16 Tech announces first round of food, retail vendors
The seven vendors, which include restaurants, a space for food entrepreneurs and a barber shop, will occupy 16 Tech’s 40,000-square-foot food and retail hall.
Downtown
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Pandemic means renters can find deals downtown
Downtown apartment managers are extending rent specials, reducing parking costs and offering other incentives to get tenants in the door—and lock those already there into new leases.
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Downtown’s Salesforce Tower sold for $192.5 million
The 1.1 million-square-foot tower is arguably the most prestigious office address in the city, but the pandemic has exacerbated already-pressing questions about the future of traditional office space.
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NCAA’s March Madness will be test Indy was ‘made for’
The herculean effort over the next 2-1/2 months will involve city and state officials, tourism and civic leaders, and likely thousands of volunteers.
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Punch Bowl Social restaurant chain files for bankruptcy
The company, which opened a location in downtown Indianapolis in 2016, describes its business as being in a “mothballed period” and said that it anticipates reopening venues “once it is safe to do so.”
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Articles
Market Tower owner sues CVS over lease dispute at downtown store
The owner of the Market Tower office building at 10 W. Market St. in downtown Indianapolis is suing CVS, alleging the retailer improperly terminated its lease and stopped paying rent after the store was damaged during downtown rioting this spring.
Dinner at Governor’s Residence, $25M land purchase helped snag Elanco HQ
The state’s pitch to keep Elanco Animal Health Inc. in Indiana for the long term began with a dinner at the Governor’s Residence two years ago.
Local chocolatier to open retail space, tasting room
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
Elanco HQ expected to anchor new development, park expansion on former GM site
Beyond the public company’s $100 million headquarters campus, city and state leaders expect 26 acres to be used for an expansion of White River State Park and new projects potentially with residential, retail and office uses.
Upgrades planned at Mass Ave’s Davlan Park
The project, set for completion by next summer, will include additional outdoor seating for both Bru Burger and Starbucks. Also this week: 3 Days in Paris, The Tamale Place, Champp’s, Greeks Pizzeria
Slippery Noodle Inn owner Hal Yeagy Jr. dies
Yeagy had owned the establishment since 1985, building it into a renowned spot for live blues music.
Museums see holiday shopping event as lifeline
The annual Museum Store Sunday event, to be held on Nov. 29, is expected to have extra impact this year because many other sources of museum revenue, including admissions and special events, have been disrupted due to the pandemic.
Protesters march through downtown—remaining peaceful—until rain disperses crowd
The protesters carried signs and chanted as they marched along Meridian, Pennsylvania and Michigan streets, calling for justice for 21-year-old Dreasjon Reed.
Hotels’ vacancy woes cause debt headaches
With travel and convention business continuing to stagnate and COVID-19 cases on a steep rise, many properties find themselves scrambling for long-term loan solutions and pleading for help from lenders.
Shake Shack plans to open downtown location in 2021
The fast-casual burger chain has secured a third Indy-area location, this one on the first floor of a ritzy downtown apartment building nearing completion by the Mass Ave Cultural District.
Committee gives preliminary OK for $12.25M in TIF bonds for two projects
The projects include a two-building development in Broad Ripple that would serve as the headquarters for the staffing firm Eight Eleven Group.
IndyGo adds two sites to list of possible property purchases
IndyGo has been evaluating possible expansion sites around the city in recent months because it has run out of room at its West Washington Street headquarters.
Total Wine & More liquor superstore to open in Nora
The 86th Street store, which is set to open next month, will be the first in Indiana for the Maryland-based chain. Also this week: Nada and Downtown Arts Market.
Chick-fil-A planning new downtown restaurant
The new Chick-fil-A will occupy the cellar and ground floor of 10 E. Washington St., which has been vacant since the menswear chain Jos. A. Bank closed its store there in 2017. Also this week: The Exchange Whiskey Bar and Dave & Buster’s.
IBJ Podcast: Our CEO, Nate Feltman, talks about the need for a new vision for Indianapolis
Plus, Feltman provides an update on how IBJ is doing during the pandemic and what he sees as the news organization’s future.
New art and design shop to serve in-person, online customers
Up to now, the business has primarily served architects and designers in bigger markets. Also this week: Lou Malnati’s, Dave & Busters, Godiva Chocolatier, Nesso, Jiffy Lube.
Downtown church still hoping to redevelop adjacent lot on Mass Ave
Roberts Park United Methodist Church, 401 N. Delaware St., has planned for more than a year to build a five-story building with a day-care facility, parking, health clinic and office space atop the parking lot directly east of the church.
Sahm’s Restaurant Group closing downtown cafeteria, tavern
Ed Sahm, the restaurant group’s founder and owner, said the pandemic-related exodus of downtown office workers meant the two locations are no longer financially viable.
Downtown Indy CEO leading fight for downtown’s recovery
Sherry Seiwert spoke with IBJ recently about what her organization is doing to help the city bounce back.