$17M Marriott hotel in works near Lucas Oil Stadium
An Illinois-based developer has received the first approval necessary to build a 140-room extended-stay hotel downtown, as Indy’s lodging market continues to swell.
City’s callout for theater savior gets chilly reception
The city’s attempt to find a partner to manage and redevelop downtown’s historic Indiana Theatre building attracted just one proposal.
Barrage of lawyer defections hits Krieg
The aggressive growth of an upstart law office is adding to the exodus at one of the city’s larger and more established firms.
Rendering offers vision for vacant Irvington lot
The vacant lot along East Washington Street that Irvington officials are marketing for redevelopment has yet to attract any offers. But an architect’s rendering is giving residents an idea of what could be built there.
Upstart restaurateur opening Public House in SoBro
Indianapolis native Brian Baker plans to start serving patrons late this fall from his South American-themed Open Society Public House on College Avenue, catty-corner to Greg Hardesty’s celebrated Recess.
Rare downtown condo project under construction in Lockerbie
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
Highland seeks to wedge upscale homes on golf course grounds
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.