MEMORY BANK: Indiana Theatre hosts premiere of movie about harness racing
What was then called the Indiana Theatre hosted the world premiere of “Home in Indiana,” a movie about harness racing, on June 14, 1944.
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Q&A: Kroger manager ‘came with the building’
When Marsh moved Larry Schultz out of its Mass Ave store years ago, customers threw a fit. Kroger was smart enough to make him manager of its new downtown store.
UPDATE: 16 Tech district unveils plan for first 4 buildings, lands $38M grant
The 30-acre first phase of the 16 Tech innovation district, long touted as an up-and-coming hub for entrepreneurship and innovation, will be spurred by a $120 million investment from Browning and a $38 million grant from Lilly Endowment.
Neighbors of proposed Carmel hospital gear up to fight project
More than 100 people gathered Tuesday to plan how to oppose the project, which calls for nine buildings, two helipads and four parking garages.
Downtown Indy Inc. launching ‘pop-up’ retail program
The goal is to showcase—and hopefully fill—some now-vacant downtown retail spaces. Artists and vendors are being recruited, and the pop-up spaces should be active in May.
Salvation Army moving Indiana headquarters to Castleton
The not-for-profit is spending $4.5 million to renovate its new building following an agreement to sell its current property to the neighboring Children’s Museum of Indianapolis.
One of central Indiana’s oldest web developers acquired
New England-based SilverTech Inc. plans to expand to its second market by buying local stalwart Bitwise Solutions, which was founded in 1991.
Amazon’s Whole Foods acquisition already shaking up grocery business
Amazon.com’s Inc.’s acquisition of Whole Foods Market—the national grocery chain that is opening its third local store in downtown Indianapolis on Wednesday—has sparked major disruptions in the grocery industry in the short time since the deal closed in late August.
Meridian Plaza buildings in Carmel fetch more than $30M
Zeller Realty Group has sold the two spacious buildings along the North Meridian Street office corridor after undertaking extensive renovations.
Area home builders have busiest February since 2006
Builders filed 481 single-family construction permits in the nine-county area in February, a 37 percent increase over the 351 permits they filed in 2017.
New Le Peep operator zeroes in on sixth area eatery
Le Peep Restaurants of Indiana was acquired in January by a local investment group intent on making some improvements to the Indianapolis-area restaurants.
Northwest-side office building changes hands in $16.35M deal
Onward Investors LLC announced Monday that it sold the building to Arkansas-based Tempus Realty Partners three years after acquiring it.
Discount grocer Aldi coming to former Marsh site in Nora
The Marsh closed in April 2017 as the grocer teetered toward bankruptcy. Meanwhile, Aldi is on a tear with its plans to modernize existing stores and open new ones.
Group led by former Angie’s List CEO closes on sale of company campus
An investment team headed by Bill Oesterle says it’s planning a “playground for the creative and innovative” on the 17.5-acre property.
Simon among landlords that will have to deal with Toys ‘R’ Us properties
The collapse of Toys “R” Us Inc. is yet another blow for landlords—including Indianapolis-based Simon Property Group—who now will have gaping holes of suburban retail space up for grabs. And few tenants would want them.
Former exec sues Mainstreet, says developer failed to pay him $630,989
Ned Rule, former managing director of investments, claims the Carmel-based developer terminated him without cause to save money during a financial downturn, violating his employment contract.
Demise of Toys ‘R’ Us will force toy makers, landlords to scramble
The company’s troubles have affected toy makers Mattel and Hasbro, which are big suppliers to the chain. But the likely liquidation will have a more significant impact on smaller toy makers that rely more on the chain for sales.
Few sites leap out for possible downtown mega-hotel
Only the Pan Am Plaza and a city-owned parking garage on Illinois Street jump out as prime locations for the mega-hotel Visit Indy wants downtown, hospitality industry observers say.
Toys ‘R’ Us to liquidate U.S. operations, CEO tells employees
Toys “R” Us plans to shut down its U.S. operations, eliminating the jobs of some 30,000 employees while spelling the end for a 70-year-old retailer known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot.
Man skipping out on tab leaves downtown restaurateur critically hurt
The attack that took place Tuesday afternoon at Acapulco Joe's, 365 N. Illinois St., left 57-year-old owner Grant Redmond unconscious with a blood clot on his brain that required surgery.