Dave & Buster’s grabs location in Greenwood for second Indiana venue
The eatery-and-entertainment chain plans to take space formerly occupied by a J.C. Penney Home Store. It’s set to open next summer.
Real Estate
Articles
Yo Mama Roux’s bid to continue Cajun tradition fails to find traction
The east-side Cajun and creole restaurant is a successor of sorts to Papa Roux, which operated out of the same building before closing last fall.
Fishers, Airport Authority seeking buyers for prime 96th Street site
The city of Fishers and the Indianapolis Airport Authority have issued a call for proposals from parties interested in purchasing and developing a 65-acre site at the Indianapolis Metropolitan Airport in Fishers.
Napleton plans Kia dealership for Carmel
The dealership would be built across 96th Street from the now-defunct HHGregg store, where Napleton had previously filed plans with Indianapolis to open a dealership.
Sales of existing homes fall for fifth straight month in central Indiana
On a year-to-date basis, sales of existing single-family homes are down 3.8 percent in the area, to 9,249.
Keystone gets approval to revamp entrance of old AT&T building
A portion of the building’s facade will be replaced with clear glass as part of its $80 million conversion into apartments and retail space.
Steak n Shake in growing legal battle over overtime pay
Steak n Shake is already on the hook for $7.7 million judgment after a jury found the burger chain improperly failed to pay overtime to 286 restaurant managers. Meanwhile, plaintiffs in an even larger second lawsuit are taking aim at CEO Sardar Biglari.
Fountain Square Brewing acquires New Day Craft in move to diversify
The deal, which closed this week, gives Fountain Square Brewing access to New Day’s lines of mead and hard cider as it tries to widen its distribution footprint.
Tuchman Cleaners on store-closure spree
Tuchman Cleaners, a dominant player in the dry cleaning business in central Indiana for more than 70 years, has closed more than half of its locations over the past nine months, leaving it with less than a handful of stores.
Questions loom over proposed Carmel rehabilitation hospital
Two out-of-state companies that want to build a 60-bed hospital in Carmel have a history of mass layoffs, at least one high-profile bankruptcy, and accusations of kickbacks and billing irregularities.
Memory Bank: Back on the track after World War I
The Indianapolis 500 took a two-year break during World War I—when the Indianapolis Motor Speedway and several related facilities were used for war efforts—and returned to action in 1919.
Area infrastructure projects land $55.5M in federal funding
The Indianapolis Metropolitan Planning Organization chose 28 area projects to receive funding. It received requests for 69 projects totaling $180 million.
Ambrose partners with Glick as part of $200M first phase at Waterside development
Ambrose partners with Glick as part of $200M first phase at Waterside development
Carmel to take legal action against Lucas Estate in party controversy
Forrest and Charlotte Lucas have continued to host not-for-profit events and what they say are private weddings at their West 116th Street property, despite being turned down for a zoning variance by the Carmel Board of Zoning Appeals in 2017.
Local real estate firms lead $5M investment in internet provider Xiber
Milhaus CEO Tadd Miller said his firm, which is also a Xiber customer, decided to invest in the company because of demands from his clients for the services Xiber offers, such as home automation.
Fashion retailer with seven area stores calling it quits
After trying to find a new owner, Ascena Retail Group announced Monday that it is preparing to close its Dressbarn clothing chain, which has about 650 stores throughout the country.
Prime site near Keystone, 96th Street interchange hits market for nearly $10M
The 18.1-acre parcel is one of the few remaining undeveloped sites of significant size on Indianapolis’ northern edge. Although it’s bordered by homes, local brokers foresee commercial development.
Kite, Milhaus planning 7-building apartment complex next to Glendale
Indianapolis-based mall owner Kite Realty Group Trust this month filed a request with the Marion County Board of Zoning Appeals to change zoning for some of the parking lots just east of the shopping center.
IBJ Podcast: Oliver Winery makes big business of sweet wines (but that’s not all)
CEO Bill Oliver, the son of the founder, talks with host Mason King about the Bloomington winery’s beginnings and its future and explains how its distribution has grown to 27 states.
Chicago developer to buy 57-acre Plainfield property near airport
The Indianapolis Airport Authority, which owns the property, agreed to sell the land for $6.67 million to a real estate developer that owns several other properties in the area.