Grocery closures create growing food deserts in Anderson
As grocery stores continue to close throughout the city, residents who don’t have reliable access to transportation have seen their options for local groceries continue to dwindle.
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Butler set to start work on $49M School of Business building
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
With loss of pharmacies, Marsh can no longer sell hard liquor
State law prohibits grocery stores without pharmacies from selling spirits, prompting Marsh to offer big discounts on its inventory.
Two Indianapolis properties make ‘Most Endangered’ list
Two sites in Indianapolis have been named to Indiana Landmarks' annual top 10 list of “Most Endangered” properties. The not-for-profit preservation group released its list Monday.
Duke Realty selling medical office business for $2.8B
The massive deal—which includes 6.6 million square feet of space spread across 71 buildings that are in operation and five that are under construction—will leave Duke as solely an industrial real estate company.
Holcomb faces deadline on divisive energy, alcohol bills
Thus far, the Indiana governor has refused to detail any action he may take, saying he was “still reviewing” them and “looking at every angle.”
Marsh Supermarkets closing all in-store pharmacies
The struggling grocery chain told employees Friday morning that it plans to discontinue pharmacy operations and has sold customer prescription files to a national drug store chain.
Tim Hortons selects site for second area restaurant
Plans for another Indianapolis-area location follow a filing from earlier this month that says the Canadian-based coffee and doughnut chain will build on the west side.
$135M CityWay expansion stokes apartment boom
Construction on the second phase of CityWay is expected to begin in early June, further transforming downtown by adding 400 more rentals to the already booming apartment market.
Owners lavish more than love on pets—and businesses respond
U.S. spending on pets has increased every year since at least 1994, with the largest boost—nearly 11 percent—occurring last year.
Greenwood mayor leads push to turn downtown into residential, retail hub
Mayor Mark Myers, a second-term Republican, hopes to take a page from the playbooks of Carmel and Fishers, which have drawn more residents downtown by creating a commercial and residential hub.
Simon CEO says he’s confident mall business will prevail in tough retail climate
David Simon told investors that the “returns will be there” if the company continues to invest in its properties.
Developer proposes $50M shopping center in Whitestown
The Shoppes at Whitestown would be located on 33 acres within the Anson development with room for about 20 retailers and seven outlots. It could open by fall 2018.
Simon misses analyst predictions, but reports stable mall occupancy
Simon Property Group CEO David Simon said he was pleased with first quarter results, considering the “current choppy retail environment.”
Goodwill, developer proposing $26M apartment project for near-west side
The four-story project by the White River would be reserved for middle-income workers who can’t afford higher rents downtown.
Kite Realty flies past predictions with quarterly results
Kite Realty Group Trust saw higher revenue and better-than-expected funds from operations in the first quarter, but profit slipped.
Duke Realty beats market expectations in first quarter
The Indianapolis-based real estate investment trust saw higher revenue and profit in the most recent period.
Sales of existing homes in the Indianapolis area jump 19 percent
Existing-home sales in central Indiana soared in March while rising for the 16th month out of the last 17.
McDonald’s gives thanks to Big Mac changes after surprising quarter
A revamp of McDonald’s iconic Big Mac burger and more aggressive drink promotions are helping the restaurant giant overcome a broader slump in the fast-food industry.
Local wiener eatery hawking franchises for convenience stores
King David Dogs is pursuing growth through gas stations and travel plazas by franchising kiosk-sized versions of its downtown restaurant, known for its quarter-pound, all-beef hot dogs.