Bates-Hendricks working to attract, shape commercial development
Now that Bates-Hendricks has emerged as one of the city’s housing hot spots, its neighborhood association is focusing on the commercial boom residents believe will follow.
Susan Orr
Articles
Drowning in debt, FullBeauty Brands to file Chapter 11
The online retailer of plus-size women’s apparel with a deep history in Indianapolis and nearly half its workers here is attempting to extricate itself from a debt load of $1.3 billion.
Airport wants to add FAO Schwarz, MAC cosmetics, others to retail lineup
Airport officials have reached lease agreements covering 19 retailers, the first wave of deals negotiated as part of the airport’s concessions refresh program. The airport authority’s board is set to vote on the contracts Friday.
Former Elbow Room site downtown to house two restaurants
A longtime local chef and his wife plan to open a fast-casual spot for breakfast and lunch, as well as a dinner restaurant. The iconic flatiron building also will include space for private events.
Prosecutors want 6-1/2 year sentence for former Merrill Lynch adviser Thomas Buck
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
Local accounting firm sanctioned by feds, pays $102K penalty
The U.S. Securities and Exchange Commission has accepted settlement offers from Katz, Sapper & Miller—the area's largest locally based accounting firm—and one of its partners for what the SEC described as "improper professional conduct."
Cummins CFO to retire after 32 years with company
Retiring CFO Pat Ward will be succeeded by an internal candidate, longtime Cummins employee Mark Smith.
Vacant Shelby Street property getting makeover
A St. Vincent de Paul store and coffee shop will occupy the space. Also this week: Bovaconti Coffee, My Sugar Pie, Simply Divine Cupcakes and Starbucks.
Investment experts: Don’t panic; look for opportunities
It’s not clear whether the bull or the bear will prevail in 2019, so financial planners are counseling clients to expect volatility and take advantage of it, if that meets their long-term strategies.
Indy-based accounting firm Umbaugh to be acquired in three-way deal
Chicago-based firm Baker Tilly plans to acquire Indianapolis-based Umbaugh and a Minnesota-based firm in a three-way deal that will build one of the nation’s largest municipal finance advisory firms.
Specialty food market in downtown’s Chatham Arch to close
Chef Regina Mehallick opened the College Avenue market in 2014 but said it did not turn a profit.
Downtown taco restaurant closes after 13 months
The 7,500-square-foot restaurant and bar, which opened at the northeast corner of South Meridian and Georgia streets in November 2017, was the first location outside of Chicago for Broken English Taco Pub.
Boss Battle Games moving to Castleton
The retro game center is vacating its space in Washington Square mall. Also this week: Performance Bicycle, Pia Urban Cafe and 10 Johnson Avenue.
$9.2M Riverside Park amphitheater could be a ‘game-changer’
A towering limestone monument to a long-ago Indianapolis mayor will be transformed into a performance venue at Riverside Park, thanks in part to a Lilly Endowment Inc. grant.
Indianapolis-based trucking firm Celadon Group switches auditors
The move comes as Celadon works through a host of accounting and financial issues that were first announced in May 2017.
ROUNDUP: Tinker Coffee buys larger space, plans to open cafe
The roastery’s new building is near 16 Tech. Also this week: JackRabbit, Derezzed Virtual Reality and Walmart pickup towers.
National Bank of Indianapolis CEO retiring after 25 years at helm
President, chief executive and bank co-founder Morrie Maurer plans to retire Jan. 4, to be succeeded by a longtime executive within the organization.
J.P. Morgan takes three former advisers who joined competitor to court
J.P. Morgan has won a preliminary injunction against three former employees in its Carmel office, who are accused of taking at least 20 clients with millions of dollars in assets to a competing firm.
2018 Year in Review: Carson’s, other department stores close; Musk restaurants open
Carson’s left a 145,000-square-foot hole in Circle Centre mall when the three-story department store shut down April 29 following a three-month liquidation sale.
2018 Year in Review: Downtown coalition, INDOT battle over I-65/I-70 rebuild project
In response to public input, INDOT said in September it would not add extra through lanes to the interchange as planned. INDOT also said its plans now call for the construction of retaining walls in certain areas that are only 7 to 11 feet high at the top of existing berms, rather than the much-higher retaining walls at the foot of the berms that it had originally proposed.