Apartment building on North Meridan sells for $11.4M
The 195-unit Meridian Towers Apartments on the near-north side of Indianapolis has been sold to an out-of-state development partnership that plans to renovate the property.
Indianapolis
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Census shows many rural Indiana counties lost population while metro Indy grew
Hamilton, Boone and Hendricks counties all had population gains of more than 20% between 2010 and 2020, during which time the census found Indiana as a whole grew 4.7%.
Pyramid Place shopping center changes hands for $10.6M
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.
Citing slow business, Patachou closes downtown’s Napolese restaurant
It first closed in March 2020 at the beginning of the pandemic and didn’t reopen until March of this year, in advance of the NCAA’s men’s basketball tournament, which took place mostly in Indianapolis.
Rolls-Royce, Purdue to make ‘major investment’ in Indiana testing facilities
The multimillion-dollar project, in partnership with Purdue University and the Purdue Research Foundation, will expand aircraft engine testing facilities in both West Lafayette and Indianapolis.
$9.3M installation of LED lighting on existing Indy streetlights nearly complete
Five years after Indianapolis’ 25-year streetlight moratorium ended, a city collaboration with AES Indiana has resulted in nearly all existing lighting being replaced with LED bulbs and 1,600 new streetlights being installed, the city announced Monday.
After 27 years in Nora strip centers, salon invests $3.3M in new standalone location
To stay in the Nora neighborhood, DL Lowry Salon is taking over the former home of the Indiana Lions eye and tissue transplant bank, which has moved to Carmel.
IndyStar editor leaving to become executive editor at Dallas Morning News
Katrice Hardy guided The Star’s coverage of the pandemic and racial unrest and led the publication to a Pulitzer Prize this year for national reporting.
Sportsman’s Warehouse snares first Indianapolis-area location
The 112-store chain sells gear for hunting, fishing, boating, camping and other outdoor activities. The Indy-area store will be the its second Indiana location.
Need assistance finding an open parking space? Indy-based company can help
Eco Parking Technologies helps parking garages fill every space and provides valuable data.
State to spend $13M to prep possible merger of blind, deaf school sites
State officials say no final decisions about a combined campus have been reached, but they are forging ahead for now with the prep work, including the search for as many as 120 acres to house the schools.
Furniture retailer L. Fish closing after nearly 70 years in Indianapolis
L. Fish, which has operated a furniture superstore on the east side of Indianapolis for decades, traces its roots to a now-defunct Chicago-based parent company that opened its first store in 1858.
New video streaming service launches for Hoosier-focused documentaries
The streaming service, called Hoodox, launched June 17. It’s run by an Indianapolis not-for-profit organization whose goal is to provide a platform for Indiana filmmakers to share their work.
Fall Creek project hopes to charm on third try for state grant
The apartments would be available to individuals and families making 30% to 80% of the area’s median income, with 14 units set aside for transitional housing for individuals and families experiencing homelessness.
Milliman Inc. to add 95 jobs in Indianapolis
Seattle-based Milliman Inc., an international actuarial and consulting firm, announced Monday it will invest $6 million to lease and furnish more than 50,000 square feet in a downtown office building.
Communities along White River form coalition to leverage new statewide grant funding
Government leaders in Anderson, Carmel, Fishers, Indianapolis, Noblesville, Westfield, and Hamilton and Madison counties, have joined together to secure funding for redevelopment and economic investment projects along the White River.
Korean auto supplier plans to expand local presence with Franklin facility
Daechang, which makes seating components for Kia, Hyundai and Subaru, established its North American headquarters in Indianapolis in 2017. The Franklin facility would be its second local site.
Veteran franchisees bringing Dave’s Hot Chicken chain to Indy
A Fort Wayne-based franchise group that operates 45 Pizza Hut locations, including some in Hamilton and Boone counties, has signed a deal to open 15 Dave’s Hot Chicken locations in Indiana. Most are expected to be in the Indy-area market.
Indianapolis-based Castle Wealth Advisors acquired by Kansas firm
Castle President and CEO Gary Pittsford, who founded his business in 1973, said the deal will allow the firm to continue to grow, and give it access to a much larger pool of experts and services.
Regal Cinemas to reopen first of its Indianapolis-area theaters
The Greenwood theater will be the first Regal location in the state to reopen, followed by other locations in weeks to come. Regal closed its theaters last year because of the pandemic.