Philadelphia-based Rubenstein Partners and Strategic Capital Partners of Indianapolis have acquired the Precedent Office Park, the second large local business park purchased by the partnership in the past 18 months.
The Chicago-based pizza chain has started construction on its third Indianapolis restaurant, a former Max & Erma’s, while Weekends Only prepares to open its second local store, in a former Kroger supermarket.
She has listed the historic church building since 2015, originally for $1.85 million, but has dropped the asking price to $1.59 million as she finishes a second round of renovations.
Sports Direct International again has increased its holdings in the Indianapolis-based athletic shoe and apparel retailer.
A 17-year veteran of the Indianapolis Historic Preservation Commission has been appointed administrator of the city body, replacing longtime leader David Baker.
The owner of a complex near where Sun Development wants to build a dual-branded hotel incorporating a historic church is suing over a strip of land that would run through the project.
In the last three years or so, development along a roughly 20-block section of East 16th Street stretching from Pennsylvania Street east past the Monon Trail has exploded.
A franchisee has agreed to open five locations in the metropolitan area, with the first expected to begin operating in August, in the former Fox & Hound space on the city’s northeast side.
Ultimately, two Ohio-based grocery chains, Kroger Co. and Fresh Encounter, agreed to buy 26 of Marsh’s 44 remaining stores for a total of $24 million.
Founders H.H. and Fansy Gregg opened the first store at 4930 N. Keystone Ave. in 1955, and family members helped build the chain to more than 200 locations in the decades that followed.
Two years after the project was announced, the city still had no commitment from 21c that it would move forward anytime soon.
Two locally based companies, HHGregg Inc. and Marsh Supermarkets Inc., contributed to the count in a big way, shuttering more than 280 locations between them.
Restaurateurs Peter George and Thomas Main had hoped to open their BBQ Barn in June, but now they’re unsure if they’ll pursue the concept at all, after experiencing costly delays.
The local developer has modified its plan and wants to build an affordable senior housing project on the far-east-side church property instead of in the church itself.
J. Benzal exited Massachusetts Avenue in October and is moving to new space near where a national men’s clothier closed earlier this year.
The Colorado-based micro-brewery offered craft beer in Indianapolis long before the trend took off. to become much more competitive. The downtown location remains open.
The owner of the structure, which served as a Greyhound bus terminal until 2001, is modernizing the space in hopes of attracting a mix of office tenants and restaurants.
The city of Indianapolis has taken a major step toward building the $572 million criminal justice center in Twin-Aire neighborhood where the Citizens Energy coke plant once stood.
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
The 316-room, dual-brand hotel building is expected to be finished in April 2019, about two years before the city hosts the NBA All-Star Game.
