Groveland Capital said in a regulatory filing late Thursday: “[Steak n Shake's] operating performance with Mr. Biglari at the helm has been worse than that of those predecessors he so criticized in 2008!”
In July, Tiffany Turner and her husband, Steve Young, bought Kennedy Hardware, a three-decade-old enterprise that’s a superstar in its sales niche—supplying highly specialized bits of hardware for rehabilitating antique furniture.
Sales per square foot are down, the building itself is aging, and persuading the lone anchor, Carson Pirie Scott, to stay another three years required generous incentives.
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.
Builders filed 318 single-family permits in the nine-county metropolitan area last month, a 6-percent increase from the previous January.
The owners of the popular pie place founded in Irvington hope to have their third spot operating by mid-April, just down the street from Triton Brewing Co.
The proposal to legalize Sunday carry-out alcohol sales in Indiana now could force grocery stores and pharmacies to follow the same regulations as liquor stores.
John Morrell Food Group, one of the oldest meat manufacturing firms in the nation, plans to build and equip a massive refrigerated distribution center just east of Indianapolis.
SteadyServ, the local firm behind the iKeg smart beer-management system, now plans to move into at least six new markets outside the Midwest.
The retailer is asking the city to rezone nearly 11 acres on County Line Road near Emerson Avenue to build the store, fueling center and tire center.
The bill comes as assessors around the state worry that recent Indiana Board of Tax Review decisions in favor of Meijer and Kohl’s will force them to slash the value of big-box stores during the upcoming spring assessment cycle.
Beside beer joints, a breakfast cafe is coming to the Switch development in Fishers, while a couple of Texas Roadhouse-owned restaurants are putting down stakes on the south side.
Locally based Zink Architecture & Development is buying the vacant building near the intersection of College and Massachusetts avenues and plans to renovate it for restaurant use.
Built in 1927, the city-owned landmark has served as the Indiana Repertory Theatre’s home for 35 years. The city and the not-for-profit are working on a lease renewal.
Local preservationists are rallying to save the 101-year-old church from being razed to make way for a gas station and convenience store. Its congregation wants to start fresh in a new facility.
BHI Senior Living, an Indianapolis not-for-profit that’s spent more than half a century serving retirees, could be poised to go from incremental to exponential growth—all thanks to the aging of the baby boom generation.
Cache Inc., which has a store in the Fashion Mall at Keystone, has filed for Chapter 11 protection and might liquidate its inventory. Simon Property Group is the retailer’s largest creditor.
The restaurant chain wants to open in part of the former Nordstrom space downtown, but proposed designs have struck out with the Indianapolis Historic Preservation Commission.
Staples Inc. plans to acquire Office Depot Inc. in a deal that will reduce the U.S. office-supply industry to a single major chain and test the limits of antitrust regulators.
The new owner of the garage on East Market Street is investing $2 million to refurbish the facility in hopes of reopening it in June.
