Mexican eatery in Castleton moving to make way for retail project
The building housing Los Cabos Mexican Grill on East 82nd Street will be demolished in favor of a retail development occupied by two major eateries.
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Activist asks Simon Property competitor to consider sale
Shares in Taubman Centers Inc. surged Wednesday, one day after Jonathan Litt, an activist investor known for targeting real estate companies, pushed for the mall owner to cut costs or consider a sale of the company.
Phoenix Theatre casts $1M gift for new downtown complex
The gift from the Allen Whitehill Clowes Charitable Foundation gets the theater closer to its $8.5 million goal for funding construction of a new home on North Illinois Street.
Area home-construction filings rise for 10th straight month
Home builders filed 462 single-family construction permits in the nine-county area last month month, a 15 percent increase over the 403 they filed in September 2015, the Builders Association of Greater Indianapolis said.
Outreach center for homeless youth under way but still needs boost
The not-for-profit Outreach Inc. has started construction on the $3.3 million facility on the near-east side and hopes donors can come through with the final $300,000.
Rocket 88 closes doughnut shops in Fountain Square, SoBro
In a Facebook post, the owner said he will now be focusing on a new business, Square Cat Vinyl, where “we won’t be serving doughnuts, but we will be serving vinyl records, coffee, and beer.”
Mainstreet accused of not paying nearly $2M in fees to adviser
A Chicago investment broker says the Carmel-based developer of transitional care properties is refusing to pay up for lining up a major investor in several projects.
O’Malia’s store on south side closing in November
After the store on South Meridian Street shuts its doors next month, just one O’Malia’s grocery will remain.
Developer Allen plans $2.6M project in Greenwood
Called Greenwood Business Center, the development is planned for an 11-acre site about a quarter-mile east of Interstate 65.
Developer saves Phillips Temple, converts it into apartments
Van Rooy Properties purchased the nearly century-old landmark last year and embarked on a $6 million project to bring 40 market-rate units to the site at 1226 Dr. Martin Luther King Jr. St
Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Broad Ripple Brewpub owners branching out to East 10th Street
John and Nancy Hill are purchasing a 96-year-old building and plan to open a restaurant and taproom in the up-and-coming corridor near downtown.
Stenz starting $4M second phase of Dorman project on East 10th Street
The second piece of the project a stone’s throw from the massive Coke plant redevelopment on Mass Ave will feature townhomes and a 6,000-square-foot retail and office building.
Senior-living developer planning $45M expansion in Zionsville
Indianapolis-based BHI Senior Living is opening part of its 300-acre Hoosier Village campus for 150 deluxe duplex units to be pitched to baby boomers.
New restaurant planned for Circle City Industrial Complex
The Convivial Community Bar—slated to open in spring 2017—will be on the south end of the complex with a patio along East 10th Street, just off the Pogue’s Run Trail.
Indiana Landmarks mounts campaign to restore historic clock
Historic preservation not-for-profit Indiana Landmarks is leading a fundraising campaign to restore the 80-year-old “Ayres clock” mounted on the corner of Circle Centre mall at Washington and Meridian streets.
Developer continues to revive intersection north of East 16th Street
Now that Cannon Ball Brewing is close to opening in the suddenly hot area, Reveal Properties is beginning to renovate an adjacent building on Bellefontaine Street for office and restaurant use.
HHGregg to close for Thanksgiving
"It's time to stop the madness," said CEO Robert Riesbeck, who noted that the appliance chain wasn't seeing a huge spike in business on the holiday anyway.
Ivy Tech plans to sell classroom site in Madison County
Ivy Tech's state board has approved a resolution to sell what is known as the Anderson North Campus near Alexandria.
Scotty’s Brewhouse founder negotiating to sell stake in chain
The deal with an Arizona-based private-equity firm could take the small Indianapolis-based chain to 200 restaurants within the next four years, including locations in Japan.