Study says swaths of city in decline
A new study commissioned by the not-for-profit land bank Renew Indianapolis shows that just a tiny fraction of the city’s population is benefiting from renewed investment.
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Amazon taps merchants for warehouse space to expand inventory
Amazon.com Inc. has a massive network of distribution centers across the country that includes several fulfillment centers in Indiana. But even those aren’t enough to keep up with demand for fast shipping.
City exploring unusual financing option for $18M Fountain Square project
The 94-unit apartment development, which would be built at the southwest corner of Prospect and Spruce streets, would help extend Fountain Square’s core to the east.
Local builders still seeing rising demand for new homes
Area home builders saw surging demand for new homes for the 11th month in a row in October, the Builders Association of Greater Indianapolis reported Wednesday.
Harley-Davidson moving from Carmel to Fishers, nearly doubling store size
Harley-Davidson plans to construct and open a 43,000-square-foot store in Fishers near State Road 37 and 126th Street in the Reynolds Industrial Park and close its existing north-side location.
Florida cigar bar commits to high-profile Circle Centre corner
Burn By Rocky Patel has agreed to take 5,500 square feet at the corner of Meridian and Maryland streets as mall operator Simon Property Group continues to fill spaces left by the departure of Nordstrom.
Noble Roman’s dumps take-and-bake restaurant strategy for new concept
The company said it took a $1.4 million loss in the third quarter from discontinuing operations in its standalone take-and-bake restaurant operations. It plans to focus on a new restaurant concept that will debut in January.
Broad Ripple bonanza: Four new shops slated for same block on main drag
The 900 block of Broad Ripple Avenue is about to get a makeover with a slew of new retail and restaurant tenants, including a pizzeria, sandwich shop and women’s boutique.
Dirty linen: Bed sheets scandal roils major U.S. retailers
A team of investigators spent the summer trying to answer what should have been a simple question: What were hundreds of thousands of sheets sold by big retailers like Target and Walmart actually made of?
After slow stretch, Southport’s commercial core sparks with new projects
Sophia’s on Southport Road near Madison Avenue is opening ahead of a big expansion for a dental claims processor and the construction of an $11 million senior living facility.
J.C. Penney cuts sales forecast as turnaround bid stumbles
Shares of J.C. Penney slumped Friday after the department store chain with five local stores reported sluggish third-quarter sales, particularly in apparel, and cut its forecast for the remainder of the year.
Long Branch in Fall Creek Place, Joella’s set for openings
Long Branch, an Asian-inspired eatery, plans to begin serving entrees at 22nd and Delaware streets on Saturday, while Joella’s Hot Chicken prepares to open on East 96th Street early next month.
Sixteen Indy-area Popeyes acquired by franchise group
Indiana-based Womack Restaurants began its association with the Atlanta-based chicken chain in 2014 and also has locations in Missouri, Kansas and Oklahoma.
Kohl’s shares soar on quarterly profit growth
The retailer, which operates 14 stores in the Indianapolis area, recently bought a massive distribution center in Plainfield that it plans to use in its strategy to boost online sales.
Two projects on main drag could add more housing to hot neighborhoods
One development on Virginia Avenue calls for 74 apartments in Fountain Square while the other would bring ritzy condominiums to Fletcher Place.
LISC’s Bill Taft empowers residents to revitalize struggling neighborhoods
Taft’s lifelong commitment to urban neighborhoods has earned him the distinction of being the 23rd recipient of IBJ’s Michael A. Carroll Award.
$7M project restores luster of storied office tower
Banker J.F. Wild had the limestone building constructed in 1923 to house his growing financial institution. Developer Loftus Robinson has just spent two years reversing decades of neglect.
Carmel’s Midtown project finds its momentum
It took nearly two years to finalize design and financing for the first phase of Midtown, but its developer predicts that other components will fall into place quickly now that construction has started.
Walker Information unveils design of new $12M headquarters
The 55,000-square-foot building will be developed by PK Partners LLC as part of its $80 million River North mixed-use development near The Fashion Mall.
Thanksgiving Day shopping is here to stay, but with some tweaks
Thanksgiving Day shopping isn’t going away, but some stores are rethinking their strategies on whether it makes sense to be open on the holiday itself.