Asian fusion restaurant Oishii to fill vacant Mass Ave spot
The restaurant’s co-owner, Kanlaya Browning, co-owns 10 Thai restaurants, nine of which are in the Indianapolis area. Oishii will offer a fusion cuisine of both sushi and ramen.
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Landlords look for an exit amid federal eviction moratorium
Smaller landlords with fewer than four units, who often don’t have the financing of larger property owners, were hit especially hard by the pandemic, with as many as 58% having tenants behind on rent, according to the National Association of Realtors.
Engineering firm Beam Longest & Neff LLC merges with Toronto-based company
The combination forms a business with more than 800 engineers, project managers and technical experts in 21 offices throughout North America.
Fast-casual Pickleman’s sandwich chain to enter market with Noblesville store
This will be the first Indiana location for Pickleman’s, a Missouri-based chain with 24 locations. The local franchisees plan to open a total of four Indianapolis-area stores over the next four years.
Center Township Trustee seeking $4M for Mass Ave building in strangely quiet bid process
The trustee’s office issued a request for bids for the five-story building in one of downtown’s most attractive locations, but several developers and key players in the area told IBJ they weren’t aware the property was available.
State inspectors find no violations at St. Elmo related to employee’s COVID-19 death
The Indiana Occupational Health and Safety Administration, which launched an investigation at St. Elmo after an employee’s COVID-19 death, says it did not discover any violations and has closed the investigation.
Hardesty helped pave way for new market, bistro by Monon Trail
Breadworks, a Greencastle-based bakery and restaurant, is opening an outpost this fall at the former home of Locally Grown Gardens on 54th Street, thanks in large part to a strong connection with late Indianapolis chef Greg Hardesty.
Envoy’s $52 million project agreement approved by Fishers City Council
A discussion of Fishers-based Envoy Inc.’s planned $52 million Highline project included questions about an elected official’s involvement. State Senator Scott Baldwin is Envoy’s CEO and a representative of District 20, which includes Fishers.
Bottleworks adding two-level restaurant for supper-club-style dining
Named The Fountain Room, the 6,300-square-foot restaurant from Noblesville-based Clancy’s Inc. will pay tribute to the property’s past as a Coca-Cola bottling plant.
Local businesses lean on subscriptions to build revenue, customer connections
The idea of having customers periodically pay in advance for products or services is nothing new. But within the past year, at least five Indianapolis-based food and beverage retailers have launched subscription services.
Federal judge leaves CDC evictions moratorium in place
U.S. District Judge Dabney Friedrich has refused landlords’ request to put the Biden administration’s new eviction moratorium on hold, though she made clear she thinks it’s illegal.
Indianapolis area sees first decline in existing-home sales since June 2020
Meanwhile, inventories in the 16-county Indianapolis area remained tight and prices continued to escalate.
Rise’n Roll bakery to open downtown store next week
This will be Rise’n Roll’s fifth Indianapolis-area location, in addition to stores in Broad Ripple, Fishers, Greenwood and Avon.
Developer plans $150M apartment, retail and hotel project at 96th and Meridian
Indianapolis-based Landmark Properties Inc. is in the early stages of a redeveloping the Meridian North retail and office center, but its plans are already meeting some resistance from neighboring residents.
Lumber drops to nine-month low, extending retreat from record
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
Turner Woodard buys home of indoor karting complex in Speedway
The real estate investor and racing enthusiast has closed a deal with former IndyCar driver Sarah Fisher and her husband that will help them to continue growing their karting business.
Pyramid Place shopping center changes hands for $10.6M
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.
Indianapolis hoping to boost rental assistance funding by nearly $100M
The city’s IndyRent program—which launched last July with $15 million in funding and eventually grew to $96 million—has so far pushed out $53 million in rent payments to landlords of those seeking rental assistance.
Indiana construction projects boom thanks to new budget plan
The new state budget adopted in April by the Republican-controlled General Assembly is awash in federal coronavirus relief money, allowing the state to give sizeable funding to projects that had for years been shelved and left out of spending plans.
Hot housing market makes for some risky decisions
While selling a house in a hot market might seem easy, there’s actually some risk, uncertainty and often inconvenience on both sides of a transaction.