Irvington on the upswing with efforts to bolster commercial growth
Grassroots efforts by local residents have meant a boost in the number of restaurants and retailers in the historic Indianapolis neighborhood, which was once considered a suburb.
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Sluggish wages, job growth expected to slow holiday shopping
Stores are also grappling with shoppers’ shift away from clothing and other traditional merchandise and more toward experiences like spas and concert tickets.
The Koelschip bar opening by Goose in Fall Creek Place
The offshoot of Indy-based Central State Brewing hopes to begin serving its beer, plus wine and coffee, within the next few months in space adjacent to Goose the Market.
Noblesville grain elevator project hits roadblock
The Hamilton County Council declined to vote Wednesday night on a resolution to support funding for Hamilton County Area Neighborhood Development’s $12 million mixed-use proposal for the 2-acre site.
Herron targets historic armory on White River for new high school
Herron High School hopes to raise enough money to turn an abandoned armory in Indianapolis into a new high school, according to Indiana Landmarks, which is trying to save the property.
After final service, Cumberland church awaits likely demolition
The congregation of St. John United Church of Christ in Cumberland has held its last service at the historic structure and is moving to temporary space. After a battle with town officials over the fate of the church building, leaders say they likely will demolish it.
Renderings: The Collegian at Michigan and Capitol
Trinitas Ventures has started work on its $40 million, 11-story downtown apartment and retail project–the latest in a handful of projects targeting IUPUI students.
11-story hotel proposed for downtown on South Meridian Street
Plans filed with city historic preservation officials call for a 193-room Cambria hotel built on a surface lot just south of Station Place.
Q&A: HHGregg CEO talks turnaround strategy
Dennis May has been at the helm of the electronics and appliance retailer since 2010 and has seen sales of televisions swoon. But expanding into furniture and high-end appliances might help right the ship.
Farm family near Grand Park adapted to encroaching development
Craig Wood has spent most of his 60 years on 191st Street in Westfield, living and working on his family farm. For most of that time, the adjacent land has been other houses and farm fields, but that all changed on Nov. 18, 2011, when construction on Grand Park Sports Campus began.
IPS property sale rekindles talk of downtown Target
Indianapolis Public Schools' plan to sell the 11-acre former Coca-Cola bottling plant site at Massachusetts and College avenues has revived talk that Target would finally open a downtown store.
Mall owner that spurned Simon takeover makes $2.3B deal
Macerich Co. has agreed to sell minority stakes in eight U.S. malls for $2.3 billion to Singapore’s GIC Pte and property investor Heitman LLC.
Roundup: Tap House coming to Greenwood; The Tap opens downtown
The owner of Indiana State Fairgrounds caterer Barto’s has plans for a restaurant and bar in Greenwood in the former Melting Pot location. Also, downtown newcomer Bacon Legs & Turntables has closed “temporarily.”
Shelbyville firm pays $8.6M for North Meridian office park
Evergreen Investment Corp. bought the four-building Waterplace Park from Indianapolis-based Keystone Realty Group, which purchased the property out of receivership in January 2014.
Online car dealer to spend $13.5M to open Whitestown center
New York City-based Vroom plans to lease the vacant 500,000-square-foot former Subaru of America building off Indianapolis Road to the west of Interstate 65. The company hopes to hire 220 employees by 2024.
Two downtown office buildings hit the market
Station Place on South Meridian Street is listed for $10.5 million, and the Indiana University Research & Technology Corp. is accepting bids for its building on the Central Canal.
Broad Ripple apartment project progressing under new developer
J.C. Hart Co. has bought land at the northwest corner of East 66th and Ferguson streets from three local real estate professionals. It plans to build the $17 million Park 66 Flats project on the site.
INDOT demands contractor refund $5M or fix crumbling road
The agency in a letter Friday to Fort Wayne-based Brooks Construction Co. gave the company one week to commit to returning the money or replacing three miles of the Hoosier Heartland Highway near Logansport that was completed in 2012.
$2M revival planned for near-north apartment building
Two local not-for-profits have partnered to buy a dilapidated apartment building along the Meridian Street corridor south of 38th Street that was vacated last November due to health and safety concerns.
Finish Line clocks steady performance in second quarter
The Indianapolis-based retailer of athletic apparel reported profit in its fiscal second quarter of $25.9 million, slightly down from the same quarter a year ago.