Restaurant chain prospers by staying out of the street-side marketplace
Carmel-based CC Holdings manages dozens of restaurants and coffee shops, but few are in conventional locations.
Real Estate
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Developer Litz & Eaton split leaves messy trail
Five years after the prominent developer upped its business ambitions—going from a home-renovation firm to high-end, multi-home projects—the firm is unraveling.
U.S. retail sales show solid increase as auto-buying jumps
Figures released Friday showed August retail sales advanced more than forecast, while consumer sentiment rebounded from an almost three-year low.
Finding right use for Carson’s space a tough challenge, panelist says
Circle Centre’s role as a hospitality gateway and downtown attraction was among the topics covered during a wide-ranging panel discussion at IBJ’s Commercial Real Estate and Construction Power Breakfast.
Chatham Tap taking over former Scotty’s site on Butler campus
It will be a third location for Chatham Tap, which opened its first site in 2007 at 719 Massachusetts Ave. in Indianapolis. A second location opened in 2010, at 8211 E. 116th St. in Fishers.
New 104-room hotel planned for Old Southside neighborhood
A local investment group plans to spend $9 million to $10 million to construct the four-story hotel at 324 Wilkins St. If approved, the development would bring a new, fast-growing midscale hotel brand to Indianapolis.
Fishers unveils lineup of chefs at test kitchen
Three concepts—Korean barbeque, California street food and global street food—will fill out the restaurant stalls at the test kitchen first.
IHPC gives preliminary critique of plans for fieldhouse renovation
While most members of the historic preservation commission were pleased with the early designs for revamping and expanding Bankers Life Fieldhouse, some believed the more contemporary vibe failed to mesh with the fieldhouse’s old-school character.
Target increasing holiday hiring by 4%, to more than 130,000
Retailers will likely have a tough time attracting holiday help again this year. Unemployment is near a 50-year low, and people can be pickier about where they work.
Wendy’s relaunching breakfast, plans to hire 20,000 nationwide
Wendy’s plans to relaunch a breakfast menu across the United States next year, it announced Tuesday. It plans to spend $20 million this year and help franchisees hire 20,000 employees to support the effort.
Council approves incentives for $66M downtown project
The Indianapolis City-County Council on Monday night approved nearly $10 million in financial incentives for a Denver-based developer that is planning a 13-story apartment, retail and office project across the street from the Indiana War Memorial.
Kittle’s Furniture invests in Zionsville online retail startup
Kittle’s Furniture has provided seed funding to accelerate retail startup ParkerGwen.com’s growth, the companies announced Monday.
One of Carmel’s oldest neighborhoods fighting to stave off redevelopment
Homeowners in Johnson Addition, which was built in the late 1950s and early 1960s, say their neighborhood is charming and one of the few affordable neighborhoods left near Carmel’s downtown—and they want it to stay that way.
Treasury unveils plan to privatize Fannie Mae, Freddie Mac
The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing risk to taxpayers, while still preserving homebuyers’ access to 30-year, fixed-rate mortgages, a pillar of housing finance.
Former bakery warehouse site to be cleaned up with $345,000 grant
The east-side site was used by Colonial Baking Co. as warehouse storage, truck loading and truck repair from the mid-1950s through the 1990s. It is contaminated with heavy metals and petroleum compounds, and has remained unused for decades.
Walmart to stop selling ammo for handguns, short-barrel rifles
The retailer has long found itself in an awkward spot with its customers and gun enthusiasts. Many of its stores are in rural areas where hunters depend on Walmart to get their equipment.
Bottleworks District hires development exec
Gavin Thomas, a former development executive at Kite Realty Group Trust, replaces Isaac Bamgbose, who departed Hendricks Commercial Properties earlier this year for a similar role at Ambrose Property Group.
Local firm spends nearly $21M on north-side apartment complex
After winning an intense bidding war, The Ardizzone Group expects to begin upgrades to Harbour Pointe in the next 18 months, addressing about 60 units every 30 days over a five-month period.
IBJ Podcast: Upland expands Indiana footprint as it sends beer overseas
Host Mason King talks with Pete Batule, Upland’s chief operating officer, about the company’s growth, including its busy new brewpub in Fountain Square, and the line of sour beers that its selling across the country and overseas.
How to be a buyer in a seller’s market
This summer, houses in central Indiana sold after being on the market an average of just one month, half the time of homes sold in 2015. And that’s the average of all houses. Those that are move-in-ready and in desirable neighborhoods—the kinds of homes most buyers are looking for—are often sold within hours or, at most, a few days.