Arby’s parent firm buys Jimmy John’s Sandwiches
The fast-sandwich chain was founded in 1983 in Illinois and now has 2,800 locations in 43 states. There are 22 in Indianapolis proper and more than a dozen more in the surrounding metropolitan area.
Real Estate
Articles
Local developer plans to take up Cambria flag with proposed downtown hotel
A 148-room Cambria hotel is planned for South Meridian Street, less than one year after a local developer scrapped plans for a hotel near the same location with the same brand.
Louie’s Wine Dive, Taste Cafe close College Avenue sites while eyeing revivals
The owner of Taste plans to reopen early next year in a new space within a mile of the former restaurant at 52nd Street and College Avenue.
After delay, developer moving ahead with $46M canal apartment project
Louisville-based Investment Property Advisors is planning 279 additional units and more than 28,000 square feet of retail space just south of its 9 on Canal project, to be dubbed 350 West.
After 105 years, Brenner Luggage closes last store
In 1914, Charles Brenner started manufacturing his first products—fiber board suitcases and traveling bags—in a factory on the south side of Indianapolis. A sign now posted inside Brenner Luggage’s last retail location says it’s closed permanently.
Courtney Cole, one half of Hare Chevrolet’s ‘Sisters of Savings,’ dies after cancer battle
Cole and sister Monica Peck took over the business in 2008 from their parents, just as the Great Recession was gathering steam. They more than doubled their sales after the “Sisters of Savings” radio ad campaign began.
Brownsburg’s newly built downtown starting to fill up
Through a series of developer partnerships that included $53 million in private funding, more than $90 million worth of new buildings and infrastructure improvements have been added along or near North Green Street.
Is Westfield growing too fast?
As Westfield’s housing stock and population balloons—following the rapid growth Carmel and Fishers have experienced for more than a decade—some residents are concerned too much development is coming too fast. And they’re pushing back.
Area existing-home sales fall for eighth time in past nine months
On a year-to-date basis, closed sales are down 1.5% in the 16-county central Indiana area, to 23,631.
Memory Bank: Cars on display in Westfield
This Westfield photo was on a postcard mailed Aug. 24, 1911. At the time, the community was already more than 75 years old. It was settled in 1832 by Quakers who left North Carolina to protest slavery and established a stop on the Underground Railroad. They initially called the town—which was laid out with 48 […]
Developer acquires Carmel shopping center, seeks grocer for former O’Malia space
KennMar has acquired the Brookshire Village Shoppes retail center and is working to fill the anchor space, which has been empty since Marsh closed the O’Malia Food Market there in summer 2017.
Long-delayed, $60M project in Mapleton-Fall Creek back on track
The neighborhood’s community development corporation has recast its vision for the expansive Central@29 project and hopes to begin construction of its first phase of apartments next summer.
Indianapolis-based 1205 Distillery planning tasting room in Westfield
The new tasting room will feature craft cocktails made exclusively with 1205 Distillery spirits, plus local beers and wine options.
Memory Bank: Cornerstone is placed on iconic Irvington building
Mosaic Church and Irvington Vinyl and Books are in the building today.
Fishers Test Kitchen helping young chefs give it a go
Three chefs will take up residency at the kitchen for one to two years, showcasing their food, gaining business skills, and building a local following in preparation for moving on to open their own locations.
Restaurant chain prospers by staying out of the street-side marketplace
Carmel-based CC Holdings manages dozens of restaurants and coffee shops, but few are in conventional locations.
Developer Litz & Eaton split leaves messy trail
Five years after the prominent developer upped its business ambitions—going from a home-renovation firm to high-end, multi-home projects—the firm is unraveling.
U.S. retail sales show solid increase as auto-buying jumps
Figures released Friday showed August retail sales advanced more than forecast, while consumer sentiment rebounded from an almost three-year low.
Finding right use for Carson’s space a tough challenge, panelist says
Circle Centre’s role as a hospitality gateway and downtown attraction was among the topics covered during a wide-ranging panel discussion at IBJ’s Commercial Real Estate and Construction Power Breakfast.
Chatham Tap taking over former Scotty’s site on Butler campus
It will be a third location for Chatham Tap, which opened its first site in 2007 at 719 Massachusetts Ave. in Indianapolis. A second location opened in 2010, at 8211 E. 116th St. in Fishers.