Indianapolis-based The Finish Line Inc. said Thursday that its second-quarter profit rose as it rebounded from a messy quarter a year earlier after the athletic shoe retailer sold its unsuccessful Man Alive hip-hop stores.
Since 2004, residents and community leaders in the area just east of downtown—including Boner Center chief James Taylor—have raised more than $100 million to improve their neighborhood. The deployment of so many resources to one area is almost unprecedented in Indianapolis.
The $29 million will be used to acquire and demolish or rehabilitate foreclosed and abandoned homes.
The city’s Division of Planning was set to hear a request Thursday afternoon by Valparaiso-based Investment Property Advisors LLC to rezone property near the Central Canal for a 150-unit apartment complex.
Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection Thursday, saying plans to keep its stores and kiosks open as it reorganizes.
Plants atop the Birch Bayh Federal Building and U.S. Courthouse are expected to cut costs in long run.
The current expansion has absorbed the last of the adjoining space, leaving the convention center landlocked.
More unneeded buildings are slated to be sold off by Indianapolis Public Schools, but creative people have turned other former schools into reuse gems.
Schlage’s purchase of the Georgia-based company’s division gives it immediate access to the decorative door hardware and lock market, the company said.
The number of building permits filed in the nine-county metropolitan area dropped by 18 percent in August from the same time a year ago, falling from 354 to 290. The drop marks the third consecutive month permits have fallen.
The lottery will move in January to the Buick, a 60,000-square-foot building at 13th and Meridian streets owned by principals of Shiel Sexton Construction.
Housing starts are up 25 percent from their bottom in April 2009. But they remain 74 percent below their peak in January 2006.
Harding Dahm & Co., which ranked sixth on IBJ’s most recent list of commercial brokerages, will become Lee & Associates Indianapolis. Terms of the deal were not disclosed.
Five Popeyes restaurants in Indianapolis owned by one franchisee close down, as does downtown eatery Taste of Tango.
A long-running legal battle among members of the Lee family of North Vernon over the valuation of their hotel chain has come to an end.
Since Melody Inn owners Dave Brown and Rob Ondrish bought the 38th and Illinois streets mainstay in 2001, they figure more than 7,000 bands have played on the 18-inch-high stage tucked just inside their front door.
The designation scotched a deal with CVS that would have funded construction of a new church at another location.
The local grocery workers union has pulled its request for an election at Marsh's supermarket in Beech Grove, saying recent events cast a pall over the vote that was scheduled for Friday.
Reit Management & Research LLC made a presentation Wednesday to the Indianapolis Metropolitan Development Commission for its plans to build a pedestrian walkway between Circle Centre mall and PNC Center.
