UPDATE: Children’s Museum to demolish former apartment, Salvation Army buildings
A plan to demolish the 91-year-old Drake apartment building and former divisional Salvation Army headquarters will require zoning approval, the city said Wednesday.
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Wahlburgers announces first Indianapolis-area location will be in Carmel
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Developers resume plans for $50M, dual-branded hotel on South Meridian Street
Merrillville-based White Lodging and Indianapolis-based REI plan to construct a seven-story, 206-room hotel after putting it on hold earlier this year over concerns about the Pan Am Plaza development.
IBJ Podcast: Country clubs make updates from age of Cadillacs and ‘Caddyshack’ to attract millennials
Country clubs across the Indy area are in the midst of a transformation as the latest generation of breadwinners decide how they want to spend their leisure time and disposable incomes.
Dan Coats resigning as director of national intelligence
As the head of the U.S. intelligence community, the 76-year-old Coats has been a rare cabinet official willing to break ranks with President Trump publicly. The imminent departure of the former Republican senator from Indiana has been talked about for several months.
Broad Ripple becoming tech boom town
In the last 18 months, more than a half-dozen tech companies have opened up shop in the village or decided to do so.
‘Elevator Hill,’ former Angie’s List campus, on the rise
The owners of the 18-acre former Angie’s List campus just east of downtown are relying on a promise of lower rent, connectivity with downtown, and the potential for future nearby development to draw tenants.
Country clubs rewrite playbook to attract millennial generation
Clubs today offer a broad range of programs, such as fitness classes, college nights with pool-side beer pong, and day camps and other activities for children.
Sale of Carmel senior community a big win for residents owed millions
The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
Greenwood apartment complex sold to out-of-state investors for $40M
Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
West Elm hotel no longer part of Bottleworks development
Plans to open a West Elm hotel in the Bottleworks District have been scrapped, but the developer says it still intends to include a hotel in the massive redevelopment project on Mass Ave.
City to tie incentives to $18-an-hour pay
Starting Jan. 1, Develop Indy will change the way it awards millions of dollars in tax abatements and training grants annually. Only businesses that pay workers at least $18 an hour, give them access to health care benefits and support other community programs will be eligible.
Long-popular Fishers holiday light display moving to Conner Prairie
Reynolds Farm Equipment’s popular and massive holiday light display that’s long been a fixture outside its store at State Road 37 and 126th Street in Fishers is moving to Conner Prairie for the museum’s new Merry Prairie Holiday Festival.
Steak n Shake makes $8M legal settlement, suffers downgraded credit rating
Indianapolis-based Steak n Shake Inc. is facing more setbacks in its already-suffering financial situation due to a new legal settlement regarding overtime pay and a downgrade in its credit rating.
Local heavy machinery rental firm expanding onto west-side Kmart parcel
MacAllister Machinery’s current operations along West Washington Street span about 6.5 acres, with the purchase of the Kmart parcel next door adding another 8 acres.
Council committee stalemate could stall plans for $66M apartment development
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.
IBJ Podcast: Avoiding the icebergs that can sink your startup
Host Mason King talks with husband-and-wife team Kim and Todd Saxton, both professors at the IU Kelley School of Business at IUPUI, about a book they wrote with entrepreneur Michael Cloran about the icebergs startups face as they try to make it through choppy waters.
International street artists create murals for second phase of CityWay
An artist known for her association with Taylor Swift and another who has been creating graffiti-inspired art since the 1980s are adding their talents to the $135 million second phase of the downtown mixed-use development.
Five more Scotty’s Brewhouse locations call it quits
The corporate owner of many of the remaining Scotty’s Brewhouse restaurants said it had closed all of its operations. The decision leaves less than a handful of independently owned Scotty’s locations.