Big Lots says it found a buyer that will keep some stores open
It was unclear Friday how many stores could remain open in total. Indiana has more than 40 Big Lots locations, with a dozen in the Indianapolis area.
Real Estate
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Indianapolis couple sues IU professor, students for $2B alleging they stole project plans
Tim and Doris Anne Sadler say the students disclosed the couple’s plans for a 1,550-acre development in Puerto Rico to a company that used the information to take over the project.
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City initiates demolition of 8 more buildings at troubled Towne & Terrace
The ultimate goal of the Hogsett administration is to redevelop the 20-acre property site in conjunction with the neighboring Oaktree Apartments site.
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Mass Ave restaurant Nine Irish Brothers closes
The Irish pub opened in 2014 as the third Nine Irish Brothers location. After a decade of serving shepherd’s pie and bangers and mash, the downtown restaurant is permanently closed.
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ISO planning major facelift for Hilbert Circle Theatre
The overhaul would include construction of a new rooftop event space and outdoor terrace overlooking Monument Circle, a revamp of lounge areas, and a new covered walkway and entryway along the Scioto Street alley.
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Articles
2024 Year in Review: City sees key development projects start or advance
More than $8.5 billion in development is underway across downtown, with more coming as projects in their earliest stages wind their way through the planning process.
2024 Year in Review: Coffee shops, pizza spots among new area eateries
The ripple effects of Starbucks closing a Monument Circle location in October 2022 continued to resonate in 2024, when multiple coffee companies opened in new downtown locations.
Long-awaited InterContinental Hotel yet to set opening date
Indianapolis-based Keystone Group has been working on the 170-room hotel, a $101 million adaptive reuse of the historic Illinois Building at 17 W. Market St., since 2018.
Pre-design funds approved for proposed Indiana judicial building
Proposals to construct a new building to house the state’s courts have been tossed around for decades. To get the ball rolling, Indiana budget regulators last week approved a $5 million request for pre-design funds.
Is the run of bank branch closures ending? Maybe.
Even in the era of online banking, banks say they still value the physical location, and several are making significant investments in expanding and improving their branch networks.
Carmel developer plans 315-unit luxury apartment project in Plainfield
Located north of The Shops at Perry Crossing shopping center, Crossing 5 Towns & Flats is expected to offer market- and above-market-rate units ranging from one to three bedrooms.
UPDATE: Federal judge halts proposed supermarket merger between Kroger, Albertsons
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
Plan for 650 homes near Morse Reservoir in Noblesville faces resident opposition
Nearly 20 people expressed those worries Tuesday night to members of the Noblesville City Council during a public hearing about a zoning change that would allow development of the 175-acre Morse Village.
Accounting firm KSM announces move to new nearby office
Indianapolis’ largest accounting firm said its move to a new office within the same 96th Street business park will give it a chance to reconfigure its workspace to fit the realities of the post-pandemic office environment.
Advance Auto Parts closing hundreds of stores in effort to turn business around
The auto parts retailer, which has two dozen area stores, reported a loss of $6 million in its third quarter and lowered its full-year revenue outlook for the second consecutive quarter.
Deferred maintenance emerges as higher ed state budget priority
Indiana’s public universities are seeking millions of dollars for capital projects, but the state’s Commission for Higher Education wants lawmakers to concentrate funding in the next budget cycle on deferred-maintenance projects.
Fishers pumps new life into aging Allisonville Road corridor
Once a thriving gateway on the west side of Fishers, the area has remained stagnant for nearly 20 years as places closer to Interstate 69, such as the Nickel Plate District and The Yard at Fishers District, have experienced rapid commercial and residential growth.
Voters approve merger of Sheridan, Adams Township in rural Hamilton County
Sheridan residents approved the merger 73% to 27%, while people in Adams Township voted 62% to 38% to merge the town and township. The reorganization will go into effect Jan. 1.
American Freight Appliances and Furniture closing all stores in Indianapolis
The owner of the retail chain, which operates stores throughout Indianapolis and Indiana, has agreed to close all stores nationwide as part of a Chapter 11 bankruptcy agreement.
New York church sues Indy-based Disciples of Christ fund over disputed loan
La Hermosa Christian Church filed the suit after the nonprofit lender allegedly declined to release $7.3 million in loan funding advances for a proposed development on the church’s property near Central Park.
Q&A: Architect Stephen Alexander talks about Stadium Village
The longtime architect said he wants to see the neighborhood replicate a sort of Olympic Village surrounding Lucas Oil Stadium. He talked to IBJ about the progress he believes the neighborhood has made toward that goal.
Indianapolis-based Remodel Health moves to larger downtown offices after staff doubles in size
The tech-based health care benefits firm has earned spots on three of IBJ’s last four lists of fastest-growing private companies, reporting $14.8 million in 2023 revenue and 122.8% revenue growth from 2021.
Google Maps adds AI features to help users explore, navigate the world
The shift announced Thursday will bring more of the revolutionary AI technology that Google already has been baking into its dominant search engine to the digital maps service that the internet company launched nearly 20 years ago.
Officials unveil new scenario-based training village at Indiana Law Enforcement Academy
Gov. Eric Holcomb and other state officials on Wednesday cut the ribbon for part of a new, $70 million addition to the Indiana Law Enforcement Academy.