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.
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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.
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.
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.”