Payless ShoeSource to close all stores, report says
The chain, which is preparing to file bankruptcy for the second time in two years, has more than 50 locations across Indiana.
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Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Small wineries want chance to self-distribute products
The number of wine wholesalers in Indiana has dwindled from hundreds to a couple of dozen. That has raised concerns for small wineries that might not produce enough wine to attract a major distributor.
Chef Greg Hardesty’s latest kitchen project has ‘anything goes’ approach
It’s clear what chef Greg Hardesty’s newest venture, Studio C, is not: a traditional restaurant. But labeling what it is—well, that’s more difficult.
Scotty’s Brewhouse in Noblesville closes suddenly
The Scotty's Brewhouse in Noblesville has abruptly closed, the Indianapolis-based restaurant and bar chain announced Wednesday, marking the fifth closure for Scotty’s since the end of last year.
Papa John’s offers Purdue tuition in bid for labor loyalty
Papa John’s International Inc. is offering its employees tuition to Purdue University online classes—part of the beleaguered chain’s efforts to shift the narrative away from the missteps of its founder.
Developer seeks OK for 16-story addition to historic downtown tower
The owner of a historic downtown office building that’s being redeveloped into a hotel is seeking city approval to build a towering addition that would replace most of an adjacent 96-year-old building.
After months of hints, David Simon to roll out new business unit
The CEO of Simon Property Group says the company's "fifth platform" will leverage its huge customer base—its more than 220 properties draw more than 100 million customers who make 2 billion visits a year.
Pacers looking for new customer sales system
The Capital Improvement Board on Feb. 4 put out a request for bids for a new point-of-sale system to be used throughout Bankers Life Fieldhouse.
Local record store plans smaller location in Bottleworks project
Square Cat Vinyl plans to operate a 560-square-foot store in the Garage Food Hall at the Bottleworks development at College and Massachusetts avenues when the downtown project opens in 2020.
Developer of proposed hospital in Carmel agrees to use tax covenant
The developer that owns the land where Franciscan Health plans to build a $130 million orthopedic center in Carmel told city officials this week that taxes will be paid on the real estate in perpetuity, even if it sells the land to the health care system in the future.
City hires national group to study new uses for troubled Irvington sites
The struggling Irvington Plaza retail center and vacant Ford/Visteon manufacturing site are among the neighborhood’s biggest dormant spots and redevelopment opportunities.
CBD retailer to open as many as 108 stores in Simon malls
The first store is expected to open in Indianapolis in March at Castleton Square, Simon Property Group and Green Growth Brands announced Monday.
California real estate trust acquires Carmel office building for $32M
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Toys ‘R’ Us planning second act under new name
Toys “R” Us fans in the United States should see the iconic brand re-emerge in some form by this holiday season.
IRT raises curtain on $18.5M fundraising campaign
The campaign already has collected $17 million in commitments from donors, officials said. About two-thirds of the ultimate goal is earmarked for beefing up the theater company’s endowment.
Scotland-based craft-beer maker planning bar in Fountain Square
Established in 2007, BrewDog has 65 locations around the world, including 34 bars it opened last year. Indianapolis will be the second U.S. city to have a BrewDog bar.
UPDATE: Westfield pitches tax plan to fund construction of $35M downtown park
City leaders presented a plan during a city council meeting Monday night to use local income tax and TIF revenues to repay a $35 million bond that would be used to construct Grand Junction Plaza.
Bankruptcy judge blesses $5.2B plan to keep Sears afloat
The approval means roughly 425 stores and 45,000 jobs will be preserved, at least for now.
City seeks walkability, better flow in Castleton
Castleton remains central Indiana’s most expansive retail corridor, but does its retail focus—and its car-centric layout—suggest trouble lies ahead?