UPDATE: Expert testifies Fogle frequented prostitutes
A psychiatrist said Thursday during the sentencing hearing for Jared Fogle that the former Subway pitchman suffers from hypersexuality, pedophilia, and alcohol abuse and dependency.
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Rezoning for $17M north-side senior facility moves forward
The Metropolitan Development Commission voted 6-2 in favor of Stonecrest Senior Living’s request to rezone 4.8 acres of wooded wetlands at the southeast corner of 86th and North Meridian streets.
Target, Wal-Mart see online sales growth slow in ominous sign
Both retailers are investing heavily in e-commerce operations, but the deceleration in online sales growth underscores the challenge of competing with Amazon.com, the world’s largest Internet retailer.
Veteran jeweler Thrapp retiring, closing shop
Gary Thrapp will wind down operations at his north-side store at 56th and Illinois streets with a going-out-of-business sale starting Thursday.
Controversial senior facility at 86th and Meridian up for zoning vote
The decision by the Metropolitan Development Commission on Wednesday would pave the way for construction of the 85-unit facility at one of the city’s most traveled intersections. Neighbors fiercely oppose it.
$8.5M apartment project could help revive near-west side
The Westside Community Development Corp. is proposing to develop the 56-unit affordable housing project along Michigan Street as part of a larger effort to rejuvenate the area.
Zionsville panel OKs rezoning plan for new town hall
The Zionsville Plan Commission approved a rezoning request Monday night that paves the way for a new municipal building and commercial development on the 6.85-acre site that is occupied by the current town hall.
Kentucky firm proposes $5M senior living facility in Fishers
The community would take shape on 9 acres near the southwest corner of Allisonville Road and 146th Street.
Indy-area home deals duck for seventh straight month
Pending sales of existing homes in the metro area fell 15.3 percent last month compared with October 2014, according to F.C. Tucker Co. Sale prices rose against shrinking inventory.
U.S. retail sales crawl upward, led by online shopping
The Commerce Department said Friday that retail sales rose a seasonally adjusted 0.1 percent last month, after being unchanged in September and August.
Hotels, retailers expected to follow Ikea to Fishers
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.
Roundup: Breakfast eatery opening downtown; Crackers set for new locale
The restaurant will take space in the first phase of Pulliam Square, north of The Tap, while Crackers Comedy Club will reopen downtown, about a block south.
Kroger plans $178 million acquisition of Roundy’s
Kroger will add about 150 stores in Wisconsin and Illinois with acquisition, expanding its already sizable presence in the Midwest.
Area builders see third straight rise in monthly sales
Area home builders saw a 9 percent increase in buyers in October, according to the latest permit numbers from the Builders Association of Greater Indianapolis.
Toy sales on pace for best year in a decade
The growth is being fueled by increasing popularity of collectibles, toys based on Hollywood blockbuster films and better technology that allows toys to do things like talk back to children.
CIB signs pact for $50 million Pacers practice facility
The five-story, 130,000-square-foot St. Vincent Center will be built downtown across the street from Bankers Life Fieldhouse.
CBRE’s three-year courtship of Sitehawk pays off
After becoming managing director in 2010 of the local CBRE office, John Merrill knew he needed to do something to improve the firm’s retail services. He soon set his sights on market leader Sitehawk.
City-County Council gives go-ahead to 16 Tech bonds
The City-County Council voted unanimously Monday night to approve $75 million in bonds for infrastructure improvements that should allow development of the 16 Tech innovation district to move forward.
Backlash causes Simon to reverse course on Santa glacier display
The Indianapolis-based mall owner already has reversed a decision to—in some malls—replace its traditional Christmas tree in favor of the glacier display after it received a chilly reception.
Mainstreet engineers reverse takeover of public Canadian firm
Carmel-based Mainstreet has engineered a $302.5 million reverse takeover of a Canadian long-term care company that will once again give Mainstreet a publicly traded investment firm to help finance its development projects.