Marsh poised for more closings, sued for nonpayment of rents
Struggling Marsh Supermarkets has stopped paying rent on six Indianapolis stores, a move that might suggest the struggling chain is preparing to close them to shore up finances.
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David Simon: Sky-is-falling perception ‘ridiculous’
A Wall Street analyst said turnover among retailers actually creates opportunity for Simon Property Group—enabling it to replace underperforming department stores with an eclectic mix of restaurants, movie theaters and other entertainment venues that pay higher rent and boost customer traffic.
Area home builders see 14-month streak come to an end
After more than a year of experiencing rising demand for new homes, Indianapolis-area builders had an off month in February.
Greenwood man sentenced to 41 months for $2.7M embezzlement scheme
Troy Sissom has been ordered to serve 41 months in federal prison for defrauding F.A. Wilhelm Construction Co. from 2003 to 2015.
Four local firms vying to redevelop downtown GM property
The entity charged with selling the 103-acre site said the proposals represent up to $1 billion in investment to transform the vacant parcel into a destination.
Developer gets feedback on $260M Bottleworks project from city planners
Hendricks Commercial Properties has scaled back some of the plans for the massive mixed-use development at College and Massachusetts avenues, at the site of a former Coca-Cola bottling plant.
Gordmans closure to end 139 jobs at Indy-area distribution center
The century-old discount department store chain, which has a store in Avon, said it planned to permanently close a distribution center southwest of Indianapolis on May 12.
Big Car launches affordable home-ownership program for artists
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
Westfield approves rezoning for Grand Millennium Center
The Grand Millennium Center, proposed by EdgeRock Development LLC, is expected to include a civic center, YMCA, aquatics center and health care facility, convention center and at least one hotel with possibly 500 rooms.
VA delays plan for Crown Hill amid growing opposition
The decision comes amid growing opposition to the 15-acre national cemetery project, which opponents say endangers old-growth forest on the northern border of Crown Hill.
Outdoor retailer Gander Mountain closing area store
Gander Mountain is closing two stores in Indiana, including one of its Indianapolis-area locations, as part of a bankruptcy restructuring plan that will close 32 stores overall.
Gordmans Stores files for bankruptcy with plan to liquidate
The century-old discount department store chain operates one store in the Indianapolis area and several more in other parts of the state.
Lawsuit accuses strip club operator of exploiting dancers
A company that owns more than a dozen strip clubs around the country, including one in Indianapolis, is facing a federal lawsuit over allegations that it exploited its dancers by requiring them to pay fees in order to work.
Other suitors will have chance to outbid HHGregg’s proposed buyer
The Indianapolis-based appliance and electronics retailer says it has interest from dozens of potential purchasers.
Furniture stores brace for Ikea’s incursion
The long-awaited arrival of Ikea to central Indiana will transform the way many Hoosiers buy furniture.
Salesforce expansion will fill one-quarter of Salesforce Tower
The San Francisco-based tech giant in May will begin occupying 11 floors in the 48-story building.
Meijer to roll out home-delivery grocery service in Indianapolis
The regional retailer, which has about a dozen superstores in the area, said it will offer the service beginning in April through outside vendor Shipt Inc.
St. Vincent planning $13.6M education center on hotel site
The hospital system plans to tear down a two-story hotel near its Indianapolis flagship campus and build a training facility for simulating situations in acute care.
Redevelopment of Irvington Coal Factory site stalls
A plan to build a $7.7 million affordable housing project on the site failed to win the necessary tax credits to help finance the development.
Radio Shack ‘rescuer’ files bankruptcy, likely to liquidate
The company that set out to revive the fortunes of RadioShack, the venerable consumer-electronics chain, filed for bankruptcy Wednesday after failing to keep up with changing consumer habits. The filing could mean the end for eight remaining area stores.