Indy’s housing market posts strong September
In the nine-county metropolitan area, the number of home-construction permits filed last month increased 22 percent from the same month in 2010, while home-sale agreements rose 5.1 percent.
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Green roofs slow to take root in Indianapolis
Indianapolis’ movement toward installing green roofs on commercial buildings has advanced slowly but steadily, in spite of a poor economy and the availability of cheaper (at least in the short run) alternatives.
Cracker Barrel battling to keep Biglari at bay
Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.
Airport snags growing eyebrow boutique
Simply Eyebrows is joining Indianapolis International’s heralded collection of retailers.
Maregatti Interiors acquired by HKS architectural firm
Indianapolis’ largest commercial interior design business has been purchased by the national architecture firm that designed Lucas Oil Stadium.
$5.8M project slated for former BMV branch
A local developer has filed plans to build 64 apartments and a 1,700-square-foot cafe to replace a former BMV branch and parking lot at 531 Virginia Ave.
IU to dedicate $37M Cyberinfrastructure Building
The building is IU's "greenest," featuring solar panels and grounds landscaped for water capture, along with an employee bicycle garage.
Nature part of plans for former Newport Chemical Depot
Conservationists have complained that industrial development planned for part of the 7,100-acre site would destroy all but 44 acres of the state's largest restored black-soil tallgrass prairie.
Lawrence Township school district buildings in play
The district is beginning an evaluation that could result in three buildings being sold and part of another being renovated for private-sector tenants.
Housing will be initial focus of redevelopment at Winona site
The city, along with the nearby Children's Museum of Indianapolis, is spearheading redevelopment of the abandoned property where demolition began Monday. Bids to build mixed-income housing will be sought in the coming months.
Agency urges complete overhaul of Pan Am Plaza garage
Indianapolis’ Department of Code Enforcement made the recommendation Friday afternoon after citing safety concerns posed by possible structural deficiencies.
Finish Line, HHGregg step up their e-commerce strategies
Traditional retailers are trying to connect with customers, however and whenever they want to do business.
Suit alleges religious bias at Defender Direct
A religious discrimination lawsuit brought in federal court by a former Defender Direct manager has an unusual twist: The employee says she was fired for not embracing her boss’s religious beliefs. The company denies the charges.
Apartments, retail planned for Virginia Ave. corridor
Call it Extreme Makeover: Holy Rosary. Just about every building and corner along a four-block stretch of Virginia Avenue in this historic neighborhood southeast of downtown is under construction or will be soon.
Developer proposes $22M project for Keystone Towers site
The Whitsett Group LLC’s plans call for a $22 million project that would include nearly 140 apartments and a retail component on the property where Keystone Towers stood. The company submitted the lone bid to the city to redevelop the site.
Commission approves demolition for Indy East Motel
The Indianapolis Historic Preservation Commission unanimously approved the demolition of the former motel at 5585 E. Washington St.—with a few conditions. Developers plan an $8.7 million project for the site.
Retail trade group sees modest holiday sales gain
The National Retail Federation, the nation's largest retail trade group, expects winter holiday sales to rise 2.8 percent, to $465.6 billion this year.
Marsh Supermarkets rolls out new pricing strategy
The Fishers-based chain said it will reduce prices on thousands of items and keep them there for three months.
Simon Property Group gets new $4B credit facility
Indianapolis-based shopping mall giant Simon Property Group Inc. has received a new $4 billion unsecured revolving credit facility.
Lottery says it overspent on amenities for new office
Indiana lottery officials say they overspent on their new headquarters and will sell some of their equipment after reports raised questions about the lavish facility.