Kite Realty sues Oceanaire, Mattress Firm over rent disputes
In both of the suits, Indianapolis-based Kite claims that the retail tenants are in default on their leases because they didn’t pay rent in April, May or June.
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Developer streamlines plans for mixed-use project on Speedway’s main drag
The $6 million project is expected to feature retail space on the first floor—already fully pre-leased—along with apartments on the second floor and condominiums on the third.
David’s Tea closes Fashion Mall store, exits U.S. market
The struggling Canada-based retail chain is closing all 42 of its stores in the United States as it restructures its finances.
Q&A with entrepreneur and downtown task force member Cebronica Luft
Cebronica Luft, CEO of the event venue Pavilion at Pan Am Plaza, is on the Downtown Indy Rebuilding and Recovery Committee.
Clay Terrace hits pause on pre-pandemic plan to add apartments, offices, hotel
Columbus, Ohio-based Washington Prime Group has told the city of Carmel it has decided to put the brakes on an ambitious plan to diversify the lifestyle center.
Retail developer who took his own life was dogged by debts
Craig Johnson left behind what court records show is millions of dollars in debt that might not be covered by his estate.
Justice center project hitting minority-contracting targets, but are they too low?
Roughly $162 million has been committed so far to minority-owned businesses helping to build the city’s $575 million criminal justice center complex in the Twin Aire neighborhood.
Chef and restaurateur Hardesty scaling back schedule after leukemia diagnosis
Hardesty, 51, said operations at his culinary business, Studio C, will be scaled back while he undergoes treatment over the next several months.
Target latest retailer to require customers to wear masks
Target follows Walmart, Kohl’s, Best Buy and several other large retailers that are making masks mandatory in all stores.
U.S. retail sales jumped 7.5% in June before virus cases bounced back
The report shows how shoppers and businesses are adjusting to life in a pandemic, changing their habits in hopes of halting an illness that can quickly flare up and wreak financial havoc.
New pandemic rental assistance programs see huge demand
Two rental assistance programs launched to help state and local residents during the pandemic are already nearing their capacity, just three days after applications opened.
Barnes & Noble uses COVID-19 shutdown to refresh stores
It’s part of a chain-wide move to give store managers more autonomy. Also this week: Apocalypse Burger, Enterprise Car Sales, and America’s Best Contacts & Eyeglasses.
Kroger, Kohl’s join Walmart on growing list of retailers to require face coverings
The National Retail Federation, the nation’s largest retail trade group, on Wednesday said it is “encouraging all retailers to adopt a nationwide policy that requires customers to wear face coverings or masks to protect the health and well-being of customers, associates and partners during the coronavirus pandemic.”
Hogsett: Delays likely for Pan Am Plaza hotel, convention center project
Indianapolis Mayor Joe Hogsett said the city is continuing to work with Indianapolis-based Kite Realty Group Trust—which is developing the project—to finalize a reworked timeline.
Walmart to require all U.S. customers to wear masks
Walmart’s decision to mandate masks follows similar moves by Costco, Starbucks and Best Buy.
City extends street closures for Dine Out Indy initiative through Labor Day
The city of Indianapolis on Wednesday announced it was extending closures of segments of Broad Ripple Avenue, Massachusetts Avenue and Georgia Street.
Central Indiana existing-home sales rebounded strongly in June
The median home price in the 16-county area has hit all-time highs in four straight months.
Walgreens reports $75 million of looting damage in third quarter
With about 9,300 locations in the United States, Walgreens is one of the largest retailers by store count.
Apartment, retail project planned on Indiana Avenue by Walker Center
Documents filed with the city show that the apartments would range from studios to three-bedroom units, along with a handful of co-dwelling units.
New York & Co. parent files for bankruptcy, might close all stores
Established in 1918, RTW Retailwinds operates nearly 400 locations in 32 states, including four in Indiana.