Broad Ripple sports bar calls it quits after 30 years in business
Nicole Harlan-Oprisu, who co-owns Old Pro’s Table and several local restaurants, previously told IBJ that business has been difficult during the pandemic.
Real Estate
Articles
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
Former downtown correctional facility up for sale as neighborhood takes off
Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
Simon shares rally after firm lays out reopening plans, pledges to pay a dividend
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
Discount retailer with 8 central Indiana stores files for bankruptcy, seeks buyer
Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.
Restaurants reopen for dine-in service with restrictions but cautious optimism
Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.
Steak n Shake permanently closes 57 restaurants amid dismal first quarter
With its restaurants limited to drive-thru, takeout or delivery for much of March because of the virus outbreak, the burger chain saw quarterly revenue plummet by $59 million.
Restaurants in most of Indiana have OK to reopen dining rooms
In addition, personal services such as hair salons, barber shops, nail salons, spas and tattoo parlors are allowed to open in 89 of 92 counties Monday—by appointment only.
Memory Bank: Finding a deal in 1955 as Charles Mayor and Co. is liquidated
This photo, taken Jan. 18, 1955, depicts the liquidation sale at the Washington Street building, which was torn down in 1959.
Gary Brackett closes Stacked Pickle sports bar chain
Stacked Pickle lists 10 locations on its website—nine in Indiana and one in Dayton.
Goodwill reopening stores where possible, but closing Vintage Vogue locations for good
Goodwill of Central & Southern Indiana, which has begun reopening many of its 76 retail locations where possible, is cutting costs by eliminating its three Vintage Vogue stores.
Shake Shack pauses expansion, putting Fishers project on back burner
Reeling from a slowdown in sales due to the coronavirus crisis, the New York City-based burger chain says it has paused all design and construction of new eateries. The Fishers location was set to open late this year.
Local firm plans five-story, all-timber office building in Broad Ripple
The $20 million project a block west of the Monon Trail would include an interior parking garage and a 2,600-square-foot rooftop deck.
Reopened shopping centers getting off to slow start
Indianapolis-based Simon Property Group, the nation’s largest mall operator, reopened several dozen shopping centers across Texas, Georgia and roughly 10 other states from Friday to Monday.
Fishers brewpub joins surge in eateries permanently closing doors
The locally owned eatery and craft brewery opened in late 2014 in the former location of Blue Crew Sports Grill.
Fashion retailer J. Crew files for bankruptcy protection
Even before COVID-19 spread, the company was struggling because shoppers were defecting to online merchants and consumer tastes were changing.
Retailers outside Marion County have green light to reopen
The reopening of shops—at no more than 50% of capacity—is part of Gov. Eric Holcomb’s plan to gradually relax social distancing rules over the next nine weeks.
IBJ Podcast: The rent is due, and tenants are struggling as unemployment soars
Advocates for both low-income residents and landlords are calling for an emergency rental assistance program that would help tenants cover payments and keep revenue flowing for apartment owners.
North-side steakhouse closes permanently, citing ‘impending expiration’ of lease
The owner of the upscale eatery in the Keystone at the Crossing area made no mention of the coronavirus crisis in its announcement Friday, but in April it notified state officials that it had drastically cut the hours of 46 employees due to restrictions on dining.
Companies must create customer, employee safety plans as part of reopening
The state is launching a marketplace for small businesses to help them acquire the face masks, sanitizer and other supplies they might need to reopen.