Apartment project planned for south end of Monon
The local arm of a California-based developer of affordable housing is planning to invest up to $10 million in a 60-unit complex at 20th Street and the Monon Trail.
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Mall owner Simon Property Group to sell $1.2 billion in debt
Indianapolis-based Simon Property Group Inc. on Thursday said it plans to sell $1.2 billion of new debt to repay older debt.
Newcomer Jos. A. Bank fuels hope for street-level retail
The 500-location menswear chain Jos. A. Bank is opening a street-level storefront location on a once-blighted block of East Washington Street, and the vote of confidence from such a growing national retailer could help persuade other stores to give downtown a look.
My Toy Garden wades into specialty retail business
A teacher for 17 years, Carmel resident Janet Pillsbury opened her store in September to give shoppers more options.
City balks at Jack in the Box plans for Meridian Street site
Urban design guidelines prohibit new drive-throughs along Meridian or Pennsylvania streets in the downtown vicinity.
Civic leaders urge Ballard to tackle woes facing urban core
Community leaders are coalescing around a three-prong strategy to attract residents and capital to neighborhoods from just outside downtown to the borders of Interstate 465. It’s not yet clear whether all the initiatives will have the full support of Indianapolis Mayor Greg Ballard.
Obscure not-for-profit covering shortfalls in Carmel
The Carmel City Center Community Development Corp. has emerged as a key player in the city’s burgeoning downtown. The not-for-profit 4CDC last month gave the performing arts center $1 million to cover its operating expenses, and it’s expected to provide another $4.5 million through June 30.
State scrutinizing Village Pantry for workers’ safety
The Oct. 21 shooting of a clerk at a north-side Village Pantry came just four months after the convenience-store chain settled allegations by state inspectors that another of its Indianapolis stores failed to establish and maintain “reasonably safe” working conditions.
Area home-sale deals show another monthly increase
In the nine-county metropolitan area, sale agreements for existing homes climbed nearly 12 percent, to 1,541, in October, an increase of 163 from the same month last year.
Default notices, home seizures climb in Indiana, nation
Indiana outpaced the rest of the nation last month in the number of default notices sent to delinquent homeowners and the amount of homes seized as U.S. foreclosure filings rose to a seven-month high.
Fledgling doughnut maker Virginia Kay’s calls it quits
Virginia Kay's, a year-old Indianapolis-based doughnut manufacturer that opened a cafe at 2402 N. Meridian St. in September, has gone out of business.
Planners balk at proposed Jack in the Box on Meridian
The city's planning staff is recommending denial of a variance request for a Jack in the Box restaurant proposed for Meridian Street just south of 16th Street.
Area residential building permits up in October
Double-digit increases in permit filings the past three months have residential construction activity in the Indianapolis metropolitan area in position to surpass last year’s pace.
Fun with renderings: New Hoosier Park OTB facility
Hoosier Park Racing & Casino's new Winners Circle Pub, Grille & OTB is taking shape in a $3 million renovation at 20 N. Pennsylvania St.
Farmland values may extend record, banker chief says
Record-high U.S. farmland values may keep rising as global demand for agricultural products increases, according to S. Joe DeHaven, the chief executive of the Indiana Bankers Association.
Broad Ripple buildings slated for office conversion
Kyle Robinson and Drew Loftus are in the process of buying and rezoning a trio of vacant, connected buildings at 6334 Westfield Blvd., where the Monon Trail crosses the canal.
West-side Godby building in foreclosure
A building at 4701 Rockville Road, owned by local businessman Thomas Godby, is the target of a $2 million foreclosure suit filed by Old National Bank. The building’s tenants include Tony Stewart Racing Enterprises and Sara Fisher Racing LLC.
New booze permits unleash gold rush
The Indiana Alcohol & Tobacco Commission plans to sell up to 101 new three-way restaurant permits for Marion County at an auction Nov. 18. The offering follows a recalculation—using fresh U.S. Census numbers—of how many permits should be distributed in the city.
Carmel resident takes entrepreneurship plunge with Amy’s PJs
Amy Graham left her job as marketing director of a plastic surgery practice early this year to pursue her dream of running a high-end pajama boutique.
Duke Realty’s massive office sale wins praise on Wall Street
Investors have bid up shares of Duke Realty 13 percent since the company announced it was selling a huge portfolio of office buildings for $1.1 billion.