Northside office complex might fetch more than $40M
The three buildings near I-465 and North Meridian Street that make up Meridian Corporate Plaza were lost by Lauth Investment Properties LLC in its bankruptcy reorganization.
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Aging east-side shopping center to be redeveloped
A local developer has received city approval to rezone 10 acres at Fall Creek Parkway and East 56th Street as part of a plan to demolish a mostly vacant retail center and replace it with a 42,000-square-foot anchor grocery store and other shops.
Promoters of arts trail recast vision
A mural slated for one wall of the Broad Ripple parking garage will be the first new artwork within view of the Central Canal Towpath, which a group of north-side institutions would like to rebrand as the Art2Art trail.
Auto dealers turn bullish, snag sites
Local car dealers are investing in projects ranging from new facilities to showroom renovations as the economy improves and the auto industry rebounds from a crippling slump in sales.
Brewery planned for former downtown winery building
A local restaurateur is renovating 7,300 square feet of space in the former Chateau Thomas Winery building at the south end of downtown and plans to open Tow Yard Brewing by late summer.
Kokomo eatery featured on ‘Restaurant Impossible’
Ducky’s Family Restaurant had been a staple in Kokomo for 50-plus years, but recent struggles earned it a spot on the Food Network’s “Restaurant Impossible.”
Cell phone retailer to establish Carmel office, hire 145
One of the largest private firms in Indiana, Moorehead Communications will occupy a 47,000-square-foot building that it acquired earlier this year. The project will run about $5 million.
City proposes historic district for Monument Circle and nearby area
The Indianapolis Historic Preservation Commission is proposing to take under its jurisdiction 90 buildings on and near the Circle, giving the city stricter control over signage and other changes to building exteriors.
Big Red Liquors buys south-side building for HQ
The Bloomington-based company followed its acquisition of United Package Liquors by acquiring a vacant, 33,000-square-foot building on U.S. 31.
Finish Line sees profit slip on Macy’s costs
In addition to announcing quarterly results, the retailer said longtime president and chief operating officer Steve Schneider will move into the position of executive vice president of strategic initiatives.
Mel Simon estate quietly showering charities with millions
The estate earmarked at least $1 million for nine recipients, from Butler University and the Indiana University Foundation to The Children’s Museum of Indianapolis, the United Way of Central Indiana, and the James Whitcomb Riley Memorial Association.
MCL enlists star power for TV commercials
Last month, Los Angeles-based film producer/director Steve Zukerman filmed commercials inside an MCL Restaurant and Bakery at Allisonville Road and 86th Street and in the Carmel Arts & Design District.
Roundup: Ambrosia, Jockamo, Square Donuts
Moves by a trio of local restaurants and replacements for two vacated downtown eateries lead off the latest retail roundup.
More upgrades in store for downtown’s Cadillac Building
The building owner is opening window coverings that had been sealed shut, a move that will make the property more attractive to a retailer. A huge apartment project underway nearby is giving the area a lift.
Ice Miller, Bingham firms reduce downtown office space
Ice Miller gave up two floors at the OneAmerica Tower and Bingham Greenebaum Doll one floor at Market Tower as they and other law firms search for ways to cut costs in a highly competitive market.
Symphony conductor Urbanski, wife settle in at CityWay
The Indianapolis abode of Polish-born conductor Krzysztof Urbanski and his wife, Joanna, is nice but a bit on the small side—a 1,376-square-foot apartment inside downtown’s new CityWay development.
Second-home sales rebounding with broader market
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
Neal Brown out, Late Harvest chef in at Nora development
Ryan Nelson, chef/owner of Late Harvest Kitchen, plans to open a barbecue restaurant at PK Partners’ Nora Shops West project after Neal Brown of Pizzology backed out of his deal.
REITs tumble most since 2011 on concern of rising rates
Shares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis, saw their shares drop on Wednesday.
Law firm taking former Borders coffee shop space
Barnes & Thornburg LLP, which owns the building at the high-profile corner of Washington and Meridian streets, plans to convert the vacant space to a reception area.