Retailers up their game to fill void left by Toys ‘R’ Us closures
Retailers including Walmart, Target and Party City are trying to grab a piece of the nearly $3 billion left on the table by Toys “R” Us, or 12 percent of the U.S. toy market.
Real Estate
Articles
Developer ready to pull trigger on massive redevelopment of GM site
Ambrose Property Group's mixed-use development, to be known as Waterside, is expected to cost $1.4 billion, more than double the firm's original estimate of $550 million.
Architectural icon in a city of architectural gems needs a helping hand
Columbus’ North Christian Church was the final project designed by renowned architect Eero Saarinen but has landed on Indiana Landmarks’ “10 Most Endangered” list.
Memory Bank: T.C. Steele paints plein air in Brown County
The renown artist built a home and studio in Brown County called the House of the Singing Winds and would often paint in the prairies and woods near his home.
Justices won’t hear Indy historic district construction appeal
The Indiana Supreme Court denied an appeal from eight members of the Lockerbie Glove Factory Town Home Owners Association who are challenging a construction project in a downtown Indianapolis historic district.
CVS-Aetna deal given go-ahead by U.S. antitrust regulators
The Justice Department’s approval clears the way for a merger that will create a health care giant with a hand in insurance, prescription-drug benefits and drugstores across the United States.
Sears preparing for bankruptcy as soon as this weekend
Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund manager Eddie Lampert, is focused on a deal that would preserve stakeholders’ value in a court restructuring, according to a person with knowledge of the matter.
Precedent Office Park getting new name, $6M-plus in amenity upgrades
The new owners of Precedent Office Park—a landmark business park on the north side of Indianapolis—are planning several amenity upgrades that take advantage of the property’s 38-acre lake.
Westfield approves $15M downtown road project with INDOT
The Westfield City Council on Monday night approved an agreement with the Indiana Department of Transportation on a construction project that is expected to transform the city’s downtown.
Memory Bank: Floral float carries Newsboys Band
The first Indianapolis Fall Carnival took place Oct. 9-12, 1900, and included two parades daily, including the Floral Parade on Oct. 10.
Amazon warehouse workers lose bonuses, stock awards as they get raises
The online retailer upped its minimum wage to $15 and raised other warehouse wages by $1 per hour, but employees learned Wednesday that there’s a tradeoff.
Naptown Thrift founder, hip-hop artist finds success by blending the two interests
Aaron Marshall has used his passion to fuel his business—and the result is Naptown Thrift, a vintage clothing store specializing in the 1980s and 1990s.
Projects nibble at Hamilton County’s affordability problem
Projects underway in Fishers, Westfield and Noblesville are aimed at addressing the lack of housing options for low- and middle-income earners in Hamilton County, but they will only make a dent.
Carmel to buy shopping center near City Center for $15M
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
Toys ‘R’ Us lenders file plan to revive brand, reopen stores
In a bankruptcy court filing Monday, the lenders said they had canceled a plan to auction off the company’s intellectual property. Instead, they are seeking to reorganize the assets into a new company that will invest in new retail operating businesses.
Kite Realty Group makes first CFO hiring since 1999
Heath R. Fear has been named executive vice president and CFO of the Indianapolis-based real estate investment trust, replacing Dan Sink, who stepped down June 30 after serving as Kite’s CFO for almost 20 years.
Indianapolis-area builders continue to see rising demand for new homes
On a year-to-date basis, single-family construction permits in the nine-county area are up 19 percent.
Big gymnasium in downtown corporate campus to be demolished
The owner of the 40,000-square-foot gym says upgrading the facility would cost tens of millions of dollars, and that the cost to maintain it is greater than the property’s value.
Papa John’s founder admits to non-disclosure agreements with two women
Embattled Papa John’s International Inc. founder John Schnatter has previously faced sexual harassment allegations.
East-side Cajun eatery calling it quits after 11 years
Owner and co-founder Art Bouvier cited myriad reasons for the upcoming closure of Papa Roux.