CVS, suitors for Marsh stores agree to settlement, helping clear way for sale
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
Under the agreement, prospective store buyers Kroger and Fresh Encounter would be able to operate pharmacies at the locations much sooner than rival CVS expected.
CVS wants to prevent buyers from operating pharmacies. Lockerbie Marketplace's owners say Fresh Encounter has failed to demonstrate it has the financial wherewithal to "fully perform" under the Marsh lease it wants to take over in that shopping center.
For decades, Marsh Supermarkets has had a lock on the downtown grocery market. Proposed store sales disclosed Tuesday, combined with the impending opening of Whole Foods, set the stage for three-way showdown.
The 26 stores that the Kroger and Fresh Encounter chains have agreed to acquire span Indiana, as well as four cities in Ohio. Here’s the whole list.
Refinery 46 is targeting plumbers, electricians and other contractors in a twist on the growing trend of shared work spaces.
Tom and Ed Battista of Bluebeard fame have purchased the Christian Unity Missionary Baptist Church near Spades Park with hopes of opening a three-screen independent cinema and restaurant.
The agreement would allow Christian Theological Seminary to receive a 100-year lease to remain on its 40-acre campus.
Gymboree, which is struggling under an enormous load of debt, said it would have to close up to a third of its 1,300 stores nationwide.
Marrow, an innovative restaurant with an eclectic menu, was co-founded by chef John Adams, formerly of Bluebeard and Plow & Anchor Restaurant.
As farmers markets have grown increasingly popular in Indianapolis, relationships among vendors, restaurants and foodies have taken root across the city.
A prominent Indianapolis family that filed a complaint against an RBC Wealth Management broker seeking nearly $20 million in damages recently accepted $3.5 million to resolve the dispute.
I-Town Church has moved a step forward in its controversial plan to build a house of worship at the busy intersection of 126th Street and Brooks School Road in Fishers.
A review committee has recommended the plan to city officials over a proposal submitted by the owner of the liquor store next door.
The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.
A plan to build a new house of worship in Fishers on land now occupied by the Gray Eagle Golf Course driving range and clubhouse has raised red flags from nearby homeowners and at least one member of the Fishers City Council.
The company said it plans to lease a new 140,000-square-foot building in Southtech Business Park where it will process, package and distribute corn, soybean and cotton seed for field testing.
The French manufacturer of premium cookware has agreed to take 1,600 square feet of space at the north-side shopping center, marking its entry into the Indianapolis market.
The company, now headquartered in Castleton, plans to build an 80,000-square-foot office building on USA Parkway, to the north of 106th Street, along the busy Interstate 69 corridor, it announced Tuesday afternoon.