Hotel planned for King Cole building downtown
Interior demolition appears to have already begun, and several tenants told IBJ that they have either already moved out or have been asked to vacate by the building’s owner.
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Three local companies moving HQs to new Carmel development
Three well-known local companies plan to move into a four-story, 100,000-square-foot office building called the Agora. Construction of the building is expected to be complete next summer.
Universities create spaces to collaborate
Experts say the newest classroom buildings have plenty of open and flexible spaces to encourage innovation and allow students to more easily worth with each other, their professors and even business leaders.
Memory Bank: Immigrant works in south-side bakery
The Indianapolis Jewish Welfare Foundation helped Berek “Benny” Kaplan and his family immigrate after World War II to Indianapolis, where they helped him get a job at Kraft’s South Side Baking Co.
Q&A: Nick Hubbard on what’s hot—and cold—in coffee
Nick, the son of Hubbard & Cravens Coffee and Tea co-founder Rick Hubbard, went into banking after graduating from Miami University of Ohio in 2003 and thought he’d stay there. Now he’s president.
Zionsville’s Creekside Corporate Park remains largely empty
Town leaders say development is coming, but has been slow because they’re picky about tenants.
David Simon’s contract expired. Will he stick around?
The last time Indianapolis-based Simon Property Group Inc. negotiated an employment contract with CEO David Simon, it was an ordeal.
Granite City’s restaurant in Circle Centre closes
Locations in Carmel, Fort Wayne and Mishawaka were open on Thursday and are still listed on company’s website, but the Circle Centre location was locked and dark.
Justus Rental selling two senior communities, giving notices to 104 workers
More than 100 nursing aides, activities coordinators, cooks and other workers at two Indianapolis senior communities could lose their jobs by mid-October when the properties are sold, owner Justus Rental Properties Inc. said.
Target has big quarter amid intense retail environment
Target topped expectations in just about any measurable way during the second quarter. The retailer’s stock rose 18 percent Wednesday morning.
Eleven Fifty Academy moving headquarters to downtown Indianapolis
The academy plans to spend $5 million to move its headquarters from Fishers to Indianapolis, officials for the 5-year-old coding school announced Tuesday.
Kimpton hotel project gets green light for big addition, rooftop bar
Construction of a ritzy hotel in one of downtown’s oldest towers is expected to start by the end of the year, now that the property’s owner has received approvals for changes to the building from historic preservation officials.
Department stores making room for used fashion as resale becomes mainstream
The moves mark the most dramatic evidence of how resale is becoming so mainstream that traditional sellers can no longer ignore it.
Central Indiana home builders snap 7-month slump with big July
It was the most-active July for single-family construction permit filings since 2006, when 746 permits were filed during the month.
Global gas manufacturer seeks $2M tax break on $38.3M project
An affiliate of Germany-based Messer Group wants to build a new facility on the south side of Indianapolis for making atmospheric gases for health care providers, food processors, and glass and metal fabricators.
Memory Bank: Donut and a movie in the 1950s
A theater stood at 150 N. Illinois St. from 1915, when it opened as Keystone Theatre, through 1924 when it became the Alamo Theatre (and charged 10 cents per ticket), until it closed in 1959, about 15 years after it was renamed Rodeo Theatre.
IPS could shed more property to cut costs, boost efficiency
The district next month plans to issue a request for proposals for a comprehensive study of all 71 of its schools and other buildings.
Should this building be saved?
Historic preservationists and midtown neighborhood leaders don’t want to lose the Drake apartment building that its owner, The Children’s Museum of Indianapolis, plans to raze.
Plus-sized retailer with two local stores going out of business
Women’s retailer Avenue Stores LLC is closing all 222 of its locations in 33 states, the company announced this week.
U.S. retail sales rise strongly in sign of consumer optimism
Online retailers, grocery stores, clothing retailers and electronics and appliance stores all reported strong gains.