Henke hopes to land hotels, eateries, grocery along U.S. 31 in Westfield
Developer Steve Henke has revealed his preliminary plans for a 40-acre commercial project to be known as the Commons at Chatham Hills.
Retail
Articles
Fountain Square eatery temporarily closed by state
The Asian restaurant that’s been closed since Feb. 1 isn’t set to reopen until Feb. 15, allegedly due to violating state tax code, according to a sign on the door.
Noblesville’s Corporate Campus fills in with homes, restaurants, retail and more
Noblesville laid the groundwork for the campus in 2002. When East 146th Street opened in 2007, city leaders believed it would take 20 years for the area to build out. But it’s happening much faster.
Undaunted, HHGregg CEO sees clear path to turnaround
Robert Riesbeck, appointed to the top job last year, says growth opportunities in appliances and furniture are sufficient to offset declines in the company's battered consumer electronics product line.
Restaurant owners charged with underreporting $1.8M in sales
The two owners operated six eateries in central Indiana, including one in Indianapolis, and have agreed to pay nearly $143,000 in restitution to the state Department of Revenue.
Retail group predicts solid sales growth despite struggles for some stores
Despite a bumpy holiday season and other issues, the largest retail trade group says it's still optimistic that sales will grow this year.
Restaurateur Brown to close Mass Ave Pizzology, open new eatery
Neal Brown, who’s already busy taking over the Recess space south of Broad Ripple for a new eatery, also is cooking up something new in the current location of Pizzology on Mass Ave.
Two new stores coming to Fashion Mall, two others expanding
The arrivals and expansions follow a busy year for the upscale north-side mall, which saw plenty of activity in 2016.
Stumbling HHGregg shares face delisting from stock exchange
The New York Stock Exchange has notified HHGregg that the company’s stock price needs rise above avoid a delisting. Its market cap also needs a boost.
Hudson’s Bay reportedly in early takeover talks with Macy’s
If a deal occurs, Hudson’s Bay might fold Macy’s assets, worth about $20 billion, into HBS Global Properties, its joint venture with Indianapolis-based Simon Property Group.
Struggling HHGregg lays off 100 in bid to save $15M a year
In a statement, CEO Robert Riesbeck said: "While decisions like this are never easy, we are taking the necessary steps to preserve and grow our business during the continued challenging retail environment.”
Marsh Supermarkets’ financial struggles have long history
Sun Capital Partners bought Marsh Supermarkets in 2006, rescuing it from potential collpase. But now, more than a decade later, the financial woes have returned.
State GOP leaders ready to make another run at Sunday sales
Grocery chains, convenience stores and pharmacies have pushed for years to have Indiana's eight decades-old ban lifted and be able to sell alcohol on Sundays, but a compromise has been elusive.
Milhaus putting $450M apartment portfolio on market
Indianapolis-based developer Milhaus is marketing a massive package of multifamily properties that includes several high-profile developments in Indianapolis.
Recess closing with Neal Brown eatery set to take its place
Greg Hardesty will serve his last patrons Feb. 18 at the popular bistro south of Broad Ripple. He will turn it over to another high-profile local restaurateur, who will open a Japanese-inspired concept in the space.
Simon Property tops expectations with fourth quarter results
Indianapolis-based mall giant Simon Property Group saw increasing profit, revenue, occupancy and rents in the latest period.
Finish Line reaches deal to sell JackRabbit chain of running shoe stores
The Indianapolis-based retailer plans to take a pretax charge of as much as $36 million in connection with the sale of the money-losing business to a Los Angeles-based investment firm.
HHGregg lives up to predictions with dismal quarter
The retailer took a whopping loss of $58.3 million in the quarter, more than double the loss of $26.9 million it took in the third quarter of the previous year.
UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
Airport looks to add more local flavor to concessions
Indianapolis International Airport wants to bring in more local vendors as contracts with some current concessionaires expire, and add other features to better reflect the character of the city.