CSO Architects helps drive push for Desert Storm memorial in D.C.
Plans are underway to build a national Desert Storm and Desert Shield Memorial near the Lincoln Memorial in Washington, D.C.—and the effort has Hoosier fingerprints all over it.
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Memory Bank: Crowds gather to see L.S. Ayres displays
The L.S. Ayres department store opened at the southwest corner of Washington and Meridian streets in 1905 and within 20 years had become known for its festive Christmas-themed windows.
Neighboring east-side hotels sold for $30.5M to Los Angeles firm
The three hotels at the intersection of Interstates 70 and 465 have nearly 500 rooms between them. The largest, a Marriott that serves as an overflow hotel for big downtown events, is slated for a renovation that could run between $10 million and $20 million.
Scotty’s Brewhouse founder Wise joins CBRE as retail broker
Scott Wise, who founded the once-flourishing Scotty’s Brewhouse restaurant chain, starts Tuesday at CBRE’s Indianapolis office, joining a team of 12 brokers in the office’s retail division.
Retail mall foot traffic picks up ahead of Thanksgiving
The index measures mobile-phone location data from five of the largest U.S. shopping center real estate investment trusts, including Indianapolis-based Simon Property Group Inc.
Louis Vuitton maker to buy Tiffany & Co. for $16.2 billion
The offer comes as luxury goods companies have been wrestling with changing habits of shoppers who are increasingly buying online.
Memory Bank: Young Republicans protest price limits in 1946
On Oct. 1, 1946, the Young Republicans Club protested the Office of Price Administration, an agency created in 1941 by President Franklin D. Roosevelt to prevent runaway prices, profiteering and hoarding during World War II.
Ambrose, city likely to spend years in court over GM site development
Negotiations could be difficult, given that both sides have strong arguments, legal experts say.
Plans for permanent stage at White River State Park finally coming to fruition
The project’s $15.75 million second phase is under construction now and will bring a permanent concert venue to the 250-acre park when it’s finished in June.
Indianapolis property manager arrested, accused of multimillion-dollar Ponzi scheme
Bert Whalen and his Oceanpointe Property Management used fake leases to dupe investors into buying run-down rental properties in Indianapolis, according to an indictment made public Friday. No charges have been disclosed against his partner, former “Fox and Friends Weekend” host Clayton Morris.
Primeval Brewing opens taps in Noblesville after long run-up
After nearly two years of preparation, Primeval Brewing co-founders Nathan Compton and Tim Palmer opened their European-style beer hall in Noblesville to a line that wrapped around the block.
Owner seeking buyer for Lafayette Square Mall
Lafayette Square Mall is up for sale. And whether the Indianapolis-area’s third largest shopping center remains a retail property or is redeveloped into something else will be determined by the buyer.
Target jumps into holiday season with third-quarter earnings bang
Third quarter online sales rose 31% for Target in the third quarter. And customer traffic to its stores and website rose 3.1%.
Lawsuit filed by Ambrose alleges city tried to take stamping plant land for Infosys campus
The company said in its 28-page complaint that Mayor Joe Hogsett’s administration had threatened to take the site through eminent domain in 2017—two years before it’s latest threat to use the legal maneuver to buy the land. That led Ambrose to add a clause to its project agreement with the city meant to prohibit the Hogsett administration from pursuing eminent domain in the future.
Former Marsh store could become apartment building
The bankruptcy of Marsh has forced developers throughout central Indiana to find creative reuses for the former supermarket spaces. In Martinsville, plans are being finalized to transform a Marsh husk into a two-level apartment project as part of a $3 million redevelopment.
Children’s Museum, city join forces to find options to save historic Drake building
The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
Construction of South Meridian condo project might be phased
The developer was forced to rethink the project across from Circle Centre mall after anticipated costs ballooned past the expected $8 million to $10 million investment.
KKR makes formal approach to Walgreens on possible record buyout
Walgreens Boots, which has more than 50 stores in central Indiana, has a market value of about $53 billion and $16.8 billion of debt. At that size, a take-private deal by the company would top the largest leveraged buyout in history.
Memory Bank: Band leader comes to Indy in 1946
Jazz singer, saxophonist and band leader Tony Pastor signs his name on albums and photos at Wasson’s department store in downtown Indianapolis on July 19, 1946.
Album, CD business booms for one firm, even as streaming grows
Over the last decade, streaming sites and compressed file-sharing technologies such as MP3 have chased most “physical” media from the forefront of the audio and video recording industries. But Chip Viering sees that as an opportunity.