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Retail
Well-located Carmel retail center plagued by vacancies
June 18, 2011
Cory SchoutenMerchants' Square shopping center, built in 1970 as the enclosed Keystone Square Mall and redeveloped into an open-air center
and renamed in the mid-1990s, is riddled with vacancies and bracing for another high-profile departure, despite its prime
location.
MoreAnderson firm to sell antimicrobial product in big box stores
June 18, 2011
IBJ StaffCoeus Technologies has begun selling its Ultra7 product through HomeDepot.com.
MoreIHOP adding several restaurants
June 18, 2011
IBJ StaffThe chain is trying to regain a foothold in central Indiana with two locations under construction and at least three more
in the works.
MoreINSIDE DISH: Italian eatery tables expansion amid downturn
June 17, 2011
Mason King
Aaron O'Mara, co-owner of Augustino's, expected to open several
locales until the economic downturn and a dip in sales scuttled those plans. Now he hopes to hold the line.
Airport Borders store on bankrupt chain's hit list
June 14, 2011
Maria LaMagnaIndianapolis International Airport officials could know by next week whether the Borders bookstore inside the terminal will
survive a third round of store closures tied to the chain’s Chapter 11 bankruptcy proceedings.
MoreReport paints brighter picture for retail
June 14, 2011
Tom HartonThe real estate investment firm Marcus & Millichap says vacancy rates and tenant concessions in Indianapolis are falling
while rents and sale prices are poised to rise.
MoreCity picks team for $15M Broad Ripple parking garage
June 13, 2011
Anthony SchoettleThe structure planned for the southwest corner of Broad Ripple and College avenues also would include first-floor retail space
and a police substation. Construction is set to begin this summer and be complete by mid-2012.
MoreR.Lynda clothing boutique pulls plug on venture before opening
June 11, 2011
IBJ StaffConstruction of the shop at Traders Point Shopping Center was already underway.
MoreLocally based Business Furniture expands into Illinois, Iowa
June 11, 2011
Anthony SchoettleNew markets to be added later this year are expected to double the company's sales within five years.
MoreEco-friendly downtown supply store closes
June 9, 2011
Chris O'MalleyGreen Way Supply, a pioneering green construction products store, has gone out of business, but one of its partners is planning
a new building supply store with mix of green and traditional products.
MoreMagistrate reverses David Marsh deposition ruling
June 9, 2011
Scott OlsonCiting new information, U.S. Magistrate Tim A. Baker now says lawyers for Marsh Supermarkets can depose David A. Marsh, son
of the company's former CEO, Don Marsh. Baker previously ruled that he couldn't be deposed.
MoreInaugural Chowdown Midtown event set for launch
June 6, 2011
Scott OlsonMirroring the popular Devour Downtown event, Chowdown Midtown features 34 restaurants in the Broad Ripple area offering specific
menu options for the set price of $30. The event runs through June 16.
MoreMultiple tenants likely needed to plug Nordstrom hole
June 4, 2011
Greg AndrewsNordstrom occupies a staggering 210,000 square feet spread across three floors—60 percent more space than the Seattle-based
chain occupies at the Fashion Mall at Keystone and likely more than any single retailer would be willing to lease.
MoreBull-themed Cadillac Ranch takes over Music Mill
June 4, 2011
IBJ StaffNightclub Cadillac Ranch plans to open a location in the former Music Mill restaurant and concert venue on 82nd Street.
MoreFinish Line settles with former employee
June 3, 2011
The Indianapolis-based athletics retailer agreed to pay $38,000 to the worker after the Equal Employment Opportunity Commission
claimed it violated federal law by firing her because of a physical disability.
MoreHHGregg gets 'Help' from Beatles to sell big screens
June 3, 2011
J.K. WallThe Indianapolis-based retailer launched its first national advertising campaign using the tagline “We Help” and
the Beatles song “Help!” as its soundtrack.
MoreCircle Centre can survive Nordstrom exit, experts say
May 28, 2011
Cory SchoutenAnchor store Carson Pirie Scott negotiated a new lease in January, giving the downtown mall added stability at a key time.
MoreLululemon Athletica, Five Below to open Indianapolis stores
May 28, 2011
IBJ StaffYoga apparel specialist, store geared toward teens plan local presence.
MoreKanaan, Carpenter items boosting Indy 500 merchandise sales
May 28, 2011
IBJ StaffConsumers open wallets for drivers who aren't front-runners this year.
MoreINSIDE DISH: Mexican mainstay puts second spot on front burner
May 27, 2011
Mason King
After 25 years at La Margarita, stabilizing sales and surviving family
tragedy, owner Lori Rangel-Grubbs is branching out to Fountain Square.
Nordstrom: Weak sales prompting closure of Circle Centre store
May 26, 2011
Scott OlsonCompany President Erik Nordstrom said sales have fallen by half at the Circle Centre mall store since Nordstrom opened a Keystone
Crossing location in 2008. The downtown store will close July 31.
MoreHHGregg's profit, revenue rise, but same-store sales fall
May 26, 2011
IBJ StaffIndianapolis-based HHGregg boosted its fourth-quarter profit thanks to 42 stores that opened during 2010, off-setting decreased
sales at retail locations operating for more than a year.
MoreNordstrom closing Circle Centre store
May 26, 2011
Cory SchoutenNordstrom plans to close its store at Circle Centre mall, dealing a substantial setback for downtown. The Seattle-based chain
was scheduled to announce the closure to employees at a mandatory staff meeting Thursday morning, a person familiar with the
plans told IBJ.
MoreCity Market set to oust 19-year tenant Enzo Pizza
May 25, 2011
Scott OlsonDirectors of the historic building have notified the pizza restaurant that it needs to have its equipment removed by the end
of the day on Friday after the two sides could not agree on a new lease.
MoreSimon Property to develop outlet center in Canada
May 23, 2011
Associated PressIndianapolis-based Simon Property Group Inc. said Monday that it will open an outlet shopping center in Ontario, the first
of the shopping mall owner's line of Premium Outlets-brand shopping centers in Canada.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.