Napolese nibbles on national expansion
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Local restaurateur Martha Hoover plans to take her Napolese chain national with help from Simon Property Group Inc.
Cincinnati-based Neyer Properties has made its first foray into the Indianapolis market by purchasing two buildings near Keystone at the Crossing. A $2 million renovation is in the works.
The closings, which include five in the Indianapolis market, will leave the chain with 78 stores in two states.
The two restaurants are among four new offerings that have either recently opened or will be coming to the Mass Ave area this spring.
Wishard Hospital’s 17 buildings need to be cleaned before Indiana University can acquire the land as part of a swap with the city that cleared the way for the new Eskenazi Health.
Paul J. Page was one of four principals of troubled Indianapolis-based condo firm Page Development, which spearheaded the Villagio at Page Pointe project at the south edge of downtown.
The Alderson Commercial Group of Greenwood bought the building at 425 W. South St. late last year and plans to move into it in April. It last housed the Super Bowl Host Committee.
Here’s a rundown of some of the restaurant and store closings due to heavy snow and frigid temperatures.
The Indianapolis-based electronics and appliance retailer said its fiscal third-quarter sales during the holiday season were hurt by competitors offering deeper discounts.
Three prominent restaurant chains, including one developed by Bobby Flay, and a health club franchise are eying the vacant space formerly occupied by Nordstrom in Circle Centre.
Yolk has signed a lease to occupy 4,410 square feet in the downtown mixed-use development at Delaware and South streets, and is expected to open in the summer.
The university wants to expand its health services program by using some existing Wishard space and tearing down other buildings and replacing them with modern facilities,
Owners of the upstart TwoDeep Brewing Co. have signed a long-term lease to occupy the 7,000-square-foot ground level at 714 N. Capitol Ave. They hope to have the brewery and tap room operating by mid-May.
The Marott Center was built in 1906 as one of the first multi-level department stores in Indiana and is listed on the National Register of Historic Places.
Several of the top local business stories of 2013 involved legal battles with big-name participants.
Apartment developers continued their blitz on the downtown market with several projects under construction or in the planning stages.
A local developer’s plan to build a $25 million mixed-use project in Broad Ripple anchored by a Whole Foods grocery met fierce resistance from neighborhood residents opposed to its size.
Flaherty & Collins Properties plans to build an $81 million, 28-story skyscraper in what would be the tallest new downtown development since the 34-story JW Marriott hotel opened in 2011.
The theater on the city’s near-east side was built in 1927 but has been vacant since 1992. The building’s supporters hope the new roof is the first step in revitalizing what was once the neighborhood’s crown jewel.
Indianapolis-based Ambrose Property Group bought the Landmark Center at 1099 N. Meridian St., while Chicago-based Zeller Realty purchased the historic Century Building at 36 S. Pennsylvania St.