Officials say bridge project can be changed
Officials who want to build two new bridges over the Ohio River and redo a downtown interchange announced Thursday that they've found ways to cut the cost of the project by more than $1 billion.
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Startup aims to make online car shopping easier
The horrible experience John Kohlmeyer’s mother had trying to shop for a car online inspired him to create DriveVelocity, a company that not only overhauls dealer websites but also packages all their Web-based customer-relationship tools.
Bull-themed Cadillac Ranch takes over Music Mill
Nightclub Cadillac Ranch plans to open a location in the former Music Mill restaurant and concert venue on 82nd Street.
Real estate deals picking up around Fashion Mall
Owners of the Sheraton Indianapolis are converting one of its towers into luxury apartments, and developers are vying to replace the vacant Woodfield Centre.
HHGregg gets ‘Help’ from Beatles to sell big screens
The Indianapolis-based retailer launched its first national advertising campaign using the tagline “We Help” and the Beatles song “Help!” as its soundtrack.
Kosenes take on ex-partner in court
Principals in Kosene & Kosene Development have sued a former partner, claiming he’s trying to cut them out of a city-supported deal to redevelop the former Bank One Operations Center downtown.
Multiple tenants likely needed to plug Nordstrom hole
Nordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
SKARBECK: Finding a bright spot in dismal housing news
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
Renaissance Bay heads for sheriff’s sale
A $150 million project that slammed head-first into the recession is slated for a sheriff's sale later this month.
Shrunken Lauth emerges from reorganization
Lauth Investment Properties, which holds the remains of the real estate empire of Lauth Group, has emerged from Chapter 11 bankruptcy, with about $25 million and a portfolio of properties valued at $35 million.
Cadillac Ranch takes chance on former Music Mill space
North-siders will finally get a shot at riding a Cadillac Ranch mechanical bull without driving to Union Station.
Work to begin on rare Washington Township home sites
The transformation of a wooded ravine immediately north of Park Tudor School into an 11-lot gated community will bring to market a rare commodity: a cluster of new-home sites in densely populated Washington Township.
Circle Centre can survive Nordstrom exit, experts say
Anchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
Lululemon Athletica, Five Below to open Indianapolis stores
Yoga apparel specialist, store geared toward teens plan local presence.
Central State redevelopment plan gets new life
A dormant plan to redevelop the 150-acre former Central State Hospital campus is starting to get momentum. Developers anticipate spending $100 million to $150 million to revamp the site. With online photo gallery
HHGregg’s profit, revenue rise, but same-store sales fall
Indianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased sales at retail locations operating for more than a year.
Nordstrom closing Circle Centre store
Nordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the plans told IBJ.
City Market set to oust 19-year tenant Enzo Pizza
Directors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end of the day on Friday after the two sides could not agree on a new lease.
Lululemon, Five Below coming to Indianapolis
Two of the nation's hottest concepts in retail—a yoga apparel specialist and a new dollar-store concept targeting teens—are coming to Indianapolis.
Recreational outfitter REI plans store in Castleton
The outdoors retailer REI plans to open its first Indiana store in a former Linens & Things location in the Plaza at Castleton shopping center.