Teen clothing chain with 9 local stores preparing for bankruptcy
Rue21 Inc., a teen clothing chain with 37 stores in Indiana, could file for bankruptcy this month, according to people familiar with the matter.
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Two Family Dollar stores in Indianapolis set for closure
Discount retail chain Dollar Express has confirmed plans to close five Family Dollar stores in Indiana, including two in Indianapolis. But it is possible the stores could emerge again with a new name under new ownership.
Update: High-profile Chatham Arch project still in limbo; Fletcher Place demo OK’d
A developer who wants to build a mix of condominiums, town houses and single-family homes near Mass Ave once again has returned to the drawing board.
Fate of short-term rentals bill up in air after more changes
Changes made to a short-term rentals bill earlier in the week were erased in the Senate on Wednesday.
Cold beer battle brewing after GOP leaders offer final bills
Lawmakers worked Wednesday to keep legislation alive that addresses a legal loophole used by Ricker's convenience stores to sell cold beer at two of its 50 locations.
Local developer buys downtown’s One North Penn building
Loftus Robinson acquired the 16-story office tower from a Florida firm and plans to embark on a facade renovation to restore its historic character.
Coffee giant JAB to buy Panera Bread chain for $7.5 billion
Closely held JAB, which is backed by the billionaire Reimann family of Austria, is further adding to a caffeine empire that already includes Keurig Green Mountain, Krispy Kreme Doughnuts and Peet’s Coffee & Tea.
Patachou’s Hoover making progress on new Public Greens, Crispy Bird eateries
Within three months, the matriarch of the Cafe Patachou family of restaurants hopes to open a downtown outpost for Public Greens and a Meridian-Kessler nest for her fledgling fried-chicken concept.
Permits might be required for short-term home rentals
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
Downtown Cummins building lands first retail tenant
Bank of America said it will open a branch by the end of the year in the ground floor of the office building, which opened in January and serves as Cummins’ global distribution headquarters.
U.S. construction spending reaches 11-year high
U.S. developers ramped up construction spending in February, led by more building of homes, highways and schools.
Ricker’s would get reprieve—for now—under measure approved by House panel
The convenience store chain would be able to keep the permits that two locations use to sell cold carryout beer—a hot-button issue for Indiana liquor stores. Renewing the permits might be trickier.
Bankrupt HHGregg plans to liquidate if no buyer found in next week
The Indianapolis-based retailer, which has filed for Chapter 11 bankruptcy protection, has filed a plan with the court to close its 132 stores and sell off its remaining merchandise if it can’t find a buyer by April 7.
City reaps $1.2M from Conrad hotel investment
Here’s a little-known fact: The city of Indianapolis has an ownership stake in two of downtown’s most luxurious hotels and has received nearly $1.2 million so far from one of the investments.
Anderson University leads effort to draw young entrepreneurs with student debt
An Anderson University fine-arts-major-turned-entrepreneur has helped develop a unique student-loan-forgiveness program that encourages recent Indiana graduates to set up shop in Anderson.
Reality TV star Rupert Boneham, other enthusiasts keep pinball popping
A handful of local businesses signal of a renewed interest in the once-ubiquitous pinball machines that used to be a staple in restaurants, bars and arcades before they were usurped by video games.
Jack in the Box shuts down half of its area locations
Jack in the Box, which operates about 2,200 restaurants in 21 states, entered the local market in 2012 with plans to open at least 10 locations.
Taxman Brewing in Bargersville opening gastropub near Geist
After hitting it big south of Indianapolis, owners of the brewpub plan to open a second location in mid-June in a town aggressively pursuing development.
Bill to close cold-beer sales loophole advanced by Senate panel
A legal loophole used by an Indiana convenience store chain to sell cold beer would be snapped shut under a proposal that was advanced Wednesday by the Senate Public Policy Committee.
Quarry at River North readies for first tenants near Fashion Mall
The $30 million apartment project will open 65 of 196 units by April 15, bringing another rental option to the upscale area.