Indy housing agency’s development arm promotes new leader
Jennifer Green, an agency veteran who previously led the city’s efforts to develop Fall Creek Place, is the new president of Insight Development Corp.
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UPDATE: Circle Centre anchor Carson’s commits to 5-year lease extension
The department store’s lease had been due to expire next January. If it had pulled out, the downtown mall would have been left with no anchors.
City lands $55M in federal tax credits for economic development projects
Mayor Joe Hogsett said the award of the New Markets Tax Credits will provide gap financing for "developments designed to jump-start economic development, create jobs in at-risk areas and revitalize distressed neighborhoods.”
Carmel’s redevelopment strategy paying off, IU study says
The city of Carmel’s huge investment of public dollars into its central core has paid off when it comes to generating economic activity, jobs and additional investment in the area, according to a new study by the IU Public Policy Institute.
New entertainment venue taking former Latitude 360 space
Main Event Entertainment hopes to open in the Lake Clearwater area by the end of February. And nearby, J. Crew Mercantile is coming to the Rivers Edge Shopping Center.
Indiana lawmakers seek changes to laws on property seizure
Eight bills have been submitted this legislative session to reform the state's civil forfeiture law.
MIBOR opposes Carmel’s short-term rental restriction
Opposition is growing to the city of Carmel’s order that homeowners remove their properties from Airbnb listings.
Airport looks to add more local flavor to concessions
Indianapolis International Airport wants to bring in more local vendors as contracts with some current concessionaires expire, and add other features to better reflect the character of the city.
Local hotel revenue growth beats national average
Through November, downtown Indianapolis hotels saw their revenue increase 8 percent over the same period a year ago, far ahead of the national average of 4.9 percent.
Foreclosure suit alleges Mainscape affiliate owes more than $6M on loan
The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.
Survival questions swirl over HHGregg
The company's shares took a dramatic tumble on Jan. 9, after it reported disastrous preliminary sales figures for the quarter ended Dec. 31.
City unveils plans for City-County Building plaza revamp
The latest design plan, from Rundell Ernstberger Associates, is ready more than two years after a more expensive version was selected and ultimately scrapped due to its cost.
Oregon-based juice bar, organic nosh spot opening near Monument Circle
Developments downtown are drawing a Portland entrepreneur and Hoosier native back to the city, where Greenleaf Juicing Co. in March will open its first store outside of the Pacific Northwest.
Marsh to close store near 53rd and Keystone
Marsh Supermarkets, which has been showing signs of struggle amid growing competition, plans to close the store Jan. 28. The location is where Marsh opened its first Indianapolis store, in 1957.
Wal-Mart planning to add about 10,000 retail jobs in U.S.
The world's biggest retailer said Tuesday that 59 new, expanded or relocated Walmart and Sam’s Clubs locations are in the works.
Indianapolis-area home builders see busiest year since 2007
The 2016 permit number marks the fifth straight year of rising sales, but still pales when compared with the single-year high for permits in this century.
Roundup: New taqueria to replace Plow & Anchor downtown
The owners of the former Plow & Anchor restaurant, which closed Jan. 2, hope to have the Mexican eatery open within the next month.
No room in the industrial market as occupancy soars
The Indianapolis-area industrial market ended the year with vacancy of just 3 percent, nearly half of what it was at the end of 2015. The upshot: More properties are needed, and several million square feet of space are in the pipeline.
Marsh grocery chain owes more than $200,000 in unpaid bills
Contractors and at least one landlord say Marsh Supermarkets has fallen behind on rent and other bills—a development that suggests the locally based chain is facing heightened financial strain.
Talbots to close its Circle Centre store in latest clothier exit
The purveyor of classic women’s styles isn’t the only fashion retailer planning to close its location in the downtown mall in the next week.