Holiday sales predicted to grow, but big chains to get smaller piece
Consumers are expected to buy more Christmas and other holiday gifts from niche retailers this year, pulling spending away from big store operators.
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Area home-construction filings rise for 9th straight month
Single-family construction permit filings have risen locally on a year-over-year basis in 12 of the last 13 months.
St. Elmo operator bringing upscale burger restaurant to Circle Centre
Craig Huse expects to open Burger Study in April near St. Elmo spinoff Harry & Izzy’s. He describes it as a “full-service burger bar and restaurant delivering an adult dining experience.”
HHGregg adds IndyCar team owner to board
Michael Andretti, owner of Andretti Autosport, has become a director following a sponsorship deal between the struggling retailer and the racing team.
I-69 subcontractors resume work on highway project
Crews have resumed work on an Interstate 69 project between Bloomington and Martinsville after halting operations earlier this month due to lack of payment.
Tesla would scale back Indiana operations under a legislative proposal
A Tesla executive said a proposal to prohibit direct-to-consumer auto sales would, if passed, prompt the company to make a U-turn with respect to expanding operations in the state.
Downtown dessert bar closes as entertainment venue gears up for debut
The owner of Frona Mae Cafe on Washington Street hopes to reopen at another location, while Punch Bowl Social prepares to begin serving customers Saturday on South Meridian Street.
Developer of Pulliam project will be first to back new city art program
As the recipient of a $1.1 million city loan, TWG Development has agreed to include public art in its mammoth project on the site of the former Indianapolis Star headquarters.
Downtown Georgia Reese’s to be replaced with new steakhouse
Restaurateur Gary Brackett plans to replace his Georgia Reese's Southern Table & Bar in downtown Indianapolis with a steakhouse called CharBlue by the end of the year, he announced Monday.
Chief exec has big plan to revive struggling Toys R Us
The chief executive who turned around Domino’s Pizza is trying to do the same for the problem-plagued Toys R Us chain, which has several stores in Indianapolis. Toymakers have every reason to be rooting for him.
Cleveland company acquires former Navistar plant site
The Brookville Road plant, which includes about 1.6 million square feet on about 90 acres, houses a former engine plant and foundry that once employed hundreds of workers.
Mainstreet Property affiliate plans $152M in acquisitions
The deals would swell the holdings of Mainstreet Health Investments, a publicly traded owner of senior care facilities, from 24 properties to 31. The purchases include four properties from Carmel-based Mainstreet Property Group for $92.8 million.
Developer of Coke site plans to preserve much of historic building
The CEO of Hendricks Commercial Properties says saving the structure as part of a massive $260 million redevelopment is important to "everything we're trying to create there."
Coroner’s office wants out of downtown building by January
The office will likely remain in the 25,000-square-foot, privately owned building at 521 W. McCarty St. the next two years while the city explores whether to move the office or have a building constructed.
Developer revives 317-acre project for Westfield
Developer Chris R. White initially proposed the $300 million project known as Aurora in 2006 but it fell victim to the Great Recession.
Fast-casual dining chain Newk’s planning 15 eateries in Indiana
Newk's Eatery announced Thursday that it has reached a development agreement with local investors to open 15 locations in the Indianapolis area and southern Indiana over the next several years.
Tesla to open first Indy service center
The upscale electric car company plans to begin renovating a 26,000-square-foot building next month on the north side and should open the shop by the end of the year.
New wave of downtown apartment projects to test demand
Construction of Penrose on Mass, Park at Pulliam Square and the second phase of CityWay will add another thousand units by the end of 2018.
Indy cracks nation’s top 10 for tech-firm office deals
Firms signed lease deals for nearly 1 million square feet of office space between mid-2015 and mid-2016 in Indy’s metro area, led by a mammoth deal for Salesforce.com, according to a national study.
Redevelopment deal could save historic Cumberland church
After a drawn-out drama over the structure’s fate, TWG Development LLC has agreed to buy the century-old building and convert it into senior housing, contingent upon receiving federal tax credits.