Developer of Pulliam project will be first to back new city art program
As the recipient of a $1.1 million city loan, TWG Development has agreed to include public art in its mammoth project on the site of the former Indianapolis Star headquarters.
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Downtown Georgia Reese’s to be replaced with new steakhouse
Restaurateur Gary Brackett plans to replace his Georgia Reese's Southern Table & Bar in downtown Indianapolis with a steakhouse called CharBlue by the end of the year, he announced Monday.
Chief exec has big plan to revive struggling Toys R Us
The chief executive who turned around Domino’s Pizza is trying to do the same for the problem-plagued Toys R Us chain, which has several stores in Indianapolis. Toymakers have every reason to be rooting for him.
Cleveland company acquires former Navistar plant site
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Mainstreet Property affiliate plans $152M in acquisitions
The deals would swell the holdings of Mainstreet Health Investments, a publicly traded owner of senior care facilities, from 24 properties to 31. The purchases include four properties from Carmel-based Mainstreet Property Group for $92.8 million.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Coroner’s office wants out of downtown building by January
The office will likely remain in the 25,000-square-foot, privately owned building at 521 W. McCarty St. the next two years while the city explores whether to move the office or have a building constructed.
Developer revives 317-acre project for Westfield
Developer Chris R. White initially proposed the $300 million project known as Aurora in 2006 but it fell victim to the Great Recession.
Fast-casual dining chain Newk’s planning 15 eateries in Indiana
Newk's Eatery announced Thursday that it has reached a development agreement with local investors to open 15 locations in the Indianapolis area and southern Indiana over the next several years.
Tesla to open first Indy service center
The upscale electric car company plans to begin renovating a 26,000-square-foot building next month on the north side and should open the shop by the end of the year.
New wave of downtown apartment projects to test demand
Construction of Penrose on Mass, Park at Pulliam Square and the second phase of CityWay will add another thousand units by the end of 2018.
Indy cracks nation’s top 10 for tech-firm office deals
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.
Developers ironing out details on $20M housing project in Mapleton-Fall Creek
Mapleton-Fall Creek Development Corp. and Merchants Affordable Housing Corp. are closing in on a complex financing plan for the proposed low-income housing development.
High-profile chef targeting Fountain Square for Japanese eatery
Neal Brown of Pizzology and The Libertine is nearing a lease deal to occupy the former Skip’s Market building and hopes to open Ukiyo in the spring.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Opposition mounts to VA’s plan for Crown Hill columbarium
The U.S. Department of Veterans Affairs wants to build the structure on nearly 15 wooded acres owned by the cemetery, but a group led by the Indiana Forest Alliance is hoping to stop the project.
Kroger expects to earn less this year on falling prices
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Greenwood works to get neighborhood on national register
The documentation of about 300 homes and churches north of Main Street is a vital part of the effort and will be used to make a case for the historical significance of Old Town.