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.
Real Estate
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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.
Developers ironing out details on $20M housing project in Mapleton-Fall Creek
Mapleton-Fall Creek Development Corp. and Merchants Affordable Housing Corp. are closing in on a complex financing plan for the proposed low-income housing development.
High-profile chef targeting Fountain Square for Japanese eatery
Neal Brown of Pizzology and The Libertine is nearing a lease deal to occupy the former Skip’s Market building and hopes to open Ukiyo in the spring.
E-commerce firm investing $4.75M to open 75-worker Plainfield fulfillment center
VMInnovations will distribute everything from electronics to baby products from a 160,000-square-foot building it is renovating at 2812 Airwest Blvd.
Aeropostale wins approval of $243 million sale to mall group
Teen clothing retailer Aeropostale Inc. won court permission Monday to sell its assets to buyers led by Indianapolis-based Simon Property Group Inc. and General Growth Properties Inc.
Opposition mounts to VA’s plan for Crown Hill columbarium
The U.S. Department of Veterans Affairs wants to build the structure on nearly 15 wooded acres owned by the cemetery, but a group led by the Indiana Forest Alliance is hoping to stop the project.
Kroger expects to earn less this year on falling prices
The Cincinnati-based supermarket operator—the No. 1 grocery player in the Indianapolis area— said Friday it was hurt by falling prices of eggs, meats and other products, forcing it to lower its earnings guidance for the year.
Greenwood works to get neighborhood on national register
The documentation of about 300 homes and churches north of Main Street is a vital part of the effort and will be used to make a case for the historical significance of Old Town.
Westfield couple rehabs downtown house by house
Bob and Michelle Beauchamp have invested millions of dollars buying and renovating homes on Park Street into restaurants.
Kohl’s buys massive Plainfield warehouse, plans 900 jobs
The retailer announced that it has acquired a 937,000-square-foot distribution center in Plainfield where it hopes to hire 900 employees by early 2020.
Alabama firm seeks to build student housing complex on downtown IU site
Capstone Collegiate Communities LLC wants to demolish a building at the north end of the Central Canal to make room for a four-building student-housing complex with 285 units and 800 beds.
Indiana Finance Authority takes action against I-69 developer
The Indiana Finance Authority has taken action against the private developer of a 21-mile section of the Interstate 69 extension for failing to pay for work done on the project.
Cabinet designer razes Westfield Boulevard building for new studio
A local custom cabinetry designer bought the building on Westfield Boulevard near East 75th Street last year and finished tearing it down late last month.
Simon Property-led group wins bid to keep teen retailer alive
A consortium led by Indianapolis-based mall giant Simon Property Group Inc. and rival General Growth Properties Inc. has won an auction for the assets of Aeropostale Inc., with a plan to keep open at least 229 of the bankrupt teen retailer’s stores.
EPA to brief Indianapolis residents on lead cleanup project
A federal agency that's preparing to clean up lead-tainted soil around dozens of Indianapolis homes will brief residents on the project next week.
Chain restaurants feeling sales squeeze
Diners are choosing among more options—and often favoring independent restaurants to chains.
Stock swoons at Lids’ parent after company cuts outlook
Shares in Genesco Inc.—parent of Zionsville-based Lids Sports Group—dropped almost 30 percent Thursday after the company reported lower-than-expected sales in the second quarter and downgraded its full-year outlook.