Apotheco Pharmacy Group bringing specialized delivery service to Carmel
A New York-based chain of independent pharmacies offering pick-up and delivery services is planning its Midwestern debut with a new store in Carmel.
Real Estate & Retail
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CIB approves $62 million in contracts for Fieldhouse overhaul
The board approved eight bids—mostly to local firms—for the first and second phases of the $360 million project.
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Developer, town of Speedway locked in fight over stalled Wilshaw hotel project
Correspondence obtained by IBJ between town officials and the developer reveal a tug of war over information on the hotel’s status and a disagreement over whether the company has violated a project agreement.
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Indianapolis-area homebuilders end 2019 with second-half surge
A big December was not quite enough to make last year’s construction pace exceed 2018’s. It was the first year since 2011 that fewer single-family building permits were filed in the area than in the previous year.
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UPDATE: Church buys former Marsh in Broad Ripple for $7.6M, plans Midtown campus
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
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Articles
Bru Burger Bar picks Keystone Crossing site for 11th location
Plans call for the gourmet burger restaurant to occupy 4,855 square feet on the ground floor of a new office building, with indoor seating for up to 135 people and additional patio seating.
Holiday sales rose 4.1%, nation’s largest retail trade group says
The positive December figures were partially offset by downward revisions to October and November sales. That suggests consumer spending likely grew more slowly in the final three months of last year than previously expected.
Primanti Bros. down to one local restaurant after two more closures
Primanti Bros., a Pittsburgh-based restaurant chain that entered the Indianapolis market less than four years ago, has closed its locations in Greenwood and Avon.
Hogsett unveils tenant protection initiative, aims to cut down evictions
Under Hogsett’s proposed initiative, $250,000 of new funding would be allocated toward increasing resources for tenants. The city will work in partnership with Indiana Legal Services to provide free civil legal assistance to eligible low-income residents.
Controversial Block 20 project moving forward 4 years after proposal
The apartments-and-retail project slated next to the Athenaeum has been in the works since 2016 but encountered hurdles including a lengthy legal battle that reached the Indiana Supreme Court.
UPDATE: SoBro Cafe owner to concentrate on tea business after closing eatery
The restaurant, 653 E. 52nd St., opened just off North College Avenue in November 2011. Its last day of business was Saturday.
Onyx+East plans $6.5M town house project on 10th Street, but faces skepticism from city
The Indianapolis-based developer hopes to build 21 units ranging in price from $275,000 to $365,000 over several vacant parcels, but city staff has recommended denial.
Landmark local soul food restaurant damaged by fire
The Indianapolis Fire Department is investigating a two-alarm fire early Saturday morning on downtown’s near-north side at Kountry Kitchen Soul Food Place.
Memory Bank: Art instruction on the Circle
Circle Hall was constructed for the Second Presbyterian Church in about 1840 on the northwest quadrant of the Circle at Market Street—the spot where the English Hotel and Opera House, a J.C. Penney and then the Anthem headquarters would later be located.
Fishers Do-It Center getting name change, renovation after acquisition
Steve White, owner of White’s Ace Hardware, purchased the longtime Fishers business in December and is making big changes to the store.
Indiana considers tougher retailer penalties with smoking age change
Congress’ decision last month to raise the legal age to 21 has made opposing it on a state level moot, and Republican leaders of the Indiana House and Senate are endorsing proposals with tougher penalties.
Macy’s sees some improvement but still closing nearly 30 stores
Macy’s sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated.
Hostel planned for former church, event center in Fountain Square
Plans for the hostel have been recommended for approval by city staff, because it “would be appropriate and would recognize [the building’s] historical and architectural value.”
Pier 1 Imports to close half its stores as sales falter
Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.
Memory Bank: White River bridge collapses in 1902
The city finished repairs and upgrades to an 1870 bridge over the White River on Jan. 15, 1902. The next day, the middle section collapsed.
Cash-strapped Indy Parks seeks creative financing for community center
A deal to build a new family center at Broad Ripple Park could be just the first of several privately funded projects considered by the park system.
Bankrupt Celadon plans to sell 102-acre campus
Most of Celadon’s real estate holdings in Indianapolis are on the east side, where available industrial land is in short supply. So, observers say, the anticipated divestiture should attract plenty of attention.
Wine bar, bistro extends lease in Conrad, readies for renovation
To expedite the top-to-bottom transformation, owner Ross Bailey plans to close the 3,500-square-foot establishment in the Conrad Indianapolis’ lobby for at least six weeks.
Washington Square Mall losing two more anchor stores
The closings this month will be the biggest blow to the mall since Sears shuttered its store there in 2014.