Apartments proposed for land that sparked 10-year battle between Zionsville, Walmart
A three-building apartment complex could be built on property where Walmart once fought to open a 300,000-square-foot superstore.
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With Kite shares stuck in discount bin, dividend investors can hit jackpot
Kite Realty Group Trust now sports a whopping 8.5 percent annual dividend yield—by far the highest of any publicly traded firm in Indiana—a reflection of the cold shoulder investors are giving retail real estate companies as internet sales soar higher.
Amazon to give Prime members extra discounts at Whole Foods
The online retailer has made a number of changes to Whole Foods since it bought the chain last year.
Macy’s shares soar as profit surpasses expectations
With customers in a mood to spend, particularly on clothing, Macy's surpassed all profit and revenue expectations for the first quarter of the year and raised its outlook.
U.S. retail sales continue rebound with solid April showing
U.S. retail sales rose at a solid pace in April, a sign that consumers are bouncing back from weak spending earlier this year and driving stronger economic growth.
Closure puts future of Tim Hortons in Indianapolis area in doubt
The Canada-based coffee and doughnut chain had plans for at least five Indianapolis-area locations, but it already plans to shut down the first one after only a few months in operation.
Ambrosia-inspired restaurant, ice cream shop slated for Fountain Square landmark
One of the city’s best-known Italian restaurateurs and a Fort Wayne-based purveyor of quirky frozen treats will be neighbors in the 90-year-old building that anchored Fountain Square’s revival.
High-end auto shop buys north-side building for restoration, storage services
A car-care staple in Meridian-Kessler is expanding to the Keystone Avenue corridor to open up space for rejuvenating classic models and giving their owners a white-glove option for storage.
Mexican eatery to take snakebit space in Fall Creek development
Two well-regarded eateries have failed in the space since late 2016.
Inferno Room tiki bar coming to Virginia Avenue
Owner of Black Market and Rook wants to draw rum enthusiasts to South Pacific-themed spot in Fountain Square. Also this week: Condado Tacos in Broad Ripple and a Walmart experiment in Noblesville.
Indianapolis-area auto dealers selling to bigger groups
The local car dealerships Hoosiers have long visited when shopping to buy a set of wheels could bear new names in coming years as aging owners look to sell off their businesses.
Wind-down of Marsh Supermarkets paints ugly financial picture
Tens of millions of unsecured claims will go unpaid when the Indianapolis-based grocery chain completes its liquidation in bankruptcy court.
Circle Centre to restore mall access via closed Carson’s store
The Carson’s anchor store went out of business April 29. Its Washington and Meridian street entrances have been closed since then, blocking key entryways into the mall.
Pancheros Mexican Grill to enter Indy market with multiple stores
The Iowa-based chain of fast-casual Mexican restaurants has more than 70 stores in 14 states.
Hustler Hollywood loses appeal for Castleton-area store
A ruling on Monday from the 7th Circuit Court of Appeals upheld a city ordinance that prohibits adult entertainment businesses from operating in certain areas.
Revamp of former Cerulean restaurant space now has name, opening timeframe
The Italian-themed eatery in the upscale Alexander hotel will be operated by the same homegrown firm that has created some of the best-reviewed restaurants in the city.
Sun King unveils restaurant lineup for Carmel distillery, tap room
Sun King Brewery on Tuesday announced plans to fill the food hall in its soon-to-open tap room and distillery in Carmel with four independently-operated eateries.
Restaurant chain Steak n Shake posts third straight quarterly loss
The Indianapolis-based restaurant chain saw declining customer traffic and sales in the first quarter.
Students’ solution for Lafayette Square: ‘Tear it down, build industrial’
Leaders of a collegiate contest for real estate development elected the struggling west-side shopping center as a case study. The winning entry suggesting wiping the slate clean.
Restaurant chain owners in Indiana charged with underpaying taxes
The owners of a chain of restaurants in six Indiana counties have been charged with underreporting more than $8 million in sales, Marion County Prosecutor Terry Curry announced Thursday. The chain includes two restaurants in Marion County and one in Plainfield.