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Stadium neighbors see rising property values: Investors, entrepreneurs eye southwest side of downtown 70

August 29, 2005

The south end of downtown may not qualify as the hottest real estate market in town, but since plans for a new stadium were unveiled in January, the largely industrial area surrounding it has definitely heated up. Plans call for the stadium to be built on a two-square-block site bordered by Capitol Avenue, and South, Missouri and McCarty streets, now mostly occupied by surface parking. In the area surrounding that parcel, real estate sources report rising land prices and increased…

Contractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue

September 5, 2005

When a team of developers took on the renovation of downtown’s Buggs Temple in fall 2003, most windows in the historic church were missing, the roof was riddled with holes, and much of the sanctuary floor was in the basement. Almost two years later, it’s difficult to gauge the progress of the project by sight. The floor is entirely gone, as are the balcony, the doors and the few windows that remained. In that time, however, the building on West…

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

September 5, 2005

In February, Goldsmith suspended construction while he and advisers analyzed options. Within months, he gave Circle Centre the green light, and construction resumed-but not because he was convinced the project would succeed. “In the end, we decided job creation in the urban core and the psychological survival of the city were dependent on some development occurring downtown,” recalled Goldsmith, now a professor at Harvard University. “We went forward with the mall with great anxiety.” Today, 10 years after the September…

RETURN ON TECHNOLOGY: Is Google everything it’s cracked up to be?

September 5, 2005

It’s often hard to tell what’s a gimmick, and what’s a real business tool. As I sit staring thoughtfully at Google’s stripped-down, Zenlike home page, I can’t decide whether it’s another Clippy (the annoying animated paperclip character introduced in Microsoft Word 97), or another paperclip (which is so ubiquitous and essential in business that we don’t even think of it as technology anymore). It could be either, or even both. Google has left the desktop in Microsoft’s grasp, but staked…

TOM HARTON Commentary: Where business, disaster meet

September 12, 2005

We don’t do weather. Business newspapers don’t ask reporters to stand in bitter cold to demonstrate that it’s uncomfortable. We don’t warn our readers about the dangers of a storm by assigning a reporter to stand in the middle of one. When the wind and rain send things crashing down around us, we become consumers of news just like everyone else. Last week, we broke our rule. No, we didn’t brave the elements, but what happened in New Orleans and…

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

September 12, 2005

The pizza-andsub business is tough enough without also having to worry about your largest creditor stabbing you in the back. I n d i a n a p o l i s – based franchiser Noble Roman’s Inc. has rid itself of that looming threat by paying $8.3 million to buy out nearly all the interests of a vulture investment firm that may have been scheming to control the company. The deal settles a lawsuit Noble Roman’s filed in March…

Can ride sharing retain your distant workers?: Companies look to car- and van-pooling to counter high gas prices that may increase employee turnover

September 12, 2005

Most concerned about higher commuting costs are employers on the periphery of Indianapolis, where there is little or no bus transportation for workers who live in Marion County. “At some point, for an hourly worker, it becomes cost-prohibitive to drive to Plainfield for work,” said Kim Woodward, director of human resources for Brightpoint Inc. The wireless phone distributor has a warehouse in the Hendricks County town that employs 611, plus about 100 contract workers. “Public transportation is not readily available,”…

CEO Dunn not afraid to shake it up: Changes help Steak n Shake capture Enterprise Award

September 12, 2005

When an executive recruiter contacted Peter Dunn a few years ago about a top post at The Steak n Shake Co., he wasn’t sure what to think. “I wondered what kind of steaks they served with milkshakes,” he recalled with a laugh. Today, Dunn, Steak n Shake’s president and CEO, probably knows more about the company than anyone in its 71-year history. The newcomer to the restaurant industry, a Harvard grad with an MBA from the University of Virginia, has…

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel club

September 19, 2005

Ambassadair Travel Club Inc. may chart a new destination with the help of a Chicago private equity firm whose holdings range from gas station chain Clark Brands to coffee-pot-maker West Bend. Waveland Investments LLC is the face behind Waveland Holdings LLC, an entity named in court records as signing a letter of intent to acquire Ambassadair from bankrupt parent ATA Holdings Corp. While Ambassadair said it remains profitable, despite ATA’s troubles, it has lost more than 20 percent of the…

INVESTING: Investors beware: More stocks looking bearish

September 19, 2005

I bet you’d like to know the day this bull market is going to end. You might find it extremely helpful if your crystal ball told you when the S&P 500 was going to reach its top. If you had this information, you would probably hold on to all the stocks you own until the final day, thinking that you will get out of everything right at the top. Unfortunately, market tops don’t work that way. Knowing when the S&P…

Delivery service takes Web shopping to the next level:

September 19, 2005

Richard Cherry knows the 30-minute delivery concept isn’t new. Pizzerias have been promising to deliver pies to the door in 30 minutes or less for years. And grocery stores have tried something similar, delivering milk, eggs and bread, but generally promising next-day delivery. Cherry wanted to deliver groceries-and more-in 30 minutes, so he teamed with 30-minute pizzeria guru Tom Monaghan, founder of Domino’s Pizza, and came up with 30MinuteMall. Using delivery employees known as CyberValets, virtual grocery stores and Web…

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

September 26, 2005

Downtown is still sizzling for national restaurants looking to expand, based on recent deals. Au Bon Pain is cooking up a 2,200-square-foot Monument Circle store, taking over a recently closed Roly Poly Sandwiches shop and the Hardwickes Pipe & Tobacco that has entertained passersby for decades with its caricature statues. The Boston-based chain’s arrival in early 2006 will mark one of several dining changes near the Circle and one of the final steps in a tenant retooling of the Guaranty…

Biz groups join forces: Agencies hope to reach more minority-, women-owned firms

September 26, 2005

Two organizations that aim to increase business opportunities for minorities and women have formed a united front, hoping to foster even greater diversity among companies. Indiana Business Diversity Council and the National Association of Women Business Owners’local chapter aren’t only sharing knowledge and resources-they’ll also share space when NAWBO moves in with IBDC later this fall. NAWBO hopes the partnership will enhance its networking capabilities. It also will give the all-volunteer organization it first-ever place to call home. For its…

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore

September 26, 2005

A Michigan developer plans to build a 300,000-square-foot shopping center anchored by a Wal-Mart Supercenter along Michigan Road north of 106th Street, continuing the rapid expansion of retail on the Michigan Road corridor. Heritage RDG LLC, a Grand Rapids, Mich.-based developer new to the Indianapolis market, recently filed plans with town officials in both Zionsville and Carmel to build the center. The 36-acre parcel straddles the Boone-Hamilton county line and must be approved by local governments in both counties. Project…

How to make money in the bear-market minefield INVESTING Keenan Hauke: How to make money in the bear-market minefield

October 3, 2005

INVESTING How to make money in the bear-market minefield All year, you’ve been reading my description of what the end of a bull market looks like. Major indexes move higher but fewer and fewer stocks participate in the rally. A case in point: On Sept. 9, the S&P 500 came within two points of its early August high, but 60 percent fewer stocks hit new highs in September than in August. Hmm. Apple Computer is one of those stocks I…

Builders finding ways to go condo under $200K: There’s a ready market for entry-level housing downtown

October 3, 2005

Building bargain housing downtown isn’t easy. Ask Doug Jones, a principal in JLM Development, which is wrapping up its first downtown condominium project, a 26-unit community called Penn Square. Because they were working with multiple landowners, some out of state, it took Jones and his partners more than a year to acquire the single acre they needed for Penn Square, on the northwest corner of 22nd and Delaware streets. But once the developers cleared that hurdle, Penn Square went from…

South-side exit finally sparking development: Wal-Mart might by key to I-65/County Line interchange meeting expectations

October 10, 2005

An interchange linking Interstate 65 and County Line Road completed six years ago is finally helping attract large commercial development to a busy Johnson County corridor. While Greenwood city officials are pleased by the amount of activity occurring there, they question why it took so long. “We thought it would take off much sooner than it did,” said Ed Ferguson, Greenwood’s director of planning, zoning and economic development. “We still have several hundred acres available in what we call the…

Web service hungry for business: 46 local restaurants sign up for online takeout ordering

October 10, 2005

When pharmaceutical rep Andy Knopfmeier needed lunch for a 29-person obstetrics office he was calling on recently, he made it happen without picking up a phone or idling in a drivethrough lane. Instead, Knopfmeier-who provides lunch to doctors as a way to get in the door-went online two days before the meeting and ordered sandwiches, chicken nuggets and waffle fries from a Noblesville Chick-Fil-A. He prepaid the bill with a credit card and entered instructions on when he’d pick up…

Boom, baby: Tourism industry preps for growth: Convention center, stadium may add thousands of jobs

October 17, 2005

The dirt is still fresh from the Colts’ stadium ground breaking, but local hospitality professionals already are planning for the growth it will spur in their industry. Experts project as many as 25,000 additional jobs by 2010, when both the stadium and a 275,000-square-foot expansion of the Indiana Convention Center are scheduled to be complete. That tally counts jobs created in those facilities as well as in hotels, restaurants and other attractions. Officials expect 4,200 jobs to be added in…

Will cook, need kitchen: Bakers, caterers struggle to find space to bake-legally

October 31, 2005

Both women know they have sweettoothed fans who want to buy their goodies, but because of new state regulations, they are finding it difficult to deliver their products to a hungry market. At the beginning of this year, a law took effect requiring that most food for sale to the public be prepared in commercial kitchens with certified food handlers. The regulation has effectively kicked Castillo, Johnson and dozens of other small caterers and bakers out of their production facilities-in…

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Articles

Stadium neighbors see rising property values: Investors, entrepreneurs eye southwest side of downtown 70

Contractors work to resurrect historic church: Buggs Temple being rebuilt from inside out into entertainment venue

City’s mall gamble paid off: After 10 years, Circle Centre at core of rejuvenated downtown

RETURN ON TECHNOLOGY: Is Google everything it’s cracked up to be?

TOM HARTON Commentary: Where business, disaster meet

BEHIND THE NEWS: Noble Roman’s pays up to sever ties with vulture

Can ride sharing retain your distant workers?: Companies look to car- and van-pooling to counter high gas prices that may increase employee turnover

CEO Dunn not afraid to shake it up: Changes help Steak n Shake capture Enterprise Award

Ambassadair likes suitor: Chicago-based Waveland Investments might have jobs for ATA execs if it lands travel club

INVESTING: Investors beware: More stocks looking bearish

Delivery service takes Web shopping to the next level:

Coming changes keep downtown a dining hub: Au Bon Pain coming to Circle, Noble Roman’s returns

Biz groups join forces: Agencies hope to reach more minority-, women-owned firms

‘1-of-a-kind’ Wal-Mart proposed: Michigan developer plans Carmel/Zionsville superstore

How to make money in the bear-market minefield INVESTING Keenan Hauke: How to make money in the bear-market minefield

Builders finding ways to go condo under $200K: There’s a ready market for entry-level housing downtown

South-side exit finally sparking development: Wal-Mart might by key to I-65/County Line interchange meeting expectations

Web service hungry for business: 46 local restaurants sign up for online takeout ordering

Boom, baby: Tourism industry preps for growth: Convention center, stadium may add thousands of jobs

Will cook, need kitchen: Bakers, caterers struggle to find space to bake-legally