Veteran restaurateur jumping into microbrewery biz
Rick Lux, whose Lux Restaurants operates eateries such as the Elbow Room and Binkley’s, will open the Blind Owl Brewery in a strip center on Binford Boulevard.
Scott Olson
Articles
Longtime developer Alig charged with 20 felonies
A Marion County prosecutor’s affidavit accuses the Mansur Real Estate Services co-founder of receiving $340,000 from several victims through a securities fraud scheme.
Small Broad Ripple condo project causing big concerns
The developer has trimmed the project west of College Avenue along the Central Canal from five units to three. But that has not enough to appease neighbors who say it’s too large for the property.
Renderings: Milhaus’ Park 10 condos
The local developer’s Park 10 project in the Chatham Arch neighborhood will include 84 units and is one of just a few condominium developments in the works for downtown, as apartments continue to dominate the market.
Ambitious Browning stayed for civic work
Michael Browning never envisioned he’d still be in Indianapolis after arriving nearly 40 years ago from South Bend. But the Detroit native and University of Notre Dame grad bought a business here and became one of the city’s biggest developers.
‘Spite strip’ sidelines prime 13-acre parcel
A tract of land for sale at the northeast corner of Interstate 465 and Keystone Avenue has languished on the market for nearly four years despite its high visibility in one of the glitziest parts of the city.
Ambrose seeks offers on downtown building for apartments
Ambrose Property Group wants to test the waters to see if the 130,000-square-foot segment of the 500 N. Meridian office complex might be better suited for the hot residential rental market.
Developer to tear down former Star headquarters
TWG Development LLC has abandoned plans to save most of the headquarters after deciding that renovating the oddly configured structure would be too difficult.
Judge dismisses Panther Racing suit against Rahal, IndyCar
The local racing team claimed it lost a $13.1 million sponsorship with the Army National Guard because of bid-rigging and other improprieties. A federal judge disagreed.
Owners take advantage of hot office market to flip commercial buildings
Real estate investors are cashing in on the local office market quicker than expected as properties change hands at prices not seen since before the recession.
Cumberland mounts last-ditch effort to save church
Town officials have contacted more than 50 developers to gauge their interest in saving the century-old building, which is in danger of being demolished to make way for a service station.
King David owners pitch their dogs on Food Network
Brent and Hannah Joseph will appear on the April 13 episode of “Food Fortunes,” a new “Shark Tank”-like show from the Food Network, hoping to land an investment to bring their dogs to grocery shelves.
Roundup: More fast-fire pizzerias, including one downtown
Pie Five Pizza Co is taking the corner space at 48 E. Washington St. downtown that’s been vacant since Dunkin Donuts closed two years ago. Meanwhile, Project Pie is set to open on the northeast side in May.
Developer buys former Double 8 grocery in SoBro
An affiliate of PK Partners purchased the property at the southeast corner of 46th Street and College Avenue that for decades housed a Double 8 Foods store and is searching for a restaurant or retail tenant.
McNamara Florist buys building, returning to Indianapolis
The Fishers-based florist bought the 176,000-square-foot warehouse east of downtown as part of a $2 million investment in returning to Indianapolis next year.
Finish Line tightens laces, rebounds in fourth quarter
Reducing expenses and rejiggering inventory helped the Indianapolis-based retailer of athletic apparel finish a disappointing year with a strong kick.
Online real estate brokerage Redfin enters market; brokers unfazed
A residential real estate service that prides itself on its tech-savvy ways and alternative methods of compensating agents hopes to make a splash in the Indianapolis market.
South-side businessman buys old hotel property
Jefferson Shreve has purchased a highly visible site near Interstate 465 and U.S. 31 and is tearing down the hotel that’s been there for decades to make way for a mixed-use development.
Steak n Shake parent wins court victory amid proxy challenge
Biglari Holdings Inc. has won a major legal victory as a separate fight with a dissident shareholder turns personal.
Fountain Square property values take off
Commercial real estate prices are skyrocketing in Fountain Square, where property owners seem emboldened by a resurgence of interest in the historic neighborhood southeast of downtown.