$15.3M Walker Theatre rehab to return shine to community gem
A three-way partnership substantially brightens the future of the venue, which has offered minimal programming in recent years and badly needs upgrades.
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Flaherty & Collins plotting $75M project in Cleveland
Flaherty & Collins, which is wrapping up its $120 million 360 Market Square apartment project in Indianapolis, has reached a development agreement for a $75 million mixed-use project in the Cleveland suburb of Cleveland Heights.
Dick’s ending sales of assault-style rifles in stores
Dick's Sporting Goods, a major U.S. retailer with eight stores in the Indianapolis area, said it will immediately halt sales of assault-style rifles and high-capacity magazines at all stores and ban the sale of all guns to anyone under 21.
Starbucks says empty storefronts are leading to lower rents
Starbucks Corp. Chairman Howard Schultz said he sees a blessing in all the retail vacancies across the United States—landlords are beginning to reduce rents.
Papa John’s to end NFL deal as new CEO confronts sluggish sales
The NFL partnership has been strained since Papa John’s founder John Schnatter slammed the league in November, saying that declining ratings had hurt sales. He also said that Commissioner Roger Goodell mishandled the national anthem controversy.
Macy’s breaks out of slump with better-than-expected holiday sales
The department store chain, which has three stores in the Indianapolis area, reported a healthy sales gain for the holiday period as it benefited from an improving economy and its own initiatives, like an overhauled customer loyalty program.
U.S. consumer confidence rises to highest level since 2000
Tax cuts passed into law last year are starting to show up in workers' paychecks, boosting confidence in the economy to its highest level in more than 17 years.
Developer plans $9.5M town house project near old Milano Inn site
Onyx+East is buying a one-acre lot off of South College Avenue and plans to build eight buildings containing 35 residential units.
Major office project with grocery store proposed for 16th and Capitol
A local ownership group has filed plans to construct a 250,000-square-foot office building with a 40,000-square-foot grocery store, in addition to a parking garage and smaller office building.
Brown closes Mass Ave eatery, plans new restaurant project with Oesterle
One day after shutting down his upscale southern European eatery in the Mass Ave district, local restaurateur and chef Neal Brown disclosed he was moving on to an even bigger project in partnership with former Angie’s List CEO Bill Oesterle.
After contamination hiatus, Blue Bell ice cream returning to Indiana
The iconic Texas-based brand has been unavailable locally since 2015, when the company recalled all of its products nationwide to deal with a listeria outbreak. In addition to reappearing in stores, Blue Bell is reopening a distribution center in Indianapolis.
Community theater group losing Clay Terrace performance venue
The group has been putting on plays at a space in Carmel’s Clay Terrace shopping center for more than eight years, thanks in large part to the largesse of the landlord. Now it needs to find a new home.
Realtor group’s opposition a possible blow to school district’s tax-hike bid
A politically influential group representing real estate agents is taking the rare step of opposing Indianapolis Public Schools’ $725 million proposal to raise property taxes to increase school funding.
MEMORY BANK: L.S. Ayres flagship store rises
Workers erect steel on April 22, 1905, for what would become the L.S. Ayres flagship store at the southwest corner of Meridian and Washington streets.
Hospital construction boom fans overbuilding fears
Even before news broke that an unidentified health care system had lined up 30 acres at 96th Street and Spring Mill Road for a massive development, projects costing billions of dollars were underway or on the drawing board across the region.
Is fast-growing rival of Lids frontrunner to buy chain?
Some analysts say the logical buyer for Zionsville-based Lids Sports Group is Fanatics Inc., an online-only rival that has been on a tear while Lids has struggled.
Taco Bell overtakes Burger King as fourth-largest U.S. chain
The Mexican-themed chain eclipsed its burger rival in U.S. sales last year, becoming the fourth-largest domestic restaurant brand. The top three brands held on to their spots.
Halakar Properties reemerges after national partner ends affiliation
The local Halakar real estate firm no longer is affiliated with Newmark Knight Frank, which has poached a former Halakar co-owner to start an Indianapolis office.
Area home builders see big spike in demand in new year
It was the busiest January for builders since 2007, according to figures reported Monday by the Builders Association of Greater Indianapolis.
St. Vincent says it remains ‘fully committed’ to West 86th Street campus
At the same time, the Indianapolis-based health system continues to sidestep questions about whether it is involved in a proposal to build a $1 billion hospital complex on a site just three miles from its 86th Street campus.