McNamara hopes $2.5M bet on HQ will help Mass Ave industrial corridor flower
The Indy area’s largest florist has completed moving its headquarters and distribution operations from Fishers to an area near downtown in need of revitalization.
Real Estate
Articles
Central, Southern Indiana Goodwill affiliates planning merger
The merger will create a group called Goodwill of Central & Southern Indiana that will cover 39 counties ranging from north-central Indiana to the Ohio River.
Old City Hall hotel project faces financing delay
Construction of a 21c museum and hotel slated to be built as part of a $55 million redevelopment of Old City Hall is not likely to start on time after the owner missed a deadline to secure financing.
Kite Realty’s focus on primo locations serving it well
Kite Realty Group Trust has built an admirable record of picking winning locations for its centers and keeping them vibrant with tens of millions of dollars in upgrades.
Trader Joe’s Castleton store about to get bigger
The specialty grocer is growing its footprint by taking over neighboring retail space and signing a long-term lease extension.
Lowe’s disappoints analysts with weak sales growth
One day after retailer Home Depot reported record earnings that signaled an improving U.S. housing market, competitor Lowe’s reported weak sales growth and cut its profit expectations for the year.
Target cuts its sales forecast, citing ‘difficult retail environment’
The dour outlook renews concern that the retail economy is sliding into a deeper funk.
Area home builders see eighth straight month of rising sales
Demand for new homes continued to rise locally last month, according to figures reported Wednesday by the Builders Association of Greater Indianapolis.
Soft pretzel vendor eyes Indianapolis for expansion
Indiana-based franchisor Ben’s Soft Pretzels LLC announced Tuesday that it was seeking franchisees to open 25 locations in the Indianapolis area by 2021.
Dick’s boosts annual forecast despite slumping golf sales
The sporting goods chain with eight area stores saw its stock rise as much as 10 percent Tuesday morning. The retailer is benefiting from the demise of its biggest rival.
Home Depot sees record sales as U.S. home construction rises
Home Depot operates more than 2,250 stores, including four in Indianapolis and one each in Carmel, Noblesville, Greenwood and Greenfield.
Suburban megachurch expanding into downtown with big purchase
Traders Point Christian Church has acquired a 104-year-old building at the corner of 12th and Delaware streets and plans to spend $2 million to renovate it.
Roundup: Wine bar uncorking Broad Ripple locale, downtown sub shop closing
Louie’s Wine Dive is poised to take prime space in Broad Ripple that’s been vacant for years, while Penn Station is leaving West Washington Street and heading south.
Holy Cross becomes salvage hotbed with four shops within walking distance
A salvage hub of sorts is taking shape on the near-east side now that another antique shop with a familiar name has opened in the area.
Trees cleared from senior-living site without proper permits
Developers that stripped a high-profile parcel on the north side of its trees months ago to prepare the site for a $13 million senior living center did so without receiving proper permitting.
Builder bets on West Clay retail area
A developer is poised to tackle the remaining vacant commercial property in the heart of Carmel’s Village of West Clay.
Citimark planning $33M office campus near downtown Fishers
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
Retailer Macy’s plans to close another 100 stores
Macy’s operates three Indianapolis-area stores—at Glendale Shopping Center, Castleton Square and Greenwood Park Mall.
Renderings detail $30M apartment project under way near Fashion Mall
The apartment project, part of the larger River North development, has a name now and should begin welcoming its first residents late this year.
Steak n Shake same-store sales streak ends after 29 quarters
Steak n Shake same-store sales slipped 0.7 percent in the latest quarter as customer traffic at those locations fell 2.1 percent. The decline ended a streak that started in 2009.