Sun King to open Broad Ripple taproom at former Thr3e Wise Men site
Indianapolis-based Sun King acquired the business assets of the former Thr3e Wise Men location on Broad Ripple Avenue in an auction Thursday.
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Former Indianapolis Mayor Greg Ballard says he’s not running for Congress
Ballard had been one of several Republicans suspected of being interested in running for Indiana’s 5th District, which is being vacated by Rep. Susan Brooks next year.
Target no longer eyeing Circle Centre for downtown store, sources say
With Target out of the picture, the ground floor of the former Carson’s space in Circle Centre will be marketed to multiple retail, restaurant and entertainment tenants, sources said.
Indians announce naming-rights partner for new club space
The 4,500-square-foot club, to be constructed between the 2019 and 2020 seasons as part of $8.3 million in Victory Field improvements, will be sponsored by Indianapolis-based Elements Financial Federal Credit Union.
Circle Centre to market top two floors of former Carson’s as office space
The Carson’s space has been vacant since April 2018, leaving a gaping hole in the nearly 800,000-square-foot downtown mall.
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.
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.