Pittsburgh grocer jumping into Indy market
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
Scott Olson
Articles
U.S. Attorney announces new charges in Land Bank plot
The latest indictment charges Reginald T. Walton with wire fraud for his alleged role in a scheme involving the land bank and a city mowing contract.
Two art galleries planned for historic downtown building
Work is progressing on the massive renovation of a historic downtown building in hopes that it will be ready to house a pair of art galleries in the spring. Both the four-story facade and the interior have been stripped.
Owners of Regions Tower putting building on the market
Office brokers say the 662,000-square-foot-building, downtown’s third largest, could fetch more than $60 million, or about $100 a square foot.
Simon plans for spinoff get warm reception from Wall Street
After recently stalling on the stock market, shares of Simon Property Group perked up in trading Friday after the massive local firm announced plans to spin off nearly 100 retail centers into a new firm. Analysts approved of the move.
Indy-based Simon spinoff will include 13 Indiana centers
The locally based retail giant confirmed Friday morning that its new spinoff will be headquartered in Indianapolis. Several of Simon’s properties in the area will be among the new portfolio, including Clay Terrace in Carmel.
Union Station gets new scrutiny after spate of repairs
Seeing small repair projects pile up at the city’s iconic 19th-century train station, city officials have launched an effort to assess the building’s condition with the most thorough inspection in several years.
Suit spawns liquor-distribution showdown
Indiana’s largest beer distributor is mounting the latest legal challenge to the state’s arcane, Prohibition-era liquor laws. Indianapolis-based Monarch Beverage Co. Inc. is suing state officials, arguing the company should be able to also supply liquor to bars, restaurants and retail outlets.
Former city hall reopening as temporary planning hub
As part of a $150,000 renovation of the first floor, workers are installing three large windows on the historic building’s north side where the originals had been removed and covered long ago with matching limestone.
Market Tower target of $60M foreclosure filing
Union Bank filed suit earlier this month against an affiliate of locally based HDG Mansur, which owns the 30-story building, claiming it failed to pay off the $60 million loan balance. The bank seeks a court-appointed receiver to manage the building.
Roundup: Coffee shop expanding downtown, new restaurant in Fletcher Place
Hubbard & Cravens plans to open in two downtown locations, restaurant Ember Urban Eatery takes space in the Villaggio, and a family entertainment center expands to Greenwood.
Activity at AmeriPlex gaining steam
The west-side industrial park, one of the city’s largest, is experiencing robust construction activity that includes more than just distribution centers.
Final piece of city land-swap deal almost done
Indianapolis Fire Department Credit Union officials are set to sign off on a deal with the city to build a facility downtown near College Avenue. That would clear the way for a $43 million project on the credit union’s current Mass Ave site.
Shares of Indiana retailers surge in 2013
Shares of The Finish Line Inc., HHGregg Inc. and Shoe Carnival Inc. have been on a tear this year, rebounding to outperform the major stock indexes and rising at least 40 percent in value through the first of December. By comparison, the S&P 500 has gained about 28 percent.
Black Acre seeking to increase beer production
Owners of the micro-brewery have signed a lease for 5,000 square feet of additional space in Irvington, but first they need a zoning variance from the city to start operations there.
Whitsett pivots to market-rate apartment projects
Next up is a renovation of the vacant Consolidated Building and a redevelopment of the Indianapolis Star headquarters property, both on North Pennsylvania Street. The projects will add 600 market-rate apartments to downtown.
Downtown plan proposes street changes, parks, lighting
A not-for-profit’s proposal for downtown Indy focuses on making it more comfortable and dynamic for urban dwellers.
Mural on Broad Ripple parking garage to help anchor art path
A New York artist’s mural will be featured on the north side of the Broad Ripple parking garage to help root the new Art2Art trail on the north side.
Lauth acquires new apartment property in Greenfield
The local developer’s purchase of the complex is part of a shift within the company to complement its traditional development business with acquired properties.
DMD’s Thies pushing for better design, more projects
Adam Thies, 36, arrived from the private sector in October 2012 and is beginning to put his stamp on the government agency that guides city development