Tiny Hancock Health embarks on ambitious, long-term growth plan
Over the past two years, Hancock Health has bought 140 acres of empty farmland at the Mount Comfort exit of Interstate 70 for a development it has named Hancock Gateway Park.
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Articles
Huge cost overruns on Carmel hotel fuel questions about construction costs
The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.
Developers, city partnering on major mixed-use projects in Noblesville
Developers are teaming with the city on a $7.7 million redevelopment project along North 10th Street and a $35 million development west of Federal Hill Commons Park.
Developer plans $30M Tapestry hotel on downtown parking lot
Sun Development & Management Co. originally planned to open the Tapestry hotel in the 12-story Jackson Square building where Ike & Jonesy’s had been located. But Sun now has plans to put a different brand in the building, with work starting within several months, and build the Tapestry across the street.
City moves ahead with tenant rights ordinances while Legislature debates regulation
The city of Indianapolis is charging ahead with a plan to protect tenants from bad landlords despite a bill moving through the Indiana General Assembly that would limit the city’s authority on the issue.
Four from Indianapolis named James Beard semifinalists
A chef, a restaurateur and two restaurants were named as semifinalists for the James Beard Awards, which are often referred to as the Oscars of the restaurant industry.
Steak n Shake planning to convert more restaurants to counter-service-only models
Sardar Biglari, CEO of Steak n Shake parent Biglari Holdings Inc., said in his annual report to shareholders that the chain’s performance went from “bad to worse” in 2019.
CarMax plans second Indy-area superstore, near Greenwood
In order to move forward with the south-side project, the publicly traded used-car behemoth must receive a variance of use for auto retailing on the land.
House committee amends bill to keep cities from regulating tenant relations
In response to the move, Indianapolis Mayor Joe Hogsett said the amendment would nullify recent local efforts to protect tenants from predatory landlords.
McCammon’s Irish Market acquires Brownsburg garden center
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
Best Chocolate in Town acquired, closes Mass Ave store
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Memory Bank: ISTA building rises along Market Street
This photo was shot on April 26, 1957, from a balcony on the east side of the Statehouse, looking east down Market Street, with construction of the ISTA Center on the left.
State might move deaf, blind schools rather than spend big on aging properties
The state’s separate deaf and blind schools need $100 million in upgrades over the next 20 years; state officials might start over with new buildings on a shared site.
Sales of existing homes surge in central Indiana amid lower rates
Closed sales in central Indiana have risen on a year-over-year basis in four of the last five months after falling in seven of the previous eight months.
Victoria’s Secret getting new majority owner after 38 years under L Brands
Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
Simon, other new Forever 21 owners in talks to keep most U.S. stores open
Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.
Bottleworks District adds bar, coffee shop to growing Garage lineup
The businesses join 16 other tenants confirmed for the Garage Food Hall lineup. The food hall is expected to open in October.
Developer eyes 173-acre tract south of airport for industrial project
Department of Metropolitan Development staffers have recommended denial of the project because it doesn’t jibe with land-use plans for the area calling for more neighborhood-friendly developments.
UPDATE: Pier 1 files for bankruptcy protection, to close 7 Indiana stores
The retailer, led by the former CEO of HHGregg, has been struggling with increased competition. It plans to close seven stores in Indiana.
IBJ Podcast: Here’s why a mega liquor store is trying to move to Indiana
IBJ reporter John Russell explains a U.S. Supreme Court ruling that could open the door to out-of-state liquor stores moving into Indiana—including Total Wine & More, a Maryland-based chain that has applied for a permit to open in a former Marsh store.