The process will give developers an opportunity to introduce ways to preserve the 91-year-old building at 3060 N. Meridian St., which the museum had planned to demolish.
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The developer was forced to rethink the project across from Circle Centre mall after anticipated costs ballooned past the expected $8 million to $10 million investment.
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Over the last decade, streaming sites and compressed file-sharing technologies such as MP3 have chased most “physical” media from the forefront of the audio and video recording industries. But Chip Viering sees that as an opportunity.
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The 139,743-square-foot retail center at 1300 E. 86th Street, anchored by Target, Marshalls and Whole Foods, was sold by a joint venture consisting of RPT Realty and an institutional partner.
Read MoreWalgreens Boots, which has more than 50 stores in central Indiana, has a market value of about $53 billion and $16.8 billion of debt. At that size, a take-private deal by the company would top the largest leveraged buyout in history.
Jazz singer, saxophonist and band leader Tony Pastor signs his name on albums and photos at Wasson’s department store in downtown Indianapolis on July 19, 1946.
Gavin Thomas, 43, joined Wisconsin-based Hendricks Commercial Properties in August after five years working in development at Kite Realty Group Trust.
The addition—part of a $17 million expansion project—are adjacent to the resort’s Event Center and French Lick Casino.
The shutdown of 96 more Sears and Kmart locations will leave just 182 outlets for the company, which was once America’s biggest department store chain.
Consider the humble dollar store: modest in size, basic in appearance and laser-focused on selling cheap stuff. But don’t discount them: These stores are big business.
Retail industry observers are speculating that the appointment of Robert Riesbeck is likely to mean a bankruptcy for Pier 1 in the near future, based on his track record.
The deal marks Arbor’s first entry into a territory outside of central Indiana since it was founded in 1994. Arbor is the Indianapolis area’s most active home builder.
The Indianapolis-based firm on Tuesday broke ground on a $78 million, 508,104-square-foot building—the first of four planned structures as it shifts focus to industrial development.
CVS apologized and said it was investigating after a Purdue University engineering student was denied the purchase of over-the-counter cold medicine.
The branding change comes 11 months after the 7-year-old brewery was acquired by Indianapolis-based Books & Brews.
The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with subordinates.
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
The hospital system’s 45-year-old campus will likely need hundreds of millions of dollars in upgrades in coming years to keep it competitive long term.
The area that includes the Fletcher Place neighborhood and the southeast corner of downtown is one of the hottest parts of Indianapolis, yet it’s included in a federal program designed to spur investments in poor neighborhoods.
The 284-foot-tall monument is the largest of more than 200 Civil War memorials in the U.S. and the only one that combines large-scale sculpture in bronze and stone.
The International Marketplace Coalition has purchased a former Value City Furniture location on Lafayette Road to serve as a focal point for the district, which includes more than 100 restaurants.
Faced with the shortest holiday shopping season since 2013, retailers are trying to figure out ways to get into the minds of shoppers sooner.
The Indianapolis-based real estate investment trust topped Wall Street expectations with its revenue in the third quarter and matched predictions for a key performance measure.
In addition to co-founding and leading national women’s clothing retailer Paul Harris Stores, Gerald Paul was an active philanthropist in local arts, education and Jewish causes.