Should this building be saved?
Historic preservationists and midtown neighborhood leaders don’t want to lose the Drake apartment building that its owner, The Children’s Museum of Indianapolis, plans to raze.
Real Estate
Articles
Plus-sized retailer with two local stores going out of business
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
U.S. retail sales rise strongly in sign of consumer optimism
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
IU Health opening 3 more urgent care centers, including one downtown
The clinics are designed to treat patients quickly for such things are earaches, nose bleeds, twisted ankles and rashes, eliminating the need to go to a busy emergency room or wait several days to see a primary care doctor.
Former site of downtown bar could become office, apartment project
A group of local investors is considering adding two floors to the former home of The Varsity Lounge, which dated back to the 1940s.
Martinsville sock-maker FBF Originals ready to run
The Morgan County town’s best-kept entrepreneurial secret might not be a secret much longer, thanks to private equity ownership, an expanded management team, and ambitious plans to double revenue.
Memory Bank: Printing papers, binding books
William Mitchell founded Mitchell Printing Co. in 1856 in Greenfield. It initially printed the Greenfield Sentinel newspaper and, starting in 1859, the Hancock Democrat, as well as other brochures, books and journals.
What Sardar Biglari needs to fix to save Steak n Shake
The hedge fund manager, who gained control of the Indianapolis-based chain a decade ago, is facing challenges on many fronts—from declining customer traffic to a looming loan maturity.
Bottleworks adds two more tenants to Garage Food Hall lineup
Vendors who sell seafood and distilled spirits have signed leases in the food hall portion of the $300 million Bottleworks development at 850 Massachusetts Avenue.
Wei Ramen restaurant preparing to open downtown
Upstairs from Wei Ramen, and under the same ownership, Indy Cyber Cafe plans to offer coffee, desserts and a pay-for-use business center.
Women’s retailer Charlotte Russe to reopen in Castleton Square
The company shut down all five of its Indianapolis-area stores earlier this year after filing for bankruptcy, but the brand has a new owner that is reopening stores in some locations.
Walgreens to shut 200 U.S. stores as part of cost-cutting plan
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
Hardware store owner says relocation of store far from certain
Fusek’s True Value Hardware has been located in the Lockerbie Marketplace development since June 2004.
Kite Realty Group sells off 14 properties for $415 million
The divestitures are part of what the company calls Project Focus, a previously-announced project to sell off non-core assets and pay down debt.
Lockerbie hardware store eyeing new location along North Penn downtown
Fusek’s True Value hopes to stretch its footprint and add a garden center at the new location while exiting a block bought by a local developer in recent years.
Steak n Shake closures top 100 in 2019 amid slowing customer traffic
Steak n Shake classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]
Jonathan Brooks’ Beholder restaurant has had a tough year
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
Another Carmel restaurant closes, citing U.S. 31 project for hurting business
At least four restaurants in the area have blamed their closings on the U.S. 31 project. Carmel says other nearby restaurants are doing just fine.
Sun King to open Broad Ripple taproom at former Thr3e Wise Men site
Indianapolis-based Sun King acquired the business assets of the former Thr3e Wise Men location on Broad Ripple Avenue in an auction Thursday.