Closings roundup: Menards, Urban Element, Spa Chakra
Several restaurant and retail closings to report, including a big-box hardware store, a local restaurant chain and an upscale
spa.
Real Estate
Articles
Purdue study: Slowing urban sprawl curbs floods
A new Purdue University study has found that controlling urban sprawl and planting more trees are the keys to reducing water
runoff that causes urban flooding.
Marsh taken off the market
The parent company of Marsh Supermarkets plans to continue investing in the local grocery chain after it failed to find a
buyer for the chain of roughly 100 stores. Half of those are in Indianapolis.
Popular toning shoes give big boost to The Finish Line
Despite controversy over whether they live up to their hype, so-called toning shoes—a category created from thin air
just a few years ago—are flying off store shelves nationwide and are on pace to ring up almost $1 billion in revenue
this year.
Closing of Loon Lake Lodge restaurant marks end of Laughner family era
Demise of Castleton eatery marks end of family’s 122-year run of owning restaurants here.
Effort to save Salvation Army building comes up short
The Salvation Army has won approval to demolish an historic home it owns next door to its headquarters after Indiana Landmarks
could not find another user willing to save the property.
Nearly 7,000 Indiana homes weatherized with federal money
Indiana is now the 18th state to complete 30 percent of its goal, by retrofitting about 20,000 homes to make them more energy efficient.
Laughners exit restaurant business after 122 years with Loon Lake Lodge closure
The Laughner family has closed the Loon Lake Lodge in Castleton, ending a 122-year run of operating restaurants in Indianapolis.
Summit Realty pursues downtown building for HQ
The firm, now based in Chase Tower, wants to acquire and renovate the building at 241 N. Pennsylvania St.
Steak n Shake parent sees profit, revenue rise
Biglari Holdings Inc. said revenue in the quarter rose 9.4 percent over the year-ago period and same-store sales increased by 7.5 percent
Tim Durham closes New Castle restaurant
A sign on the door of Durhams Ristorante says the moderately priced Italian eatery will be "closed until further notice."
Indianapolis retailers plan new stores, relocations
A new restaurant near Lucas Oil Stadium is among several new or relocated retailers around the city.
Architects to temporarily transform downtown Indianapolis parking spaces
In celebration of “PARK(ing) Day,” the Indianapolis chapter of Architecture for Humanity will convert 10 parking
spaces in front of the Borders bookstore on Meridian Street at Washington Street into a curbside landscape.
New Jersey project enriched Simons
The battle over the estate of Melvin Simon has thrown a spotlight on a New Jersey development project that, by itself, has
made many Simon family members multi-millionaires.
Simon mall deal gives big boost to cell-phone coupons
The partnership between Simon Property Group and technology company Shopkick Inc. is a
big step in realizing retailers’ long-held dream of using cell phones to beam ads and coupons to people passing by.
Roundup: Tasting room, tavern, new restaurants, MacExperience & more
The newest retail roundup offers something for everyone, including a new tavern, meadery tasting room, children’s apparel
shop, bakery and liquor store.
Auction set for old Colgate factory in Clarksville
The owner of a closed Colgate-Palmolive Co. toothpaste factory along the Ohio River plans to sell it at auction this fall.
Parking rates could double under city plan
City leaders expect to select a manager to oversee parking operations within the next week.
Area home sales slide again
July’s 27-percent decline marked the third straight month that home sales have slumped in central Indiana following three
straight months of improving sales spurred by generous federal tax credits.
Noble Roman’s quarterly profit, revenue slips
Noble Roman’s Inc. profit and revenue slipped in the second quarter as fewer of its traditional Noble’s Pizza
and Tuscano’s Italian Style Subs stores were operating.