Whitestown sees flurry of industrial projects, more on horizon
Ten industrial buildings have been completed within the past 24 months, another three are under construction, and four projects are in the process of getting started.
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Entrepreneur a master of ‘creative renovation’
Tom Battista’s latest project is The Idle, a work-in-progress micro park between Fletcher Place and Fountain Square where visitors can contemplate downtown highway traffic.
Former GM site provides bounty of opportunity for developer
Ambrose Property Group is proposing a massive $550 million mixed-use project that would transform downtown’s western edge from afterthought to urban gem.
Right to use HHGregg’s name and other intellectual property fetches just $400,000
A small, little-known company purchased at auction the company’s intellectual property rights, besting a bid by a large retailer with a household name.
Fieldhouse snags deli chain for former Dunkin Donuts space downtown
A spokeswoman for the Texas-based chain says a franchisee is set to open later this year in Bankers Life Fieldhouse.
Milhaus victorious in fight to develop $23M Meridian-Kessler apartment project
A judge has ruled in favor of the local developer, which had faced a challenge from nearby residents over the height and location of the complex.
Jeans retailer with local mall store files for bankruptcy
Retailer True Religion Brand Jeans filed for Chapter 11 bankruptcy protection Wednesday and requested permission from the federal bankruptcy judge to close 27 of its 140 stores.
Sports Direct’s Ashley says serious deals not done while drunk
Mike Ashley, the billionaire owner of Sports Direct International—which owns a major stake in Indianapolis-based retailer The Finish Line Inc.—said a former employee’s claim that he made a $19 million bonus deal while in a London pub was “nonsense.”
Columbus girds for $50M Cummins renovation, $30M overpass project
The updates to the manufacturer’s corporate offices are aimed at collaboration and efficiency. The overpass construction is meant to smooth traffic flow at a key entry point to the city.
Downtown Colts-themed restaurant abruptly closes
The eatery at 110 W. Washington St. opened in 2011 and was operated by a Florida-based food-service veteran.
Nike to start selling shoes directly through online giant Amazon
Nike said it will sell some of its footwear through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online.
Revamped Market Tower set to hit sale block
The owner of Market Tower is shopping the downtown skyscraper after spending millions on upgrades to increase occupancy and make it more appealing to younger companies.
King Ribs keeps it in the family
Sherry and David Williams, both in their 50s, work seven days a week to keep their two restaurants and a catering business running.
Walgreens downsizes Rite Aid acquisition to 2,186 stores
Under the new agreement, Walgreens will buy 2,186 stores, three distribution centers and related inventory from Rite Aid for about $5.18 billion in cash.
Proposed canal park still in play despite funding issues
Supporters announced plans for a downtown park along the Central Canal in late 2014. Forced to regroup, they’re now about halfway to their fundraising goal.
Staples to be acquired by Sycamore Partners for $6.9 billion
Staples Inc. will be acquired by Sycamore Partners in one of the largest retail deals of the year, a wager that the office-supply chain is better off continuing its turnaround plan as a private company.
St. Louis-based barbecue joint to open downtown Indy location
A barbecue chain with six existing restaurants is set to take the downtown space last occupied by a Penn Station East Coast Subs. The restaurant, its first outside of Missouri, should open this fall.
Going fishing? Longtime owner of Indy boat dealership to retire, close business
The 40-year-old seller of recreational watercraft is staging a “going out of business sale” as its owner prepares for an active retirement.
Existing home sales in area slide as inventory shrinks, prices rise
Existing-home sales in central Indiana fell 3 percent in May, marking only the second monthly decline in the past 19 months.
Mansion formerly owned by fraudster Durham on market for $3.5M
The 14,480-square-foot home was once a party pad for the infamous financier. The Fishers couple who bought it in 2015 is now selling after making several improvements.