Around town real estate roundup
New headquarters and museum planned: Workers are renovating space in Claypool Court for a new Drum Corps International headquarters and a museum for the Percussive Arts Society. The not-for-profit DCI plans to take…
Real Estate
Articles
Brokers revise plan for key lots
The owners of two vacant buildings and a fenced lot along Washington Street downtown aren’t giving up on redevelopment even after their plans for a…
Historic downtown building may be rescued.
Local developer Halakar Properties Inc. is seeking tax abatement to save an endangered property.
Noble Roman’s stands to lose more than it’s worth in legal action by former franchisees
More former franchisees have joined a lawsuit against Noble Roman’s Inc., raising the prospect that a courtroom loss could
sink the locally based pizza chain.
Incoming HHGregg CEO: ‘We need to stay humble’
Dennis May, 41, slated to take over as HHGregg CEO in August, vows to continue growing what is already the nation’s largest
regional electronics player.
Group wants to redevelop buildings, land near Circle
Uptown Realty Investors, owners of two vacant buildings and a fenced lot along Washington Street downtown, aren’t giving up
on redevelopment even after their plans for a $40 million mixed-use structure fell apart.
Developer could turn Maxwell to apartments
Sluggish condo sales have led developer Kosene & Kosene Residential to consider turning its latest downtown project, The
Maxwell,
into apartments.
Drugstores expanding on 86th Street corridor
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS Caremark.
New life for Illinois Building?
A local developer is working on plans to save the vacant 10-story Illinois Building, considered in recent years as one of the state’s most endangered historic…
Apartment conversion for Maxwell
Sluggish condo sales have led developer Kosene & Kosene to consider turning its latest downtown project, The Maxwell, into apartments. The local company has moved its corporate…
Drugstore shuffle on 86th
A rough economy hasn’t calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores are planning new locations at the busy intersection…
Duke upends growth plan, focuses on paying debt
In this horrendous environment, nothing is more important for a debt-laden public company than proving it can pay its bills
Cookie Cutters not trimming back on expansion plans
Cookie Cutters, a locally based franchise that offers children’s haircuts, is so sure of its grip on its niche that —
in spite of tough economic times — it hopes to increase its
tally of franchised
locations past 100 within five years.
Marsh sues to exit pharmacy vendor agreement, could face up to $61M fine
Marsh Supermarkets Inc.’s attempt to switch to a cheaper supplier of prescription drugs has touched off a legal battle with
the current supplier — which suggests it could fine the grocery chain as much as $61 million for reneging on its deal.
Jack in the Box coming to Indy
The West Coast fast-food stalwart Jack in the Box is looking to expand to Indianapolis this year.
MainGate scores another goal
Local merchandiser MainGate Inc. inked its fourth deal with an NFL team in less than a year.
DINING: Mudsocks Grill doesn’t mess around
Mudsocks Grill offers a delicious grilled tilapia sandwich, blue-cheese-laden-pasta and Chili Con Queso. Try the fried cheesecake
too.
Feast on Indiana Live!
The $200-million Indiana Live! casino opened Friday night in Shelbyville. If the free-money giveaways around town, faux Obama commercials and the buzz around a promised ribbon-cutting appearance…
Cosmopolitan a total loss?
The remains of the Cosmopolitan on the Canal project continued to smolder today as a small crew of firefighters worked to put out remaining hot spots. They were using a crane to demolish a portion of the building’s remaining facade…
Sad news: Cosmopolitan burns
A $33-million apartment and retail project along the canal downtown caught fire early this morning. The Cosmopolitan on the Canal project, by Flaherty & Collins Properties, had been nearing completion on a site bordered by the canal, Senate Avenue, Michigan…