Deal with Ozdemir paves way for Purdue Polytechnic High School to open in Broad Ripple
For at least one year, the school would operate out of a building just east of Broad Ripple High School that Ozdemir's Keystone Group is buying.
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Senate OKs bill to allow food, beverage tax in three Indy suburbs
The tax would have the biggest impact in Greenwood, where it could generate $2.5 million in 2020 and $2.6 million in 2021.
Apparel retailer with hundreds of Indy employees files for bankruptcy
Debt-burdened FullBeauty Brands has a restructuring plan ready to go that would turn over ownership to its creditors. But a federal trustee wants to tap the brakes.
Counties seek state relief from big-box retailer tax appeals
In Indiana alone, there are more than 300 pending tax appeals involving big-box retailers. County leaders are seeking a statewide legislative fix.
Simon Property CEO ‘nervous’ about more retail bankruptcies
Simon Property Group managed improvement in every significant financial category in 2018 despite a landslide of retailer failures. On Friday, CEO David Simon said the company will have to continue to navigate through more store closures.
IPS board rejects acquisition bids for downtown headquarters
The IPS board on Thursday unanimously voted against two bids for the district’s downtown headquarters because they didn’t come close to the $7 million the district had hoped to receive for the property.
Memory Bank: Snowfall in Woodruff Place
Woodruff Place was well established when Walter Carpenter shot this photo on March 27, 1912, at the corner of Michigan Street and West Drive.
Part of solar farm at Indianapolis International Airport sold in $24M deal
CleanCapital purchased about half of the massive solar farm at the Indianapolis International Airport as part of a portfolio that also included a site in Columbus, Ohio.
UPDATE: Scotty’s Brewhouse founder faces new investor lawsuit for alleged fraud
The suit against Scott Wise alleges that two investors lost more than $1 million they had invested, due to Wise’s misleading statements and shares that were never properly registered. Wise said he didn’t mislead any investor in Scotty’s Brewhouse.
Trio of downtown-area apartment buildings hits market
Their Bloomington-based owner is marketing them less than three years after completion. They include The Delaware, a high-profile complex at 22nd and Delaware streets.
Developers bid on IPS downtown HQ, but district leaders unimpressed
Indianapolis Public Schools staffers are expected to ask the board this week to reject two proposals to buy the district’s downtown headquarters, after the offers came in well below expectations.
Existing-home sales see small rise in 2018 despite tough December
Higher prices, low inventories and climbing interest rates have all combined to slow growth in the market.
Clarks shoe store closing at Circle Centre
The downtown mall has hemorrhaged tenants in recent years, including the loss of its two department store anchors.
Longtime downtown steakhouse Shula’s preparing to close
The steakhouse, part of a chain founded by NFL coaching legend Don Shula, plans to leave the Westin Indianapolis at the end of next month.
Memory Bank: Main Street in Greenwood
Retail did not begin opening in Greenwood until 1845, but soon a commercial corridor developed along West Main Street.
Greenwood exploits creek for ‘riverfront’ district
As part of its effort to add redevelop its downtown, Greenwood is putting an unusual asset to use: a meandering minor waterway that in spots is not much wider than a drainage ditch.
Mount Comfort Road has big development potential for Hancock County
Mount Comfort Road in Hancock County could see an additional half billion dollars in economic impact by 2030 if community leaders capitalize on a plan to develop the busy corridor.
National car dealer backs away from massive HHGregg HQ site
Napleton Auto Group says it’s still weighing its options for relocating one of its local Kia dealerships after dropping a contract to buy the former appliance chain headquarters and retail site.
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.
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.