UPDATE: Hamilton County residents question mystery development
Landowners in Hamilton County are being offered as much as $40,000 an acre by real estate agents, but it's unclear what plans are in the works.
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Carmel’s proposed City Center hotel expected to cost $38 million
The proposed high-end hotel at Carmel’s City Center would be partially owned by the city, which would use bonds to finance it.
Key HHGregg executives could pocket $675,000 in incentive bonuses
Executives eligible for the additional pay, if certain benchmarks are hit through the company’s bankruptcy, include Kevin J. Kovacs, HHGregg’s chief financial officer and acting CEO.
Apartments, grocery proposed in $32M renewal effort on key stretch of 38th Street
Plans are taking shape to revamp dilapidated and underdeveloped properties in the Maple Crossing area, north of 38th at Illinois and Meridian streets.
Local Safeway chain to reopen Marsh store in Beech Grove
The store was one of 18 of 44 remaining Marsh groceries that wasn’t acquired last month to either Kroger or Fresh Encounter, as part of Marsh Supermarket’s bankruptcy process.
Walmart selling Zionsville site for $7.5M despite winning court fight
After battling the town of Zionsville for more than 10 years, Walmart has decided it won’t build a store on Michigan Road after all.
Dermatology practice planning $7.2M Castleton headquarters
Dawes Fretzin Dermatology Group LLC has received preliminary approval for tax breaks from the city of Indianapolis to help it pay for a 30,000-square-foot free-standing facility near the Lowe’s Home Improvement store in Castleton.
Wine shop opens at prominent north-side intersection
The new Vine & Table location at the southeast corner of College Avenue and Kessler Boulevard follows the original shop in Carmel. A liquor store chain acquired the business last year.
Large, north-side apartment complex fetches $36 million
The community along North Keystone Avenue has been renamed and is undergoing more improvements from the new owner.
Roundup: Sushi bar opens in downtown tower, while Starbucks readies spot in another
New eateries are taking root in downtown Indianapolis, Fountain Square, Fishers and Zionsville. And Twenty Tap, south of Broad Ripple, is expected to reopen by the end of the month.
Investor’s IRA helping to house down-and-out veterans
Using a self-directed Roth IRA account, John Gremling buys and sells property to rent out to tenants, including veterans seeking help from groups like Hoosier Veterans Assistance Foundation of Indiana.
Prison’s closure puts near-east-side block into play
The planned closing of a state prison on the near-east side will put into play an entire city block just minutes from downtown that could be ripe for residential development.
Noblesville simplifying home-design approvals after frequent waivers fuel aesthetic concerns
Since the Hamilton County seat created its Architectural Review Board in 2001, it has granted more than 500 waivers to deviate from its architectural standards.
Carmel office building evacuated after tenants sickened
A North Meridian office building was evacuated and several people were taken to hospitals after a bad odor in the building was reported.
One Sun hotel project hits snag while two others prepare to get under way
Sun Development & Management Corp. has three downtown hotel projects in its pipeline but says one needs $3 million to $4 million in city assistance to go forward.
Greenwood preparing to pay $1M for vacant strip center
City officials want to demolish an aging and vacant retail property adjacent to Greenwood Park Mall to possibly make way for a park, since the property now sits in a floodplain and likely cannot be redeveloped.
Office360 continues rapid expansion, plans to add 30 jobs by 2022
The nine-year-old office supply firm, which currently has 91 full-time workers, said it will invest $764,500 to update equipment at its 80,000-square-foot headquarters on the northwest side.
National children’s retailer closing five Indiana stores
Children's clothing retailer Gymboree Corp. is closing 350 stores—including multiple shops in Indiana—as its works to restructure in bankruptcy. The Indianapolis area did not avoid the closure list.
Wine market, bar slated for Fountain Square space
The new retail and gathering place is leasing a high-visibility spot on Virginia Avenue where plans for a Japanese bistro recently were abandoned.
More Sears, Kmart stores set for closure in Indiana
Sears Holdings Corp. announced plans Friday to close 43 more stores, including three Sears department stores and one Kmart store in Indiana.