![](https://www.ibj.com/wp-content/uploads/2019/08/Rop_Drake_081619_bp450-300x197.jpg)
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.
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.
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.
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.
A group of local investors is considering adding two floors to the former home of The Varsity Lounge, which dated back to the 1940s.
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.
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.
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.
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.
Upstairs from Wei Ramen, and under the same ownership, Indy Cyber Cafe plans to offer coffee, desserts and a pay-for-use business center.
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.
The Deerfield, Illinois-based company operates more than 18,000 stores worldwide, including 55 or so in the Indianapolis area.
Fusek’s True Value Hardware has been located in the Lockerbie Marketplace development since June 2004.
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.
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 classified 103 of this year’s closures as “temporary,” and said it plans to reopen the stores under its new franchise partnership program.
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 […]
Business has been slow to build at Beholder, which isn’t yet consistently profitable and has had to cut staffing to the bone.
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.
Indianapolis-based Sun King acquired the business assets of the former Thr3e Wise Men location on Broad Ripple Avenue in an auction Thursday.