Roundup: Soup joint, Ethiopian eats and relocations
Soupremacy is set to take space just off Monument Circle vacated by Teapots n Treasures, which moved a couple of blocks away, while Ambrosia settles into new digs in Broad Ripple.
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Local developer plans six-story office building in Castleton
Edgeworth Laskey Properties LLC, which has developed three buildings within Allison Pointe Park, bought the 10.5-acre parcel along Interstate 465 from a suburban Chicago company.
Summit partners seek tax break for $14M distribution facility
They plan to spend $14 million to build the 542,000-square-foot warehouse on 33 acres on the city’s west side. One condition of the tax abatement is finding a user that would create at least 50 jobs by 2018.
Startup bakery seeking tax breaks on $78M project
Dallas-based Specialty Bakery LLC plans to build a 226,778-square-foot production and distribution facility in southwest Indianapolis that would create 241 jobs by 2018.
Judge sentences attorney Page to probation, fine
Attorney and real estate developer Paul J. Page will serve two years of probation and pay a $10,000 fine for concealing the source of a $362,000 down payment on his purchase of a state-leased office building in Elkhart.
Discount retailers, grocers await impact of food-stamp cut
With an estimated 8 percent of shoppers using food stamps, the impact will probably be felt most acutely by discount retailers such as Dollar General Corp., Family Dollar Stores Inc. and Wal-Mart Stores, analysts say.
Kite reports smaller quarterly loss on much higher revenue
The Indianapolis-based real estate investment trust said that it lost $900,000 in the quarter, compared with a loss of $3 million during the same period a year earlier.
Conference eyes preservation as development tool
A national gathering of preservation experts this week in Indianapolis are toasting some of the success stories historic preservation can foster by helping spark revitalization in neighborhoods and city centers.
Tireless agent Bif Ward closing in on $1B milestone
For 34 years, Ward has been selling homes in the Indianapolis area, often to the city’s elite, racking up 12-hour days during her busiest times.
Owners of doomed Di Rimini ready to present new design
New developers hope to begin renovating the eyesore at 733 N. Capitol Ave. as soon as their design gets approval from the city’s Regional Center Hearing Examiner.
HHGregg shares slump as profit, sales weaken
HHGregg Inc.’s revenue fell in its latest quarter as the Indianapolis-based electronics and appliance retailer saw a decline in sales of televisions and computers.
Duke Realty reports smaller loss on gains from property sales
The Indianapolis-based real estate firm held steady in the third quarter, maintaining high occupancy in its commercial buildings and increasing funds from operations.
Preservationists float ideas for reusing City Hall
An upscale hotel, a brewery and an event center were among the proposals suggested by members of the National Trust for Historic Preservation. The group is holding its annual conference in Indianapolis for the first time.
Four local firms vying to redevelop GM stamping plant site
At least one of the proposals for the site, which has been vacant since 2011, would create a suburban-type office park in an urban environment.
Marion County, Simon tangle over value of malls
A years-long fight between Marion County and mall developer Simon Property Group Inc. has moved to the Indiana Tax Court as a judge weighs vastly different estimates of the values of Lafayette Square Mall and Washington Square Mall.
Clock change means extra hour for Indiana bars
Indiana bars and liquor stores will be able to stay open an extra hour this weekend as daylight saving time ends for the year.
Apartments planned for Virginia Avenue office building
The family partnership that has owned the four-story building since the 1980s is converting it from office to residential use, with plans for five apartment units and 700 square feet of retail.
Tom Wood dealership snaps up 15 acres near Anson
The local auto group that sells 14 car brands could move its Toyota dealership from Lafayette Road to the Zionsville site, where the population is growing thanks to the Anson development.
Downtown Westin Hotel to kick off $14 million renovation
The four-star establishment plans to overhaul all 13 floors and 573 guest rooms, beginning in November, as its competitors trigger similar upgrades.
Simon ups dividend after results top analysts’ expectations
Strong demand for space in Simon’s outlet malls helped boost occupancy at its U.S. properties to 95.5 percent, up from 94.6 percent a year earlier.