Carmel introduces streamlined zoning ordinance
Officials say the new rules eliminate redundancies and establish three new zoning districts that better reflect the city’s growth.
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National retailer’s closure plans to affect four Indianapolis-area stores
A decision by a national religious-based retailer to close all 240 of its stores will put 14 Indiana locations out of business.
Central Indiana home sales fall after 15 straight months of increases
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
$15M renovation gives Marriott North first major refresh
The 315-room hotel, built in 1998 at Keystone at the Crossing, now boasts several amenities and improvements that give it a more modern feel.
Target revamping stores to attract different types of shoppers
In a move to bring shoppers back to its stores, Target Corp. is embarking on an ambitious redesign aimed at helping people who need to dash in for milk to get out quickly while encouraging those who want to wander the aisles to linger.
Marsh Supermarkets set to close Nora store in April
The Marsh chain continues to downsize amid growing competition. The store on East 86th Street has struggled to attract customers since a Kroger opened across the street in 2010.
RadioShack bankruptcy claims Indianapolis stores
Eleven stores in Indiana, including four in Indianapolis, are on the closure list. Five area stores escaped the list.
Bill prohibiting cities from banning Airbnb advances
The bill’s author, Rep. Matt Lehman, R-Berne, says it’s important to stop knee-jerk government regulation that would restrict anyone’s ability to “use our private property for what we want to use it for.”
Airport enters development agreement with Holladay Properties
Holladay Properties is expected to find development opportunities for 266 acres of unused airport land just south of West Washington Street.
J.C. Penney to close five Indiana department stores
The department store chain announced Feb. 24 that it planned to close about 14 percent of its locations. On Friday, the retailer unveiled a list of 138 stores that were on the chopping block.
HHGregg’s deal with proposed buyer falls apart
The appliance-and-electronics retailer never disclosed the identity of the proposed buyer, but statements by attorneys in court and in a court filing suggest it was affiliated with Zimmerman Advertising, the company's advertising agency.
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.
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.