Minnesota-based tool retailer set to enter Indianapolis market
Northern Tool + Equipment, a growing tool and equipment retailer with more than 100 stores in 21 states, is entering Indiana with two Indianapolis stores that are set to open Oct. 31.
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UPDATE: Marion County reschedules canceled tax sale for early 2020
The sale was scheduled to take place Thursday and Friday but a clerical error forced the Treasurer’s Office to cancel the event. Nearly 1,200 parcels with minimum bids totaling some $6 million were to be auctioned and will now be available at the rescheduled sale in February—unless the owners pay their delinquent taxes.
New restaurant to open in former Corner spot in Broad Ripple
The new owners, who acquired the lease and liquor license at auction, operate two other restaurant and bars in Indianapolis—one downtown and one in Castleton.
GFS plans $160M local distribution facility, hundreds of jobs
Gordon Food Service plans to hire and train more than 200 workers for the distribution center at hourly wages of $20 to $25 an hour before the facility opens in late 2021. Longer term, employment at the facility is expected to be much greater.
Dick’s Sporting Goods CEO says new gun policies cost company quarter-billion dollars
Even while the National Rifle Association, Republican lawmakers and critical customers have blasted CEO Ed Stack, he said the company’s entire firearms category is under “strategic review.”
North-side community development group searching for new CEO
Top executive Leigh Riley Evans plans to leave Mapleton Fall Creek Development Corp. later this fall after helping shepherd a $60 million project.
Two-block office project by Methodist finally moving forward
The 4.5-acre site catty-corner to the downtown hospital complex is earmarked for a 250,000-square-foot office building and seven-level parking structure, to be connected by a skybridge. It also would include a grocery store.
Memory Bank: Bootlegger busted
In this Dec. 9, 1920, photo, three Indianapolis police officers pose with a still and some of the ingredients they confiscated during a raid at a farm a half-mile east of New Bethel (a town in Marion County now called Wanamaker).
Brown County distillery complex had 267,000 visitors in first year
One of Brown County’s newest tourist draws is also perhaps its most unusual. And it’s an integral part of the fast-growing family of local culinary/adult-beverage brands including Big Woods, Quaff ON and Hard Truth Distillery.
National Retail Federation forecasts solid holiday sales growth
The new holiday forecast is above the average holiday sales growth of 3.7% over the previous five years.
City still has grand vision for GM site, despite unraveling of $1.4B Ambrose project
Ambrose’s withdrawal from Waterside follows other changes at the firm, including the May defection of three senior executives to start Westfield-based Patch Development.
City threatens to take GM stamping plant land from Ambrose by eminent domain
The letter from the city’s corporate council to Ambrose says that to “avoid the delay and expense of a court process, we would welcome the opportunity to begin negotiation acquisition of the property immediately.”
Shoppers getting more options for returning online purchases
Retailers aim to reduce costs while making it easier for shoppers to return online items. The average return rate for online transactions is 25% compared with 8% for store purchases, according to Forrester Research
Simon Property to invest $280M in online shopping venture
The Indianapolis-based shopping mall giant announced Wednesday morning that it is partnering with Rue Gilt Groupe to create an online site that will allow users to shop for more than 300,000 products from at least 2,000 designers.
School district revives defunct Marsh store as nifty preschool
Shelbyville Central Schools bought the property and spent $13 million on a wholesale renovation and redesign to accommodate hundreds of children.
Plans for King Cole Building call for $21M redevelopment, Motto hotel
Indy Propco LLC, which has owned the 11-story building at 1 N. Meridian St. since January, wants to turn the property into a Motto by Hilton that would have at least 116 rooms, according to plans recently filed with the Indianapolis Historic Preservation Commission.
Forever 21 fashion chain files for Chapter 11 bankruptcy
Indianapolis-based Simon Property Group counts Forever 21 as its sixth-largest mall tenant, excluding department stores, with 99 outlets covering 1.5 million square feet, as of March 3.
Downtown restaurants too good to miss (and just happen to be located in hotels)
When a flight delay caused a late check in or a business meeting ran overtime, the on-site eatery at your hotel was the meal of last resort—and was nearly always approached with low expectations. That may still be the case in some areas, but it certainly isn’t in downtown Indianapolis.
Memory Bank: Kentucky Avenue stretches to Washington
An amateur photographer, Walter Carpenter, captured the street scene on March 9, 1913, where Kentucky Avenue met the intersection of Illinois and Washington streets.
Kite Realty seeks TIF funds for 3 mixed-use projects
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.