MEMORY BANK: Former O’Brien car lot is now Milktooth on Virginia Avenue
Founder Thomas O’Brien launched his auto sales in 1933 across the street with a Desoto-Plymouth dealership.
Real Estate
Articles
Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart
A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.
With Kite shares stuck in discount bin, dividend investors can hit jackpot
Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.
Wind-energy developer dismisses auditor after being informed of accounting weaknesses
Infrastructure & Energy Alternatives Inc. dismissed auditor Crowe Horwath and said it is taking steps to address the financial issues raised.
Amazon to give Prime members extra discounts at Whole Foods
The online retailer has made a number of changes to Whole Foods since it bought the chain last year.
Macy’s shares soar as profit surpasses expectations
With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.
U.S. retail sales continue rebound with solid April showing
U.S. retail sales rose at a solid pace in April, a sign that consumers are bouncing back from weak spending earlier this year and driving stronger economic growth.
Closure puts future of Tim Hortons in Indianapolis area in doubt
The Canada-based coffee and doughnut chain had plans for at least five Indianapolis-area locations, but it already plans to shut down the first one after only a few months in operation.
Ambrosia-inspired restaurant, ice cream shop slated for Fountain Square landmark
One of the city’s best-known Italian restaurateurs and a Fort Wayne-based purveyor of quirky frozen treats will be neighbors in the 90-year-old building that anchored Fountain Square’s revival.
High-end auto shop buys north-side building for restoration, storage services
A car-care staple in Meridian-Kessler is expanding to the Keystone Avenue corridor to open up space for rejuvenating classic models and giving their owners a white-glove option for storage.
Council panel advances $2.9M in financing for new Duke Realty headquarters
An Indianapolis City-County Council panel on Monday night unanimously advanced proposals that would help Duke Realty Corp. move its headquarters from Carmel to a new $28 million office building it would build in Indianapolis.
Indianapolis developer picked for $120M redevelopment project
Flaherty & Collins Properties was selected by the city of Valparaiso to develop a $120 million mixed-use project at the former Anco factory site.
Mexican eatery to take snakebit space in Fall Creek development
Two well-regarded eateries have failed in the space since late 2016.
Family seeks to rezone 321 acres of farmland for massive residential, commercial development
A family that has owned land in Westfield since the mid-1800s has requested a rezoning for a multi-use development project that would almost rival Grand Park Sports Campus in size.
With time running out, backers of $3M downtown fund scramble for support
Downtown Indy officials say they are hopeful that they will get the petitions necessary to create an economic improvement district by a self-imposed deadline of Friday.
Memory Bank: Brightwood once had thriving business district
This photo from the 1940s shows Allen’s Furniture and Roesch Pharmacy, on the west side of the street’s 2300 block, while Brightwood Jewelers and Goldman’s, a clothing store, anchored the east side.
Hamilton County halts government and judicial center expansion
Bids for a 132,000-square-foot expansion of the government and judicial center came in about $300,000 over budget.
Indianapolis-area auto dealers selling to bigger groups
The local car dealerships Hoosiers have long visited when shopping to buy a set of wheels could bear new names in coming years as aging owners look to sell off their businesses.
Hotel, apartment project will cap Speedway’s Main Street redo
Town officials in 2008 began an aggressive play to turn the world-famous oval into an economic engine that runs year-round by creating a retail and entertainment district along Main Street.
Wind-down of Marsh Supermarkets paints ugly financial picture
Tens of millions of unsecured claims will go unpaid when the Indianapolis-based grocery chain completes its liquidation in bankruptcy court.