Carmel issues request for proposal for PNC Bank property
The Carmel Redevelopment Commission is seeking a developer to transform the northeast corner of Main Street and Rangeline Road with a mixed-use development.
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Aldi plans new store in former Marsh at north-side shopping center
The Germany-based discount grocery chain has leased about 22,000 square feet and will occupy a little more than a third of the former Marsh Supermarket space.
Hotel owners voice concerns over Pan Am Plaza project to state lawmakers
Some of the most prominent hotel operators in downtown Indianapolis told state lawmakers Wednesday that the process that led to developer Kite Realty Group Trust and Hilton being selected for the Pan Am Plaza project was unfair.
Father-son Sahm’s duo blazes trail to build 15-restaurant juggernaut
Sahm’s Restaurant Group focuses on filling underserved niches, making its customers happy with unpretentious food, and building deep connections with the neighborhoods in which it operates.
New developer tackles downtown projects in smaller towns
Rebar Development launched just over a year ago, and already the small team has won three projects that are the result of public-private partnerships with metro-area communities.
IPS sells maintenance buildings for $2.75M
The buyer is TWG Development LLC, one of four bidders for the 4-1/2 parcel. It plans to construct 190 market-rate and affordable apartment units and office space.
MD Logistics adds fourth warehouse in Plainfield
The third-party logistics company said it plans to increase its workforce by 50 full-time workers over the next five years.
UPDATE: Shake Shack among slew of new restaurants set to land at Indianapolis airport
The airport’s board is set to vote Friday on concessions contracts for the burger chain and 11 other local and national airport newcomers. In all, the contracts cover 19 food and beverage spots.
Lumber Liquidators paying $33M to settle U.S. fraud charges
One of the biggest retailers of flooring products will pay to settle fraud charges by federal authorities who accused the company of falsely saying its Chinese-made laminate flooring met formaldehyde emissions standards.
Opponents of proposed Carmel mosque lose zoning appeal
The Carmel zoning board’s approval of the construction of an Islamic community center was affirmed Tuesday as an appeals court determined opponents of the planned mosque failed to timely file the necessary paperwork to make their case.
District Tap gets needed approval to open downtown site
The District Tap is proceeding with plans to open a location at 141 S. Meridian St. after receiving approval to add a patio door on Georgia Street.
Home decor retailer with Carmel store files for bankruptcy
Los Angeles-based Z Gallerie said it plans to close 17 of its 76 stores as part of the Chapter 11 reorganization.
Westfield council approves $35M financing plan for Grand Junction Plaza
The 4-3 decision followed a public hearing during which more than a dozen residents spoke for and against the financing plan.
Butler switches food-service vendors in move affecting 200 workers
California-based Bon Appetit Management will take over in May for Philadephia-based Aramark Corp., which had the contract for 20 years.
Tesla raises prices as Musk backtracks on plan to close stores
Tesla will increase the cost of its vehicles by an average of about 3 percent after rethinking a plan announced just 10 days earlier to wind down all but a small number of its stores.
Plan for private health clinic at Broad Ripple Park hits opposition
A group that opposes a public-private partnership to help raise funds for an event center in Broad Ripple Park plans a forum Monday night to discuss the matter, but did not invite city or park officials.
Biglari says Steak n Shake turnaround to start with speedy service
What's wrong with Steak n Shake? Sardar Biglari says a key problem is a failure to upgrade kitchen equipment and design, leaving the chain with “high-cost, labor intensive, slow service.”
Soccer stadium likely would find other uses—especially if it’s downtown
The Indy Eleven would likely need the $150 million soccer stadium proposed by owner Ersal Ozdemir for only about 20 matches a year.
Fashion retailer with five local stores going out of business
The 44-year-old fashion retailer, which declared Chapter 11 bankruptcy last month, said it would begin liquidation sales at all 416 locations nationwide.
Shake Shack scouting Indianapolis market for restaurant locations
The New York-based chain plans to add 36 to 40 locations this year. It is advertising for Indianapolis restaurant staff but has not announced it is coming.