Fountain Square project would need city subsidy
Three proposals to develop a city-owned parking lot come with the caveat that they’ll likely need city assistance ranging from “very little” to “a lot.”
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Carmel complex’s new owner plans major upgrade
Zeller Realty Group has acquired the 300,000-square-foot Meridian Plaza right on Carmel’s front door step, and is gearing up for a $4 million revamp.
Holiday sales could ride on lower gasoline prices
Many retail analysts have forecast a ho-hum sales gain of about 2 percent this year; others predict an increase of up to 3.9 percent. But steadily cheaper gas could send holiday sales shooting above 5.4 percent, analysts say.
U.S. home permits rise at 5-year high on apartments
U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.
Roundup: Specialty grocer, Italian and Thai eateries, and new nano-brew concept
Fresh Thyme prepares to enter the Indianapolis market while Wal-Mart pushes its Neighborhood Market concept. Also, Olive Garden expands and a Thai restaurant opens downtown.
Finish Line shares continue climb after upgrade
Two investment analysts raised their ratings for Finish Line on Monday, saying the Indianapolis-based athletic shoe and clothing retailer has the opportunity for margin recovery and a stronger online performance.
New Carmel company to boot J.C. Penney off S&P 500
J.C. Penney, which is trying to bounce back from its worst sales year in two decades, will be replaced by Carmel-based electronic security company Allegion, which is being spun off by Irish industrial conglomerate Ingersoll-Rand Plc.
Americans reluctant to spend on holidays without big deals
Since the recession began in late 2007, stores have had to offer financially-strapped Americans ever bigger price cuts just to get them into stores. But those discounts eat away at profit.
Gershman co-founder goes solo
A heavy hitter among commercial real estate developers has left the firm he helped found more than 20 years ago, to start his own company, and has taken most of its employees with him.
Home builders race to meet demand
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
‘Wedding cake’ house gets new residents after long vacancy, suspected arson
The historic Kemper House on North Delaware Street is no longer vacant, occupied by a couple who would seem to be ideal residents.
Northwest Indiana restaurants part of El Rodeo raids
The raids at La Carreta restaurants in Merrillville and Schererville were part of a larger investigation that targeted El Rodeo restaurants in the Indianapolis area, Lafayette, West Lafayette and Richmond.
$12M apartment project serving homeless vets
The $12 million, 75-unit complex officially opened Tuesday on the city’s near-west side as the first supportive housing facility for homeless veterans.
New Eskenazi hospital offers heavy dose of artwork
At 1.3 million square feet, the new hospital has plenty of room to display art, most of which was purchased with contributions from donors. The hospital is set to open Dec. 7.
Preservationists seek expanded tax credit program
Advocates of historic preservation made a pitch Monday for an expanded tax credit program to help developers invest in older buildings – particularly in small downtowns.
Police raid El Rodeo restaurants in several counties
The Marion County Prosecutor’s office led a multicounty police raid at lunchtime Monday that closed numerous eateries in the El Rodeo Mexican Restaurant chain.
Irvington group’s plan for historic building reduced to rubble
Strong storms that blew through central Indiana on Sunday toppled much of the two-story former post office building, which had withstood the tests of time for 110 years.
CityWay project takes top Monumental Award honor
The Indy Chamber presents the awards that honor significant achievements in architecture and design. Buckingham Cos.’ CityWay also won in the Public Art category.
Study: Downtown can sustain huge apartment boom
About 3,500 rental units are expected to be built downtown by 2017, adding to 4,700 already on the market. But the analysis says there’s no need to worry about overbuilding.
Tipton County won’t stop work at Chrysler plant over permits
Three residents have appealed the Tipton County planning director’s decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.