Indianapolis-area homebuilders end stellar year with slowdown
Despite the disappointing closing month, 2018 turned out to be the busiest year for local builders in more than a decade.
Real Estate
Articles
Flood-prone land to become amphitheater space for Franklin
Franklin's redevelopment commission reached an agreement last week to spend $850,000 to buy a key piece of land and relocate two businesses for the project.
Books & Brews acquires local craft brewery Flat12 Bierwerks
The acquisition continues a partnership that began two years ago when Flat12 Bierwerks began brewing all of Books & Brews’ flagship and seasonal beers.
Local partnership acquires chain of 31 Indiana liquor stores
A group composed of a former medical equipment executive, Indiana’s former secretary of commerce and the chairman of the Indiana Republican Party has acquired Save-On Liquors.
Napleton eyes former HHGregg HQ on 96th Street for Kia dealership, more retail
The Chicago-based auto group that entered the Indianapolis market with a big splash in 2017 has requested a zoning change for the mammoth HHGregg property that would include car sales and repair.
Restaurateur pulling plug on Hard Rock Cafe downtown
When the location opened in 1999, Hard Rock was still considered a fashionable brand and a good get for a downtown in the midst of a renaissance powered in part by Circle Centre mall.
Ideas abound on where to put Indy Eleven soccer stadium
Owner Ersal Ozdemir isn’t revealing possible locations for his $550 million Eleven Park project, but community leaders and other observers are bandying about lots of options.
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.
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.
Another senior living facility planned for Whitestown
The Whitestown Plan Commission has approved plans for a seven-building senior living center northeast of Main Street and Central Boulevard. The vacant land once was earmarked for a similar facility by another developer.
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.
Sears to survive after chairman prevails in bankruptcy auction
With a bid of more than $5 billion, Eddie Lampert has won a bankruptcy auction for Sears with a plan that will keep the retailer in business and seek to save tens of thousands of jobs.
Gymboree expected to declare bankruptcy, close at least 6 Indy-area stores
This would be the second bankruptcy for the children’s clothing retailer in less than two years, but the chances for survival look very slim.
South Carolina firm buys northwest-side office park for $6.5M
The acquisition of Commerce Park’s amalgamation of office buildings marks the second significant purchase in the Indianapolis area for Ziff Properties.
Indy Eleven downplays Broad Ripple High School as potential stadium site
The Indy Eleven has expressed interest in the former Broad Ripple High School site as a potential location for its proposed stadium development, but the team tapped the brakes on that possibility Friday, noting it is continuing to evaluate multiple options.
U.S. restaurant prices experience largest jump since 2011
Full-service restaurants, facing higher labor and food costs, raised prices by the largest amount in more than seven years in December, a Labor Department report released Friday shows.
Weak holiday sales at department stores catch many off guard
Shares in Macy’s and Kohl’s plunged Thursday after they reported weaker-than-expected holiday results. Target, however, had a jolly Christmas season.
Needler’s Fresh Market to close Indianapolis store
Fresh Encounter Inc. purchased 15 former Marsh Supermarkets locations in 2017 and renamed all but one of them Needler’s Fresh Market. Now, the Geist location is closing for good.
Indy Eleven proposes $550 million development that includes stadium
The professional soccer team is pushing for a 20,000-seat stadium as part of a real estate district featuring lodging, office and retail space, an underground parking structure and apartments.
Sun King seeks fast, but smart, growth
It’s daunting to keep tabs on what Sun King Brewing Co. is doing these days.