Four Broad Ripple apartment projects could boost daytime traffic
A deluge of apartment projects is on track to bring 500 units to Broad Ripple—a building boom that promises to bolster the daytime traffic village leaders have long coveted.
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Shifting plans sow dis-Harmony in Westfield ’hood
The developer of the Harmony community is seeking zoning changes that would allow a gas station and fast food restaurants within the community; many residents are opposed.
Biglari’s Maxim saga drenched with drama, red ink
A former employee alleges that Sardar Biglari insisted Maxim devote 50 pages of the December/January issue to Monaco, where he spends significant time, and include features on his favorite cigar shop and on David Letterman, part-owner of the race team Steak n Shake sponsors.
Report of Kite-WP Glimcher merger takes analysts by surprise
At least one industry analyst that follows Indianapolis-based Kite Realty said a union between the two companies wouldn’t make sense, given that most of Kite’s properties are strip centers and WP Glimcher’s are shopping malls.
Indy picking up momentum as ‘walkable’ city, expert says
The challenge, according to an author of a study of pedestrian-friendly cities, is picking up ground on the dozens of major metro areas that also are making walkability a higher priority.
Sandwich chain Jimmy John’s sued over noncompete agreements
Jimmy John’s, which has at least 35 locations in the Indianapolis area, has been sued by Illinois Attorney General Lisa Madigan over agreements she says prevents them from seeking jobs with competitors.
Report: Kite Realty in merger talks with Ohio-based retail REIT
Indianapolis-based Kite Realty Group Trust is in merger talks with fellow retail landlord WP Glimcher Inc., Reuters reported late Wednesday, citing people familiar with the matter.
Major renovation for downtown Marriott to run ‘tens of millions’
The revamp of the 622-room Marriott is meant to bring the hotel up to the same standards as the JW Marriott a block to the west. The latter’s owners have agreed to buy the former for $165 million.
Roundup: Jack’s Donuts opening downtown, Binkley’s debuting tap room
Jack’s, the New Castle staple that has begun franchising, is set to open two locations downtown—one in the former home of a locally based pizzeria.
Flaherty & Collins walks the walk with move from suburbs to downtown
Responsible for a portion of downtown’s apartment boom, the developer hopes relocating to Regions Tower will attract the younger workforce it’s helping bring to the urban core.
Former Whitestown-based builders charged with $1.2M fraud
Police say Gary Ogle, 69, and Robert Fersch, 68, defrauded customers and subcontractors in Hendricks, Marion, Boone and Hamilton counties of $1.2 million.
HomeAdvisor CEO on Indy: ‘I didn’t think we’d do this well this fast’
On a recent visit to Indianapolis, HomeAdvisor CEO Chris Terrill spoke with IBJ about the company’s fast-growing local office, its nearby competitor Angie’s List, and the future of the home-services industry.
Flanner and Buchanan acquires local funeral home
Flanner and Buchanan Funeral Centers has acquired the Lavenia & Summers Home for Funerals, Indianapolis-based Flanner and Buchanan announced Thursday.
FOCUS: Investment ramps up in Carmel, Westfield as U.S. 31 construction ends
More than $235 million worth of development is anticipated or already under construction along the roadway through Carmel and Westfield—and that doesn’t include a handful of the projects with undisclosed costs.
Key 38th Street corridor poised for renewal
A prominent Indianapolis developer is pursuing two projects totaling $32 million that would bring a grocery and 200 apartments to a neglected stretch near 38th and Meridian streets.
UPDATE: City’s second-largest hotel to be sold for $165M
White Lodging Services Corp. and REI Investments have a contract to acquire the 622-room Indianapolis Marriott Downtown hotel, the owner said Thursday.
Judge declines to dismiss $6.5M Andy Mohr jury award
Volvo Trucks North America had requested that the verdict be thrown out, arguing that “no reasonable jury could award damages” based on the evidence presented at trial.
Upstart Mexican eatery already expanding
Luciana’s Mexican Restaurant & Cantina on Broad Ripple Avenue should open its second location, early next month, in the Clearwater Crossing shopping center.
Future of high-profile Zionsville property thrust into uncertainty
Pittman Partners LLC had proposed a $90 million, mixed-use project known as The Farm near the southwest corner of U.S. 421 and Sycamore Street. It recently withdrew from the project, and a new developer is being sought.
Hofmeister faces $2.4M suit over Clearwater jewelry store
The foreclosure lawsuit is the latest legal problem for the 43-year-old retailer, which is still trying to pay off debt from a Chapter 11 bankruptcy it filed in 2011.