MoFoCo, formerly the Monon Food Co., plans to open a downtown location March 27, while Bob’s Discount Furniture prepares to launch from two stores formerly occupied by a local furniture heavyweight.
Payless Inc., which has about 15 shoe stores in the Indianapolis area, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.
Officials say the new rules eliminate redundancies and establish three new zoning districts that better reflect the city’s growth.
A decision by a national religious-based retailer to close all 240 of its stores will put 14 Indiana locations out of business.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
The 315-room hotel, built in 1998 at Keystone at the Crossing, now boasts several amenities and improvements that give it a more modern feel.
In a move to bring shoppers back to its stores, Target Corp. is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
Eleven stores in Indiana, including four in Indianapolis, are on the closure list. Five area stores escaped the list.
The bill’s author, Rep. Matt Lehman, R-Berne, says it’s important to stop knee-jerk government regulation that would restrict anyone’s ability to “use our private property for what we want to use it for.”
Holladay Properties is expected to find development opportunities for 266 acres of unused airport land just south of West Washington Street.
The department store chain announced Feb. 24 that it planned to close about 14 percent of its locations. On Friday, the retailer unveiled a list of 138 stores that were on the chopping block.
The appliance-and-electronics retailer never disclosed the identity of the proposed buyer, but statements by attorneys in court and in a court filing suggest it was affiliated with Zimmerman Advertising, the company's advertising agency.
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.
After more than a year of experiencing rising demand for new homes, Indianapolis-area builders had an off month in February.
Troy Sissom has been ordered to serve 41 months in federal prison for defrauding F.A. Wilhelm Construction Co. from 2003 to 2015.
The entity charged with selling the 103-acre site said the proposals represent up to $1 billion in investment to transform the vacant parcel into a destination.
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
The century-old discount department store chain, which has a store in Avon, said it planned to permanently close a distribution center southwest of Indianapolis on May 12.
