It will be the third Indiana location for Fort Wayne-based Eddie Merlot’s, which plans to take over space in one of downtown’s oldest buildings vacated last year by Red the Steakhouse.
There was no shortage of huge news stories in central Indiana this year—with Roger Penske’s purchase of the Indianapolis Motor Speedway, the launching of the Red Line and the closing of trucking giant Celadon.
The law, which passed with bipartisan support in April, created funding plans for most of a $360 million renovation of Bankers Life Fieldhouse and the construction of a $150 million soccer stadium for the Indy Eleven by diverting millions of dollars in annual state tax revenue to the Capital Improvement Board.
Ambrose had detailed plans in 2018 for a $1.4 billion, mixed-use development called Waterside—and said construction would start in 2019. But on Sept. 27, Ambrose said it planned to reposition its business and move away from mixed-use and office projects, including Waterside.
When Scotty’s filed for Chapter 11 bankruptcy protection in December 2018, it had 19 locations, including seven Indianapolis-area Scotty’s Brewhouses and a Thr3e Wise Men Brewing Co. in Broad Ripple. By the middle of this year, most of those had closed, including all the Indianapolis-area sites.
As Illinois prepares to join Michigan in the recreational pot market on Wednesday, officials are renewing warnings to consumers against carrying such products over state lines.
Arrow Street Development hopes to build two five-story buildings—each with ground-floor parking garages—as a single complex called Wesley Place on North Illinois Street.
Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
Indianapolis-based market leader Denison Parking Inc. on Monday said it acquired EZ Park of Indianapolis Inc., the second largest parking operator in central Indiana.
A contingent of 16 local officials will be in New Orleans this weekend for the College Football Playoff National Championship, as Indianapolis ramps up preparations to host the massive event in two years.
A bright spot was the U-6, or underemployment rate, which fell to 6.7 percent, according to Bloomberg News. This level was lower than at any point since at least 1994.
Circle Hall was constructed for the Second Presbyterian Church in about 1840 on the northwest quadrant of the Circle at Market Street—the spot where the English Hotel and Opera House, a J.C. Penney and then the Anthem headquarters would later be located.
The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.
Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.
The Indianapolis-based sports organization believes it has taken positive steps to emerge from the rubble of the biggest sexual abuse scandal in sports history. The changes it has instituted since summer 2017 are both obvious and subtle.
Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads.
Officials for tourism bureau Visit Indy have been trying to lure the nation’s largest dental association to Indianapolis for its annual meeting since 1999.
The Federal Reserve sketched a mostly positive picture of the U.S. economy after its latest policy meeting. It also repeated its pledge to “monitor” the world economy, which may be held back in the coming months by China’s viral outbreak.
The Harbour, YogaSix and Witch Hazel Salon will join a growing list of tenants for the first phase of the 12-acre, $300 million mixed-use development at 850 Massachusetts Ave., officials said.
