The city hopes to seek bids to redevelop land along East Washington Street that is part of the four-acre P.R. Mallory industrial complex. Real estate experts say an affordable housing project might make the most sense.
After the final buyouts, a total of 107 homes will have been razed with about $8.5 million in federal funds.
Genesco’s hat unit now has reported four consecutive quarters of declining same-store sales—an unusual malaise for a business that from 2001 to 2006 posted a miraculous 19 straight quarters of increased same-store sales.
The Indianapolis grocery market is about to become even more competitive, as discount giant Wal-Mart embarks on a strategy to offer consumers a store design much cozier than its cavernous supercenters.
Fast-food workers in 50 U.S. cities, including Indianapolis, plan to walk off the job Thursday in an attempt to ratchet up pressure on McDonald’s Corp., Wendy’s Co. and others to raise wages.
A former office and warehouse is being converted into a modestly priced hotel along West 16th Street, about a block east of the Stadium Lofts project.
Count ’em. Five years in a row that Bif Ward has led the All-Star Teams. In 2011 and 2012, the F.C. Tucker Co. team raked in $104.5 million, up from $94.5 million in 2010 and 2011.
Scott Wynkoop placed first for a second year in a row in IBJ’s annual list of All-Star Agents. Wynkoop sold $56.9 million worth of homes in 2011 and 2012, up from the $45.7 million he sold in 2010 and 2011.
Rich and Renee Ackley’s home live both large and small, large because of its 10,000 square feet, and small because of its “fairy garden.”
Out-of-state builders scooped up lots during the housing downturn, and now are watching their gambles pay off as they become major local players.
High net farm income, low interest rates and high farmland demand with supply combined to increase land values upward by 14.7 percent to 19.1 percent, depending on productivity, according to the study.
The acquisition of the 450,000-square-foot distribution center is another sign of the improved health of the Indianapolis area’s industrial market.
The private university is slated to finish improvements soon to 90 acres of land it owns west of the Central Canal that should help alleviate parking problems and give the public better access to the waterway.
A real estate firm with growing holdings in the Indianapolis area has purchased a 1.1 million-square-foot distribution building in the AmeriPlex at Indianapolis business park.
Two proposals to add much-needed downtown housing for the homeless have the support of city officials, but one of the projects is drawing stiff resistance from neighbors concerned that it will create a host of safety issues.
Mayor Greg Ballard takes pride in Rebuild Indy, the city’s nearly $400 million program that doubled the volume of public works projects—and became engineering and construction firms’ largest business opportunity with the city in more than a decade.
Redevelopment of a long-abandoned historic building on North Capitol Avenue is beginning to take shape and is just one of several projects that could help transform the three-block stretch.
The Indianapolis-based appliance and electronics retailer’s stock hit a sort of milestone Tuesday, closing above $18 for the first time since early 2011.
Lincoln Square Pancake House has opened its eighth central Indiana location, at 2330 N. Meridian St. in the former home of a furniture shop next to Mercedes Benz of Indianapolis.
