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.
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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.
Southeast-side Kroger anchoring $30 million retail project
The 100,000-square-foot supermarket under construction at Southport and Franklin roads is part of a larger development that will include national eateries and other retailers.
East-side St. Clair Place surging to housing revival milestone
With assistance from Near East Area Renewal, the neighborhood has seen 90 new or refurbished homes come on the market since 2010. And that number is expected to grow to 100 next year.
HHGregg posts steep quarterly loss on falling sales
The Indianapolis-based appliance and electronics retailer suffered another money-losing quarter, though its strategy to focus more on appliances is making headway.
Steak n Shake rebounds to post small same-store sales increase
Sales at established Steak n Shake restaurants rose slightly in the latest quarter following disappointing results last period that snapped a streak of 29 consecutive quarterly increases dating to 2009.
Indy-based produce distributor Caito Foods selling for $217M
Michigan-based SpartanNash said part of the allure of Caito was its newly built, $32 million "Fresh Kitchen" in Indianapolis, which will process, cook and package fresh protein-based foods and complete meals.
Star Plaza Theatre in northwest Indiana to remain open
The owners of a 3,400-seat theater in northwest Indiana that has featured top entertainers such as Bob Dylan, Jerry Seinfeld and Chris Rock have changed plans and won't demolish the facility.
Holiday sales are projected to go up, but malls might not benefit
Upbeat holiday shopping forecasts are giving retailers reason to cheer despite nagging signs that consumers are spending less at malls and instead opting for online outlets.
Here’s how Cubs championship hats get to stores so fast
Cubs fans had been waiting more than a century for this triumph, and the rush for celebratory merchandise is on. Zionsville-based Lids Sports Group is using extra workers to make sure key stores have caps available as soon as possible.
Roundup: Three new eateries coming to Mass Ave; ThinkGeek opening two stores
A Thai restaurant, a bistro and an eatery that offers fresh-pressed juice are on tap for the Mass Ave district, while the Geek-themed retailer gears up to open outlets in area malls.
Athenaeum named National Historic Landmark
A downtown Indianapolis landmark designed by the grandfather of "Slaughterhouse-Five" author Kurt Vonnegut has been named a national historic landmark.
Finish Line seeking buyer for its JackRabbit stores, sources say
The specialty running-shoe division, which operates 70 stores under various names, could draw interest from private equity firms and other sporting-goods chains.
Founders of The Kitchen opening bistro on Mass Ave
The yet-to-be-named restaurant will occupy 5,500 square feet in Gershman Partners’ Marietta building under construction next to the Marott Center.
Buffalo Wild Wings-owned taco chain targets Indianapolis for expansion
Buffalo Wild Wings hopes to open 15 to 20 R Taco locations in the metropolitan area as soon as possible and is seeking franchisees with multi-restaurant experience to lead the growth.
UPDATE: Johnson Memorial plans $42M overhaul of Franklin campus
In the largest project in its history, Johnson Memorial plans to demolish its old hospital building and construct two new health care facilities.
North-side apartments change hands in $70M-plus deal; $10M rehab begins
Local firm Birge & Held Asset Management bought the property on East 82nd Street and is starting to renovate all 740 units—a task expected to present some logistical challenges.
Developer aims to convert historic downtown building into 110-room hotel
The firm has purchased One Jackson Square and is in discussions to brand it a Canopy by Hilton. The fate of first-floor restaurant tenant Ike & Jonesy’s has yet to be determined.
HHGregg fires merchandising chief as revolving door continues
Keith Zimmerman had been with the struggling Indianapolis-based chain since December 2014. A senior executive said HHGregg has begun the search for a new chief merchandising officer who will "move a little faster" and bring greater creativity to the job.