Report paints brighter picture for retail
The real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling while rents and sale prices are poised to rise.
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City picks team for $15M Broad Ripple parking garage
The structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space and a police substation. Construction is set to begin this summer and be complete by mid-2012.
Rendering: Parking garage and retail for Broad Ripple
The city is kicking in $6.35 million for a $15 million Broad Ripple parking garage with first floor retail space and a police substation.
City to roll out plan for 16th Street tech corridor
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
IHOP adding new restaurants
The IHOP restaurant chain is trying to regain a foothold in central Indiana with two new locations under construction and at least three more in the works.
Arizona project bankrupts local developer Bodner
Bruce Bodner, a quiet but prolific local developer who in the late 1990s bought and revitalized two of downtown’s most recognizable buildings, has filed for bankruptcy after making a doomed bet in Arizona.
Effort to save minority car dealer lands Bill Mays in ditch
PNC Bank last month sued Mays, one of the city’s most prominent black businessmen, charging he defaulted on a $3.5 million loan he received in 2008 that has an unpaid balance of $2 million.
R.Lynda clothing boutique pulls plug on venture before opening
Construction of the shop at Traders Point Shopping Center was already underway.
Error removes limits from Indiana project wage law
A mistake in a bill that legislators meant to loosen wage requirements on government construction projects in Indiana will put all such projects — regardless of cost — under the regulations.
Eco-friendly downtown supply store closes
Green Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning a new building supply store with mix of green and traditional products.
Magistrate reverses David Marsh deposition ruling
Citing new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son of the company’s former CEO, Don Marsh. Baker previously ruled that he couldn’t be deposed.
Inaugural Chowdown Midtown event set for launch
Mirroring the popular Devour Downtown event, Chowdown Midtown features 34 restaurants in the Broad Ripple area offering specific menu options for the set price of $30. The event runs through June 16.
Finish Line settles with former employee
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission claimed it violated federal law by firing her because of a physical disability.
Appraisal services firm plans local expansion, 150 jobs
Indianapolis-based StreetLinks Lender Solutions plans to expand its operations, adding 150 employees by 2013, the real estate appraisal management services provider announced Friday morning.
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.
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.