Pier 1, which has five stores in the Indianapolis area, unveiled an ambitious turnaround plan in April, but the retailer saw its sales slump deepen last quarter as it entered the critical holiday shopping period.
After many months of delays, an opponent of the project requested an eleventh-hour stay on city approval after he became too sick to attend the meeting.
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Rockstone Investments, parent company of Bedrock Builders, would spend $4.3 million to construct 31,000 square feet of office space plus a 17,000-square-foot warehouse.
This photo taken Dec. 24, 1929, in the market shows the members of the Italian-American Jardina family working the Mike Jardina Market Stand.
In the suit, a former business partner of Scott Wise says he was defrauded out of his $300,000 investment in the Scotty’s Brewhouse on Main Street.
The council gave the green light Monday to RealAmerica LLC’s plan to build a 130-unit complex along the proposed Nickel Plate Trail that would include 65 apartments with rents based on income.
Flexware Innovation will construct an additional 8,000-square-foot building at 1 Municipal Drive as part of its Nickel Plate District office building project.
The new locally developed seafood eatery is one of four retail tenants that have agreed to lease space in the dual-branded Hyatt Hotel development across from Bankers Life Fieldhouse. The restaurant plans a second location at the Yard at Fishers District.
The eatery’s new owners, who acquired the business in May, are moving to a new location over the weekend after 21 years in the current site. They also plan to expand Star’s menu offerings.
The value of Biglari Holdings shares have slid since the company at Sardar Biglari's behest adopted a dual-class stock structure in May.
The parent of Scotty’s Brewhouse filed for Chapter 11 bankruptcy protection late Tuesday in Indianapolis. It plans to shut down four of its 17 locations, including two local restaurants.
Emma Capital Investments Inc., which entered the Indianapolis market earlier this year, has acquired apartment complexes on the city’s north and northeast sides totaling 496 units.
Weaver’s Lawn & Garden recently closed after 57 years in business. The property owner said he is considering his options for the land.
Between 75 percent and 80 percent of Americans who have a Christmas tree now have an artificial one, and the $1 billion market for fake trees is growing at about 4 percent a year.
The old industrial building, which has about 130 tenants, has been in redevelopment mode since 2015.
Tennessee-based parent Genesco says it is still optimistic it can sell its Lids unit, while acknowledging it has taken longer than expected to find a buyer for the headwear retailer.
The specialty and Italian food distributor plans to spend more than $5 million to open a cheese-processing, printing and warehouse facility near Interstate 65.
Eddie Lampert took his first step toward rescuing Sears Holdings Corp. from bankruptcy with a $4.6 billion bid that would keep hundreds of stores open and preserve about 50,000 jobs.
In this photo, taken April 12, 1947, girls are carrying “Wemmer for Mayor” balloons supporting Republican William Wemmer as they walk down the 100 block of West Washington Street.
