$40M apartment project intended to help transform Brownsburg’s downtown
The development is part of the town’s larger plans to transform its nondescript downtown into a more vibrant anchor for the community.
Real Estate
Articles
Simon pays $945,000 to settle N.Y. antitrust probe
The Indianapolis-based real estate giant called the investigation "meritless" but nonetheless agreed to modify leases at a popular outlet mall near Manhattan that restricted tenants from opening a second location within 60 miles.
Local heating-cooling business moving HQ from Fishers to Indy
Service Plus plans to spend about $1.5 million on the move, which is expected to help the company double its workforce.
URBAN DESIGN: IHPC offers lessons for smart development
The work of the Indianapolis Historic Preservation Commission leads to higher property values and people-focused development.
Ford plant redevelopment may get even bigger
TWG’s plans for the near-east side could extend beyond the century-old Ford plant to include the adjacent building to the east that houses Ivy Tech Community College’s automotive program.
Proposed Carmel hotel raises questions about risk, private sector
Hotels in Carmel could soon have an unexpected competitor—the city itself.
HHGregg preparing for comeback as online retailer
A company that acquired the intellectual property rights for defunct Indianapolis-based retailer HHGregg Inc. is planning to resurrect the brand with an online business that sells electronics and appliances nationally.
City to steer $500K into grocery development in low-income areas
The Hogsett administration plans to use federal grant funding to stimulate the development of one or more grocery stores and help eliminate food deserts.
Indy-area builders seeing more demand for new houses
Home builders continued to see strong interest in new homes in central Indiana last month, according to the latest numbers from the Builders Association of Greater Indianapolis.
Eleven local groups float plans for redeveloping Old City Hall
The proposals include work space for startups and a city visitors center, as Indianapolis officials search for a new strategy for reusing the stately, 107-year-old building.
Portillo’s announces opening date for first Indy-area restaurant
The Chicago-based eatery known for its Italian beef sandwiches and hot dogs is set to open at 9201 E 116th St. in Fishers, near Ikea.
Entrepreneurs plan to renovate historic Anderson theater
Past attempts to salvage the State Theatre focused on restoring it as a historical venue, but the new operators say the site needs to offer something different. One of their inspirations is The Vogue in Indianapolis.
Last local Joe’s Crab Shack goes out of business
Parent company Ignite Restaurant Group, which filed for Chapter 11 bankruptcy in June, has closed dozens of restaurants across the country.
Developer revives proposal for massive Fishers sports complex
The Fishers Sports Pavilion project was first introduced in April 2015, but construction never started. Now, a modified proposal with a $75 million price tag is heading to Fishers officials for consideration.
Ikea announces opening date for Fishers location
The Swedish retailer said it will allow customers to line up at the 289,000-square-foot store two days ahead of the grand opening.
Indy-area Applebee’s owner says local locations aren’t closing
Apple American Group, which owns about 20 Applebee’s franchises in the Indianapolis area, said its restaurants won’t be among those being shut down by DineEquity Inc.
Three-story mixed-use project in Broad Ripple gets balky feedback from city
Developers want to demolish two residential structures along Guilford Avenue to make way for the project, which would feature retail and office space in addition to 10 apartments.
Parent of Applebee’s, IHOP to close up to 160 restaurants
DineEquity Inc., the parent company of Applebee’s Neighborhood Bar & Grill and IHOP, is planning to eliminate as many as 160 of the restaurants, the company said Thursday.
Growing number of restaurants, bars serving board games as side dish
Standards such as Monopoly, Scrabble and Yahtzee can be found on shelves at Big Lug Brewery, Tin Roof, Thirsty Scholar and more. But some venues have gone even further—including Books & Brews and Kingmakers—are making tabletop games the centerpiece of an evening out.
Has Steak n Shake’s value pricing become detriment?
Sardar Biglari racked up 29 quarters of consecutive same-store sales gains before the current cold streak hit.