RH, DSW stores on the move along 86th/82nd Street corridor
A former Bed Bath & Beyond location will become home to RH and DSW, two retailers familiar to shoppers along the north-side corridor.
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Credit union to take over former downtown barbecue spot
The spot near Monument Circle has been vacant since September 2020. Indiana Members Credit Union expects to open a branch office there this summer.
PNC Bank to close one of its downtown branches
In a letter to customers, PNC said it plans to close the branch in mid-August while leaving its other downtown branch open.
Real estate developer plans to move HQ from Indy to Zionsville
Indianapolis-based Kendall Property Group plans to spend up to $6 million on a new building at Creekside Corporate Park.
Downtown gas station owner planning apartments, retail next door
The owner also wants the city to vacate its right to an alley between the properties, which he says has become a “safe haven for crime and inappropriate and lewd behavior.”
Chicken Scratch plans downtown Indy location and one in Cincinnati
Known for chicken wings and gourmet smothered fries, Chicken Scratch scores high in Yelp user reviews for the restaurant’s blackened chicken alfredo and Buffalo chicken sandwich.
Indy’s landmark Pyramids are undergoing a facelift
KennMar is investing millions of dollars to remodel and refurbish the office park. The company declined to give a precise price tag for the project but acknowledged it is a little shy of the original $12 million it cost to build the complex more than 50 years ago.
Circle Centre gets boost to bottom line for first time since before pandemic
The 28-year-old downtown mall nearly doubled its profit in 2022 compared with the previous year, according to a report on the property’s operations.
Construction manager Skillman goes all-in on employee ownership
Skillman, the 11th-largest Indy-area construction contractor, is among a handful of local construction firms to give their employees a direct stake in operations and profits.
City looks to spend $54M to purchase Pan Am Plaza, move hotel project forward
Control of the Pan Am Plaza site would allow the city to move forward with its plans to redevelop the property with the 40-story Signia by Hilton hotel.
Groundbreaking set for Broad Ripple mixed-use project
Known as Versa, the project will include more than 230 apartments, a 245-space parking garage, and 3,600 square feet of ground-floor retail space.
Local logistics firm Draco moves some operations to Mount Comfort building
Developer Ambrose Property Group began construction on the $60 million facility, known as Mount Comfort Logistics Center Building V, in March 2022.
O’Malia’s in Carmel buys its longtime showroom
The company has leased the 18,000-square-foot building since 2002 and hopes the purchase—made possible through a small-business loan—will cement it in that location for the foreseeable future.
City to take over financing of $510M hotel at Pan Am Plaza
Hogsett administration officials said the move was necessary to save the project after Kite Realty Group told the city it couldn’t secure suitable financing for a planned 814-room Signia by Hilton hotel.
City takes next steps to redevelop troubled Towne & Terrace property
The first in a series of demolitions began at the 20-acre site near East 42nd Street and Post Road on Friday. Over the next year and a half, the city plans to acquire more than 150 parcels and relocate residents.
JC Hart plans 313-unit apartment project in busy north-side area
Called Allison Pointe, the project is designated for a 10.5-acre undeveloped parcel in a small commercial park along Allison Lake, a manmade body of water between 82nd Street and I-465.
Bed Bath & Beyond files for bankruptcy protection, plans to close stores
The retailer has set a closing deadline for its stores, including those in Carmel, Noblesville, Greenwood and Bloomington, and announced it will stop accepting its ubiquitous coupons soon.
Salesforce giving up 25% of its space in state’s tallest building
The tech giant, which has been cutting costs and restructuring its real estate in the face of a possible economic downturn, put three contiguous floors at Salesforce Tower in downtown Indianapolis on the market for sublease.
Wing Zone restaurant to take over former Donut Shop location
The first Indiana location for Wing Zone, a fast-casual chain with more than 60 locations, is expected to open by the end of the summer.
Local developers planning 200-acre project on city’s northwest side
Two development companies are seeking city approval to rezone multiple parcels between West 79th and West 86th streets just west of Interstate 465 as the site for a $500 million mixed-use development.