Big Lots puts more store leases up for sale
Bankrupt discount retailer Big Lots has added more than 200 stores to a nationwide list of locations that are likely to close, including a pair of stores in Indianapolis.
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UPDATE: Crafts and fabric retailer Joann closing 533 stores nationwide
The retailer’s closure list includes 20 stores in Indiana, including a pair of local stores.
Carvana announces 200-job expansion at Plainfield site
Arizona-based used-car retailer Carvana says it intends to add inspection and reconditioning services at its auto auction site in Plainfield to establish what it calls a Megasite.
Westfield City Council approves Grand Universe development plan
Plans call for the proposed $1.2 billion development east of Grand Park Sports Campus to include a full-dome planetarium, hotel, retail, offices and multifamily housing.
Planned practice center aims to help Fever keep up with WNBA competitors
Six other WNBA teams have opened or announced plans for dedicated practice facilities. Fever parent Pacers Sports & Entertainment, which is majority-owned by Herb Simon and his family, plans to invest $78 million in the Fever facility.
Grand Park Sports Campus realizing financial potential as new district awaits
The sports complex, which is set to embark on a major entertainment and business district, now generates enough tax-increment-financing revenue to fully cover its debt payments.
Q&A with hotelier Jim Dora on downtown, police work and more
In a conversation with IBJ, the CEO of General Hotels Corp. explains how his work has shaped his perspective on downtown and offers his thoughts on the controversial city plan to build and operate a hotel.
Herbert Simon retires from role on Simon Property Group board
Herbert Simon, 90, partnered with his brother, Melvin Simon, in 1960 to launch real estate company Melvin Simon & Associates.
Developer planning more restaurants near Fishers Event Center
Construction on the $30 million, two-building project in Fishers District is expected to begin this summer.
Conversion of downtown’s King Cole building into hotel set to resume
Historians have extended an expired certificate of appropriateness for the long-delayed redevelopment of the historic office building just south of Monument Circle.
UPDATE: Target planning second store in Fishers
Fishers Mayor Scott Fadness announced the news Wednesday during his annual State of the City address.
Downtown Indy lunch joint Subito adds Guy Fieri bump to expansion progress
Subito’s appearance on “Diners, Drive-Ins and Drives,” grabbed attention, but behind the scenes, the downtown lunch mainstay was already making moves.
Store closings may accelerate as retailers face problems far beyond tariffs
Brick-and-mortar retail had a tough year last year, and it’s only going to get harder in 2025, experts say.
Longtime builder Davis Homes acquired by Fort Wayne-based investment firm
Indianapolis-based Davis Homes, which has roots dating to the 1950s, is one the largest residential builders in central Indiana.
Simon reports eight-year high in shopping mall occupancy rates
Indianapolis-based Simon Property Group Inc., the largest owner of malls in the United States, said it signed a record number of leases in 2024.
IU added to $2B suit over resort trade secrets
An Indianapolis partnership alleges one of the university’s professors and five former students interfered with contracts for a business development project in Puerto Rico.
Economic enhancement district fee headed toward spring tax bills. Here’s what it will pay for.
Downtown Indy Inc. and the nine-member Downtown Economic Enhancement District Board of Directors have proposed a $4.53 million budget for 2025.
Henke planning 1,110-acre residential development in Noblesville
Gatewood Lakes would be developed north of Noblesville’s Innovation Mile business and technology hub and east of Ruoff Music Center.
Q&A with Adam Hill: Development firm CEO keeps his team focused
Hill, who was a first-team All-American point guard and conference player of the year at Huntington University, spoke with IBJ about his goals for LOR Corp.
Downtown YMCA location to close in March
The organization’s CEO wrote in an email to members that the decision was made to balance the organization’s long-term sustainability with member needs.