Local developer plans $16M apartment project along Monon Trail
Called Monon 46, the 102-unit complex is expected to be comprised of three apartment buildings, including two directly along the trail south of Broad Ripple.
Real Estate
Articles
Developers pitch several big real estate projects in Westfield
The Westfield City Council heard presentations Monday night for a 60-acre mixed-used development, a 9.5-acre residential project and a neighborhood expansion. It also approved a new assistance program for first responders and veterans.
Staples seeks to buy Office Depot parent in $2.1 billion deal
Staples previously tried to buy Office Depot, but the $6.3 billion acquisition was called off in 2016 amid antitrust scrutiny.
Broad Ripple institution Johnny’s Market closes for good
The owner of the 45-year-old mainstay recently informed its landlord that it didn’t want to renew its lease, which expired in December.
Culver’s franchisee plans up to 10 more restaurants, new Noblesville HQ
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Genezen Labs pumps up plan for Fishers facility after private-equity investment
Genezen Laboratories Inc. says new funding from a Massachusetts-based private equity firm will allow it to expand its plans for a new production facility in Fishers Crosspoint Business Park.
Shake Shack to move into former Tesla spot at Fashion Mall
This will be the fourth Indianapolis-area location for the fast-casual burger chain, though none have yet opened.
Sahm’s to reopen 96th Street restaurant with new concept
Sahm’s Bar & Grill, which has been closed since March due to the pandemic, is reopening as Hoss Bar & Grill, a modern highway diner concept offering burgers, sandwiches, salads, a dinner menu, beer and cocktails.
Family Video chain closing all locations, including three in Indianapolis market
The Illinois-based video rental chain, which opened its first store in 1978, outlasted competitors Blockbuster, Movie Gallery and Hollywood Video, but said it could not withstand the disruptions caused by COVID-19.
Eddie Bauer to close Circle Centre location
The closure is another hit to the struggling mall overseen by Simon Property Group. Last month, clothing retailer Express confirmed it also was closing its Circle Centre Location after 25 years there.
Housing advocates worry about veto override of controversial landlord-tenant legislation
Senate Enrolled Act 148 would have prevented all local governments from regulating any aspect of landlord-tenant relationships and would have blocked tenant protections that the city of Indianapolis had put in place last spring.
Fountain Square record store to nearly double in size, add kitchen
Square Cat Vinyl at 1054 Virginia Ave. is expanding into a 2,400-square-foot space previously occupied by Vintage Vogue, a Goodwill store for fashionable second-hand clothing that closed in March 2020.
Simon Property Group executive takes over as interim CEO at JC Penney
The new owners of JC Penney replaced CEO Jill Soltau less than a month after re-launching the department store chain that went bankrupt during the pandemic.
Krispy Kreme files plans for Indy doughnut store
The North Carolina-based retailer hasn’t had any stores in the Indianapolis market since at least 2011, but it recently filed plans for a store in Castleton.
On the Market: A secluded waterfront property in Eagle Creek
A great view of the creek, mahogany hardwood floors and beautiful woodworking throughout sets this home built in 1985 apart from the rest.
Work under way on at least three major downtown construction projects
The Tribute and Aloft hotels—both of which were announced before the pandemic began—are among the few downtown lodging projects that are continuing to make progress.
Holiday sales tick up as shoppers invest in their homes
The increase fell short of predictions from the National Retail Federation, the nation’s largest retail trade group, which had expected sales to rise between 3.6% and 5.2% this year compared with 2019.
2020 YEAR IN REVIEW: Pandemic forces restaurants, bars to close across central Indiana
Dozens of central Indiana restaurants have closed since the pandemic hit in March—some almost right away, unable to weather the forced closure of their dining rooms. Others gave up the ghost later, after takeout or restricted indoor dining failed to keep them afloat.
Lafayette Square Mall sold to local real estate firm
Indianapolis-based Perez Realty Group acquired the 113-acre retail property on Dec. 18 for a yet-undisclosed price.
Punch Bowl Social restaurant chain files for bankruptcy
The company, which opened a location in downtown Indianapolis in 2016, describes its business as being in a “mothballed period” and said that it anticipates reopening venues “once it is safe to do so.”