The Whit owner lists property for sale, with asking price of up to $120M
The nine-story building features 334 apartment units, a 540-space garage and the 16-Bit Arcade+Bar.
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Horizon House plans 36-unit apartment project for homeless on downtown’s east side
The four-story project will also feature office space for Horizon House, which is located adjacent to the site and has provided services for homeless individuals since 1990.
COVID-19 reshapes back-to-school spending
The National Retail Federation, the nation’s largest retail trade group, predicts record back-to-school spending this year, but other retail experts foresee big cutbacks.
Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
IBJ Podcast: The owner of Windsor Jewelry talks about surviving the riots and pandemic
Plus, hear from Mayor Joe Hogsett, who spoke to IBJ’s editorial board last month about some of the very problems Bires is concerned about for downtown.
Memory Bank: Business district in Fountain Square
This 1946 view of Virginia Avenue looking northwest through Fountain Square doesn’t appear significantly different than it does today, other than some different names on the buildings and older cars.
Kite Realty Group bets big on hotel, even as other projects wither
A third of planned downtown hotel rooms announced before the pandemic are now on hold.
Rep. Greg Pence criticized for race-related items sold at his mall
The Exit 76 Antique Mall in Edinburgh has more than 4 million items for sale by the merchants who rent booths, but sprinkled throughout the mall’s 72,000 square feet are also dozens of objects that trade in Jim Crow-era caricatures and stereotypes.
Proposed 40-story Signia at Pan Am Plaza to shake up hotel landscape
The $300 million hotel will be the most expensive and elaborate new lodging project built in the city since the $450 million JW Marriott complex was completed in 2011. And it will compete directly with the JW.
Dunkin’ to close 800 U.S. stores as pandemic hurts sales
The 800 stores represent 8% of Dunkin’s U.S. footprint but just 2% of its sales.
Luxury retailer Louis Vuitton to open first Indianapolis store
Louis Vuitton is ranked as the world’s most valuable luxury brand, with a value of $47.2 billion, topping Chanel, Hermes, Gucci, Rolex and others.
16 Tech announces names for innovation hub, artisan marketplace
The innovation hub, expected to open early next year, is part of a $500 million, 50-acre campus along Indiana Avenue. The hub’s new name is a nod to the site’s history as the former Citizens Water headquarters.
Owner of vacant Anthem building on Circle now open to multiple tenants
The owner of the 213,600-square-foot office building had hoped to sign a single user for the high-profile property, but its strategy has become more flexible in the year and a half it has remained empty.
Art of Design: What makes a great vacation home?
Vacation homes should project the lighter side of life. Playful, comfortable, easygoing and casual are all good adjectives for a vacation home.
Downtown restaurants, conventions could be stuck in downward spiral
The loss in convention business due to COVID-19 is starving downtown restaurants of customers. And without great restaurants, Indy isn’t as attractive as a convention destination.
Q&A with Hotel Carmichael chef Joe Hsu
The immigrant from Taiwan is deep in research and development for his new role as executive chef at Vivante, a French restaurant opening in Carmel’s luxurious Hotel Carmichael on Aug. 4.
Hogsett says city resilient, downtown to rise again
The mayor, who is in the first year of his second term, acknowledged the challenges—and even some naivete when it came to the riots. But Hogsett, a Democrat, said he’s confident in the ability of residents, the business community and leaders to address them.
Simon Property-backed venture makes offer to buy Brooks Brothers
Under the terms of the agreement, the Simon-back venture intends to purchase substantially all of the iconic retailer’s global business operations as a going concern. It has committed to acquiring at least 125 Brooks Brothers retail locations.
Indianapolis man gets 11-plus years in federal prison for leading fraud scheme
Federal investigators said Frank “Bread” Powell organized a ring that used more than 5,000 fraudulent checks to purchase gift cards and merchandise from Kroger and other stores in 12 states from January 2016 until April 2018.
Women’s apparel giant that includes Ann Taylor files for bankruptcy
The company says it intends to close all of its Catherines stores, a “significant number” of Justice stores and a select number of Ann Taylor, Loft, Lane Bryant and Lou & Grey stores.