Finish Line struggles to hit stride with JackRabbit running-store chain
Management is talking as though it might jettison the 71-store, money-losing division if it doesn’t sharpen performance quickly.
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Hamilton County feuding imperils projects
A flurry of capital projects totaling more than $100 million is proposed for Hamilton County over the next several years, but tension between the executive and fiscal bodies might delay some of them.
Indiana Repertory Theatre inks 10-year extension to stay downtown
The theater’s new 10-year lease for the 1927 city-owned landmark on West Washington Street hands management duties to IRT and includes an option to renew for another 10 years.
Renderings detail $20.1M Ironworks hotel taking shape by Keystone
The developer broke ground Wednesday on the 120-room hotel that will rise by the Ironworks mixed-use development at East 86th Street and Keystone Avenue. Controversial signage has been approved.
Credit ratings firm says Carson’s parent in danger of default
Debt-laden Bon-Ton Stores Inc. operates just one store in Indianapolis, but that store is the largest tenant in Circle Centre—and considered a vital occupant for the downtown mall.
Cunningham group commits to sixth Bru Burger—in Plainfield
The locally owned specialty burger bar is slated to take space in the Shops at Perry Crossing and should open sometime early next year.
Feeling nudge from Fishers, Fortville aims to attract more businesses
Fortville in Hancock County has been a sleepy, one-stoplight town for years. But officials suspect that’s about to change, based on Fishers’ swelling population, and are preparing accordingly.
Developer plans $20M apartment project on Fountain Square block
Nearly an entire city block in Fountain Square soon could be redeveloped, with five old buildings getting torn down and a new five-story project springing up with retail space and 94 apartments.
Finish Line shares soar after results impress investors
Shares of the athletic shoe and apparel retailer shot 20 percent higher after the company narrowly beat expectations and outlined plans for improved performance.
Paradise Bakery & Cafe in Chase Tower to close Friday
Paradise already had indicated to its landlord that it wouldn’t renew its 10-year lease for the 4,700-square-foot space, which expires next year.
Indiana gets more than $600,000 in federal housing grants
The money will be used to make repairs and improvements to public housing units, as well as providing housing counseling to struggling consumers.
New state law allows distilleries to sell carryout 7 days a week
The new law lifts the ban on carryout sales for artisan distilleries, putting the businesses on par with wineries and craft breweries, which already sell alcohol on Sundays.
The Lazzaras up ante in downtown Carmel after early bets on mayor’s vision pay off
Four of the family’s five local businesses operate out of downtown Carmel—and Chuck Lazzara and his son are pursuing a $20 million mixed-use development called Monon & Main.
A home with a view
Charlie Brown and Louise Tetrick love the house they built on Geist Reservoir—especially the windows. Still, this home is for sale at $1.45 million through Berkshire Hathaway’s The Richwine Group.
Thorn in side of Noble Roman’s dumps stock for big loss
An Atlanta-based activist investor that had blasted Noble Roman’s Inc.’s management and called for the company’s sale has reversed course.
After report of Kite deal, CEO of Glimcher resigns
Retail real estate firm WP Glimcher denied last week that it was in talks to merge with Indianapolis-bases Kite Realty Group Trust. Now its CEO is gone, and directors are reevaluating its portfolio.
Homes selling at strongest pace nationally since 2007
Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade.
Existing-home sales surge in central Indiana
Existing-home sales in central Indiana jumped 18.6 percent in May as average sale prices ticked up and inventory dropped significantly.
City taking bids for more Union Station repair work
The Department of Metropolitan Development is soliciting bids for masonry, roofing, skylight and steel work at the 130-year-old downtown landmark.
Plan for downtown concert venue on old GM plant site called off
REI Investments, the Carmel-based developer who had been under contract to redevelop about half of the site into a $30 million concert venue, has mutually agreed with owner RACER Trust to terminate the plan.