Circle Centre to market top two floors of former Carson’s as office space
The Carson’s space has been vacant since April 2018, leaving a gaping hole in the nearly 800,000-square-foot downtown mall.
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Broad Ripple restaurant The Vanguard closes, but plans comeback
Owner Bill Ficca said he plans to reopen the restaurant at 6319 Guilford Ave. after Labor Day with a new concept.
Duke Realty exceeds analyst forecasts with 2Q results
The Indianapolis-based real estate investment trust said it started $395 million of developments during the quarter totaling 2.6 million square feet.
Simon Property Group tops expectations with 2Q performance
The Indianapolis-based real estate investment trust saw profit shrink, but it beat Wall Street predictions with higher-than-expected funds from operations, a key industry metric.
Wahlburgers announces first Indianapolis-area location will be in Carmel
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Ratio merging with Denver-based architectural firm
Indianapolis-based Ratio Architects Inc., the city’s largest architectural firm, announced Tuesday that it was merging with Denver-based Humphries Poli Architects.
Butler Toyota acquired by Georgia-based dealership giant
Asbury Automotive Group, the nation’s seventh-largest auto retailer, now has made four acquisitions in the Indianapolis area totaling more than a quarter-billion dollars since 2017. Butler is being rebranded as part of the purchase.
Developers resume plans for $50M, dual-branded hotel on South Meridian Street
Merrillville-based White Lodging and Indianapolis-based REI plan to construct a seven-story, 206-room hotel after putting it on hold earlier this year over concerns about the Pan Am Plaza development.
INHP acquires more properties for affordable housing near IndyGo stops
The purchases are part of the group’s $15 million plan is to preserve or create 1,000 affordable housing units within walking distance of IndyGo routes over the next five years.
Chain of coworking centers planning 10 locations in Indianapolis area
A growing Ohio-based chain of coworking centers announced Monday that it plans to venture into Indiana for the first time by opening a location at Hamilton Town Center in Noblesville in spring 2020.
Broad Ripple becoming tech boom town
In the last 18 months, more than a half-dozen tech companies have opened up shop in the village or decided to do so.
‘Elevator Hill,’ former Angie’s List campus, on the rise
The owners of the 18-acre former Angie’s List campus just east of downtown are relying on a promise of lower rent, connectivity with downtown, and the potential for future nearby development to draw tenants.
Festival co-founder joins Bottleworks team
Because of the reach and complexity of food insecurity, this problem requires everyone—businesses, not-for-profits and individuals—to pitch in to address it.
Q&A with Frank Kerker, Sober Joe Coffee founder
While Kerker hasn’t had a drink in years, he has never forgotten that alcohol once nearly ruined his life.
Sale of Carmel senior community a big win for residents owed millions
The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
Greenwood apartment complex sold to out-of-state investors for $40M
Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
West Elm hotel no longer part of Bottleworks development
Plans to open a West Elm hotel in the Bottleworks District have been scrapped, but the developer says it still intends to include a hotel in the massive redevelopment project on Mass Ave.
Steak n Shake makes $8M legal settlement, suffers downgraded credit rating
Indianapolis-based Steak n Shake Inc. is facing more setbacks in its already-suffering financial situation due to a new legal settlement regarding overtime pay and a downgrade in its credit rating.
Natural Born Juicers closes both locations
Natural Born Juicers, which operated juice bars on Mass Ave and in Broad Ripple, has closed, the owners announced Tuesday on Facebook and on Instagram.
Council committee stalemate could stall plans for $66M apartment development
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.