Coworking spaces prepping to capture firms, workers leaving traditional offices
Accommodating new members whose wants and needs have been changed by the pandemic means those co-working spaces must adjust their offerings.
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Kentucky brewpub operator taking over downtown Ram Restaurant space
A small-but-growing brewpub chain based in Louisville plans to take over the former Ram Restaurant & Brewery location in downtown Indianapolis, making its first foray outside Kentucky.
Naptown Fitness team plans to buy, renovate classic 1930s building in Midtown
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Residential Real Estate: Marketplace stats for March 26, 2021
The number of active listings and sales has dropped over the past three months, as expected for the season. But even compared to one year ago—before the pandemic hit—the market is tight.
Tax credits in hand, INHP focuses on affordable single-family homes
The organization has for decades helped families secure mortgages and generally works with neighborhood development groups on a litany of development projects. It has been focused of late on transit-oriented multifamily developments near IndyGo’s Red Line. But single-family units are a newer focus.
Gambling bill could help bars recover
Senate Bill 245 would double the prize limits for certain pull-tab games and allow the 1,242 bars and taverns with Type II gaming licenses to offer sports-themed pull-tab games and tip boards.
Kegs have been out, canned beer in, during pandemic
When the pandemic dried up the demand for beer at customer-limited bars and restaurants, local brewers had to shift focus to sales at grocery stores, pharmacies and packaged liquor stores.
Herron-Morton Place eatery Tinker Street plans reopening
Owner Tom Main said he’s shooting for an April reopening for Tinker Street, a fine-dining restaurant that’s been closed for dine-in service for more than a year and was on the selling block in late 2020.
Donatello’s Italian Restaurant in Carmel calling it quits after 10 years
Patrick and Beth Aasen, who founded the restaurant at 9 W. Main St. in late 2010 with their son, Carmel City Council member Adam Aasen, said they plan to retire after 40 years in the restaurant business.
Historic fire station donated to Indianapolis police for substation
A 125-year-old landmark firehouse on East Washington Street that previously housed a photography business and a reception center for Angie’s List has been donated to the Indianapolis Metropolitan Police Department.
In Nora standoff, Crew Carwash battling Steak n Shake over corner property
Crew recently bought the property that contains the steakburger chain’s location on East 86th Street with plans to build a new carwash. But it contends in a lawsuit that Steak n Shake has refused to leave.
IBJ Podcast: City Market plots its comeback against headwinds
The pandemic has been tough on restaurants almost across the board. And so it’s no wonder that the Indianapolis City Market has lost a third of its vendors in the last year.
Stores that defined American malls bet on freestanding future
Retailers are abandoning enclosed malls in growing numbers as the rise of online shopping transforms the industry—a trend that has accelerated during the coronavirus pandemic.
Photo gallery: District Tap, other downtown eateries see crowds swell for first weekend of tourney
One of the biggest challenges for sports bars like Kilroys and The District Tap is that most people are sticking around for multiple games, rather than leaving after they finish eating, restaurateurs said.
New leader tries to turn City Market around
Between the pandemic, road construction and downtown safety concerns, the market has been dealing with a heavy load of challenges over the past year, and there’s no consensus on its recovery prospects.
Marsh bankruptcy leaves creditors with losses of $340M
The trustee liquidating the grocery chain this month asked the court to close the case, saying he had wrapped up the process of selling off assets and turning proceeds over to creditors.
Central Indiana homebuilders see biggest February in 17 years
February’s snowstorms failed to put a chill on demand for new homes in central Indiana, the Builders Association of Greater Indianapolis announced Wednesday.
Owner of Carmel’s Clay Terrace acknowledges possible bankruptcy filing
Washington Prime Group, a Simon Property Group spinoff that owns several other local shopping centers, barely missed defaulting on a $23.2 million interest payment this week before securing a forbearance agreement that ends on March 31.
Developers present Asherwood plans, say they’ll petition court for covenant relief
A 62-year land covenant tied to the Asherwood estate and surrounding properties in Carmel is creating difficulties for developers of a proposed 40-home luxury neighborhood because it calls for front-yard setbacks of at least 75 feet.
The Oakmont restaurant, bar to take vacant tavern space off Mass Ave
Two longtime friends in the restaurant business are teaming to create a concept in the former Krueger’s Tavern space featuring cuisine and décor designed to catch an Instagrammer’s eye.