Short-term leases help small firms grow
Certain companies don’t like committing to the usual five-year-or-longer leases, because they’re not comfortable predicting how much space they’ll need that far in the future.
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Hoover steps up Patachou expansion
Running 11 restaurants keeps Martha Hoover hopping. But the matriarch of the Patachou family is adding even more to her plate.
Local Realtors’ group getting first new leader since 1990
The MIBOR Realtor Association on Thursday announced that Shelley Specchio will become CEO on Feb. 1, succeeding the retiring Steve Sullivan.
Local builders see big surge in demand for new homes
Permit filings through November have already exceeded the number filed in all of 2015 and surpass the total of any single year since 2007.
Historic Martinsville buildings part of $8.4M senior-housing project
A redevelopment of the three buildings, led by Flaherty & Collins, will make way for 38 apartment units for residents 55 and older. The project pays homage to Martinville’s history as a mineral-springs hotbed.
Revamp of Broad Ripple Steakhouse building in works, plus office project
The owners plan to renovate the building to attract a new restaurant and demolish the site of a hookah bar to the south to construct an office building.
Fishers neighborhood to be razed for massive ‘culinary’ development
A 17-acre project called The Yard would be located next to Ikea and include numerous lots for restaurants, a culinary incubator and possibly a dinner theater. It could cost $40 million to $60 million to develop.
Three area Sears stores set to close in January
The stores are all operated by Sears Hometown and Outlet Stores Inc., a struggling public company that was spun off by Sears Holdings Corp. in 2012.
Owner of historic Rivoli Theatre hits revival milestone
The Rivoli Center for the Performing Arts says it has raised more than $500,000—hopefully enough to cover the cost to replace the rest of the structure's roof.
Developer betting on smaller warehouses to meet industrial demand
RAS Development broke ground Monday on a 64,000-square-foot distribution center on the northwest side and could build two more that would be similar in size.
Scotty’s Brewhouse founder completes sale of 17-restaurant chain
A Scottsdale, Arizona-based company announced Friday that it has closed on its acquisition of Indianapolis-based restaurant chain Scotty’s Brewhouse. IBJ first reported the deal in October.
City shifts more TIF risk onto developers
The Hogsett administration has begun using TIF financing for neighborhood projects, but the developers have to agree to back the bonds.
Zionsville using aesthetics to give office park competitive edge
Creekside Corporate Park, which is filled with trees and a mile of winding trails, could accommodate more than 400,000 square feet of office space.
Finish Line proves again how hard it is to diversify
Finish Line's decision to give up on its JackRabbit running-shoe chain and try to find a buyer marks the fourth time the company has stumbled badly while trying to diversify.
Starbucks’ plan to win lunch crowd may be tough task for new CEO
Starbucks Corp. wants to persuade its coffee-loving customers to come back for lunch, after stumbling several times in previous attempts to expand its food offerings.
Preservation commission holds off on decision for Chatham Arch project
The Indianapolis Historic Preservation Commission wants the developer of a proposed mixed-use project including condos, town houses and single-family dwellings to take another shot at addressing commissioners’ concerns.
Sonic cooks up new plan to blanket Indianapolis area with drive-ins
Sonic is the nation’s largest drive-in chain and has solid name recognition, but has struggled to gain a major foothold in central Indiana.
Enterprise gets OK to rent cars from unlikely Broad Ripple location
The company received approval Tuesday from a city zoning board to establish an outpost atop the underutilized parking garage at College Avenue and Westfield Boulevard
UPDATE: Forest Alliance sues to stop Crown Hill cemetery project
The controversy over the U.S. Department of Veterans Affairs’ plans to develop a military cemetery on 15 wooded acres north of Crown Hill Cemetery has ended up in court.
Milano Inn to close after more than 80 years
The sisters who co-own the restaurant say they’re in negotiations to sell it and will serve their last customers on New Year’s Eve.