Credit mess puts Ralston on hold
A $60 million project slated for South Street between Meridian and Pennsylvania streets is on hold until credit markets return to some semblance of normal, the developer…
Retail
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Around town retail roundup
Loads of retail news to report today:
UPDATE: The Taste of Tango restaurant may be back on track. A sign on the door says the restaurant is “coming soon” and “now hiring.” Old…
Retailers save on energy costs through innovative lighting, heating and cooling
With energy costs at historic highs, retailers are struggling to find ways to trim the cost of lighting, heating and cooling
their stores and other facilities. The process of wringing out savings can be long, difficult and complex. However, the rewards
are too substantial to ignore.
Simon Property Group exploring overseas markets
Simon Property Group Inc. has been readying its balance sheet and sizing up buyout targets in hopes of capitalizing on
a worldwide markdown on shopping-center owners.
Ace eyes Fall Creek Place
King Park Area Development Corp. is in advanced talks with Ace Hardware to anchor a new retail project at the northeast corner of 22nd and…
Watch out, King David
A California chain called Jody Maroni’s Sausage Kingdom plans to open a new store in Circle Centre Mall. The restaurant calls itself “Home of the Haut Dog” and serves gourmet…
Before & After: Fountain Square
A former used-appliance store in Fountain Square has a whole new look after a $300,000 renovation. The property at 1315 Shelby St. now has four…
New life for Whole Foods plan?
An Atlanta firm is hoping to revive the development of a Whole Foods grocery at the northwest corner of 86th Street and Keystone Avenue. Dominion Capital, which took over the site…
Hat World shows sign of recovering from lackluster year
The locally based headwear retailer Hat World made a name for itself by snatching up competitors and opening hundreds of
stores around the country. However, after sluggish sales in the fiscal year that ended Feb. 2, the company–a
unit of Nashville, Tenn.-based Genesco Inc.–says it plans to open fewer stores than usual this year so
officials can put their focus back on existing operations.
Popular Crawfords bakery closing
Crawfords Bakery & Deli is closing its retail bakery at 16th Street and Capital Avenue across from Methodist Hospital. The local company, established in 1981, will continue operating a 25,000-square-foot wholesale…
Independent coffee shops feeling perkier than Starbucks
At a time when Starbucks is closing hundreds of stores nationwide, he and other local independent coffeehouse owners say they’re doing just fine, largely because they’re infusing their stores with personality and offering consumers an experience chain stores can’t replicate.
BW3, Madame Walker & Adobo
Wow, what a busy day. First off: No luck so far snagging a rendering of the new Buffalo Wild Wings under construction along Washington Street…
High fuel prices take toll on resale values for trucks, SUVs
As motorists rush to buy antacid pills with each $4.25-a-gallon fill-up, the same car dealers who got pudgy five years ago selling SUVs with $6,000 profit margins are scrambling to profit from Aveos or anything else with decent mileage.
Ailing Steak n Shake rehires ad agency, but will pact stick?
Local advertising powerhouse Young & Laramore signed a new contract with Steak n Shake, one of its flagship clients, just
two weeks ago, but ad industry observers can’t help but wonder if the 18-year-old relationship is about to run its course.
Before the ink on the contract was dry, the struggling hamburger chain had a new board chairman who is likely to shuffle Steak
n Shake’s executive suite and take the company in a new direction.
Neighbors appeal CVS approval
The Old Northside Neighborhood Association is fighting an administrative approval of plans to build a CVS pharmacy at the southeast corner of 16th and Meridian streets. The Metropolitan Development…
Three failed businesses sink former Carson foe Dickerson
Former car dealer and congressional candidate Eric Dickerson has filed for personal bankruptcy after three failed businesses
left him saddled with more than $1 million in debt. Dickerson says he is virtually broke save for a $101,000 inheritance he
is set to receive from the estate of his late mother.
Rink-Savoy, Fresh Market & more
Rink-Savoy honored
A $7.4-million renovation of the Rink-Savoy apartment building downtown (shown here) has won first place in a competition that honors the best in developments that utilize low income housing tax…
Rebirth for Ambassador?
Two local developers have submitted bids to redevelop the Ambassador apartments adjacent to the Central Library. Van Rooy and Buckingham both proposed mixed uses for the Ambassador building, with street-level retail and commercial…
Update: Monon Place approved
The Metropolitan Development Commission approved a $15-million Broad Ripple redevelopment project by a 9-0 vote this afternoon, disagreeing with a handful of vocal remonstrators. In siding with the developer,…
New Lafayette Square owner pitching major expansion
Lafayette Square Mall could look a lot like the revitalized Glendale Town Center in a few years if the mall’s new owners get
their way. A proposed site plan shows that New York-based Ashkenazy Acquisition Corp. doesn’t intend to settle for filling
the mall’s ample vacant space.