Gerald Paul, co-founder of Paul Harris Stores, dies at 95
In addition to co-founding and leading national women’s clothing retailer Paul Harris Stores, Gerald Paul was an active philanthropist in local arts, education and Jewish causes.
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Downtown condo features great views, fresh renovation
Jeff and Anna Tegethoff spent 16 months renovating a condo at 429 N. Pennsylvania St. into what he calls an “urban oasis.” But six months after moving in, they’re putting the house on the market.
Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Residential Real Estate: Marketplace Stats for October 25, 2019
Inventory remains low. As of Sept. 1, the region had just two months of supply—10% less than at this time last year—meaning it would take just two months to sell out the current inventory of houses if no more came on the market.
Memory Bank: Selling fall produce outside Tomlinson Hall
This photo of an Indianapolis City Market vendor taken Oct. 6, 1923, shows the back side of the stands, with vehicles pulled up and fruit and vegetable crates tossed aside.
Ambrose rejects city’s $6M offer for GM stamping plant site
The offer came during a 40-minute meeting at Ambrose’s headquarters on Monument Circle, at which the two sides discussed their ongoing dispute over the city’s insistence that it acquire the 91-acre property, using eminent domain if necessary.
Ambrose files notice to sue city, says it has suffered at least $30M in damages
Ambrose Property Group says it intends to accuse the city of slander of title, defamation, tortious interference, fraud “and any and all other relevant tort claims.” The city contends it has acted properly.
Developer of firehouse project in Butler-Tarkington eyeing start by year’s end
Third Street Ventures has received permits for nonstructural interior demolition of the former fire station near 56th and Illinois streets, but it hasn’t yet firmed up the building’s commercial use.
Online ordering boom gives rise to virtual restaurants
Thousands of restaurants are experimenting with virtual spinoffs, offering new cuisine concepts with food prepared inside pre-existing kitchens. Others are opening “ghost kitchens,” where all food is prepared to-go.
IBJ Podcast: The latest on Indy’s downtown restaurant scene—what’s coming, what’s going
IBJ real estate reporter Mickey Shuey describes the downtown restaurant scene, with details about what’s closing, what’s opening and what’s coming in the future. Plus, find out where you’re likely to spy some IBJ reporters the next time you’re out for lunch.
MEMORY BANK: Burger Chef opens 450th restaurant
Burger Chef launched in Indianapolis in 1958 and opened its first downtown location in September 1965.
Brokers say downtown dining scene hopping despite high-profile closures
A host of big-name restaurants has closed downtown over the past year amid financial struggles and disappointing sales.
IHPC members pan design of proposed 22-story addition to Morrison Opera Place
Members of the Indianapolis Historic Preservation Commission on Thursday said they would be hesitant to support the design for the proposed $60 million, addition. One even called it a “brutal proposal.”
Bottleworks adds three more tenants to Garage Food Hall lineup
The Garage Food Hall is part of the much larger, 12-acre, $300 million Bottleworks development at 850 Massachusetts Ave. that will include retail, residential, office and restaurants, as well as a hotel.
Hotel Tango to open tasting room near Zionsville’s village
The craft distiller is partnering on the project with Indianapolis-based Jackson Investment Group, which this summer acquired the 10,300-square-foot building where the tasting room will operate.
Clif Bar completes $10M bakery renovation, expansion project in Indianapolis
The energy bar giant said it added 24,000 square feet to the 185,000-square-foot building at 7575 Georgetown Road on the city’s northwest side. About 430 people work at the bakery.
UPDATE: Transportation contractor plans $11M headquarters on southeast-side
Milestone Contractors LP received approval for incentives from the city of Indianapolis tied to an effort to build a 25,000-square-foot office building and 52,000-square-foot garage in Beech Grove.
New Jersey firm buys massive Amazon facility in Greenwood for $81.5M
Holmdel, New Jersey-based Monmouth Real Estate Investment Corp. bought the 615,747-square-foot building at 1151 S. Graham Road from local firm Scannell Properties earlier this month.
Longtime downtown Mexican eatery Acapulco Joe’s changes ownership
Acapulco Joe’s, 365 N. Illinois St., has been acquired by Ezequiel Fuentes, who owns or co-owns nine other Mexican restaurants in the region, including one in Zionsville. It will close for a couple of weeks for renovations.
South-side revival: Inside the restoration of the 119-year-old Turnverein
Turning a former German social club and gym into the offices of a medical claims management organization and international travel insurance company was no small order—especially because the building had to remain more-or-less true to its original form to qualify for the federal Historic Tax Credit program.