TWG embarking on $24.4M housing project in Michigan
The city of Lansing has chosen the Indianapolis-based comapny to redevelop the former Michigan School for the Blind into a mix of affordable and senior housing.
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Company pitching ‘upscale’ storage facility on downtown lot
A local company wants to build the $8 million, three-level facility on land that once housed part of the Payton Wells Chevrolet dealership.
CEO behind $500M airport proposal has mixed track record
The top executive at an Indianapolis start-up that wants to build a $500 million medical complex at the Indianapolis International Airport launched a 200-location Dunkin' Donuts business that went bankrupt in 2009 and he filed for personal bankruptcy in 2013.
Bids to develop IPS Mass Ave site top out at $260M
The proposals for the highly visible, 11-acre site suggest a host of office, retail and housing options, with two calling for a boutique-style hotel.
Tim Hortons targets Indianapolis as part of expansion plan
Coffee and doughnut chain Tim Hortons, a cult favorite in its Canadian homeland, is counting on Indianapolis as it makes a bigger push into the United States.
CEO Dennis May steps down at struggling HHGregg
The Indianapolis-based appliance and electronics retailer, which has seen its sales plummet in recent years, named Chief Financial Officer Robert Riesbeck as interim CEO. May had been with the company since 1999.
Eight buildings change hands in local real estate deal
A commercial real estate package consisting of eight warehouses and 42 acres of land in the Indianapolis area has been acquired in a deal estimated to be worth more than $144 million.
Meijer store among slew of new projects in McCordsville
The population of the town near Geist has grown in the past decade to the point that it's starting to attract big projects, including the Meijer store.
Roundup: High-profile Perkins in Castleton slated for demolition
The restaurant will be razed by landlord Kite Realty Group, which then plans to build a strip center on the property at the busy intersection of Allisonville Road and East 82nd Street.
Kroger to offer anti-overdose drug without prescription
The supermarket chain will make naloxone available in its pharmacies across Ohio and northern Kentucky, a region hard-hit by deadly heroin.
Milhaus touts tech-focused offices, 450 residential units for Mass Ave site
High-profile startup High Alpha is helping Milhaus Development identify potential anchor tenants for the office portion of its proposed 825,000-square-foot project along downtown’s Massachusetts Avenue.
Area home sales slumped in January after strong 2015
Sales of existing homes in central Indiana plunged nearly 10 percent in January as the number of properties on the market tumbled by an even greater percentage.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Muncie seeking developer for $48M riverfront project
The city of Muncie has released details of what it wants developers to build as part of a $48 million plan to develop its riverfront.
Fresh Market shares jump after report Kroger could buy chain
The possible acquisition is not a complete surprise. Fresh Market has been trying to get someone to save it for months now, and Kroger has been on an aggressive acquisition spree.
Developer plans $25M hotel, conference center in Plainfield
A local hotel developer plans to build the 175-room Embassy Suites near the town’s Interstate 70 interchange and Indianapolis International Airport.
Steak n Shake ups ante in cheap-food strategy
The burger chain in November announced that it recorded a 3 percent increase in same-store sales in the third quarter. It was the 27th quarter in a row in which same-store sales rose compared with the same period a year earlier—a stunning run of success in the topsy-turvy world of restaurants.
New-home buyers start off 2016 just like last year
Builders in the nine-county area filed the same number of single-family construction permits last month as they did in January 2015.
Mixed-use project designed to boost Brownsburg moves forward
Town officials hope the project, which will feature 220 apartment units and could cost $60 million, will transform its downtown into a hub of residential and retail activity.
Preservationist group lauds developer’s decision to save building
The firm that’s building 30 apartments near the Madame Walker Theatre is integrating the Willis Mortuary building into the project after initially planning to demolish it.