Land bank successor aims for openness
A startup not-for-profit has begun returning vacant and tax-delinquent properties to the city’s tax rolls, stepping into a void left by the disgraced Indy Land Bank.
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Hamilton County’s residential boom leaves affordability behind
Only about 2 percent of the avalanche of residential units built in Hamilton County the last five years is dedicated to affordable housing.
Double 8 closes four remaining grocery stores
Declining revenues were too much of a challenge to overcome, the local grocer said in a statement. The chain opened its first store in 1957.
Indy’s top 11 acquisition deals, before Anthem-Cigna
Anthem’s $54 billion bid for rival insurer Cigna is twice the size of the next-largest acquisition in the Indianapolis area, which occurred nearly a decade ago.
New plan emerges for Broad Ripple Legion site
A local developer no longer is pursuing plans to build a five-story office building on the property. A small real estate brokerage firm in the neighborhood now hopes to renovate the space and move its office there.
Giant Eagle drops plans to demolish historic Cumberland church
After a drawn-out battle with the town of Cumberland, Giant Eagle said that it won’t pursue plans to demolish the St. John United Church of Christ to build a gas station and convenience store on the property.
DMD administrator Beaubien promoted to acting director
Brad Beaubien will take over for Adam Thies, who announced last week that he was leaving on Friday to become assistant vice president for capital planning and facilities at Indiana University.
Former HHGregg manager wins class-action suit over bonuses
The complaint charged the Indianapolis-based retailer failed to factor a $40 million life insurance payout into the calculation for employee bonuses. The ruling potentially could lead to millions of dollars in damages.
Owner of 3 Indiana casinos sells real estate in $4.7B deal
The deal will create a combined real estate investment trust that will own 35 casino and hotel facilities in 14 states, including three in Indiana.
Apartments proposed for site next to Madame Walker Theatre
The city is set to consider a proposal to build 30 apartments on a surface lot by the historic theater and to restore an existing, century-old structure.
Indianapolis-area office market showing signs of a rebound
Stronger absorption in the metro area is pushing vacancy down and rental rates up, mid-year office reports show, even though downtown’s vacancy rate remains above 20 percent.
Marketing tech firm bags $8M venture capital boost
Indianapolis-based marketing technology firm SmarterHQ has landed another $8 million in venture capital, spearheaded by an investment fund launched by local retail behemoth Simon Property Group Inc.
Anderson tries to make downtown hip for millennials
City leaders want to establish Anderson as a cultural hotspot, patterned after Seattle and Portland, Oregon, and other places where the millennial generation is flocking.
Indy officials hope zoning change spurs energy-saving transport
Developers could save when they scale back the required number of parking spaces and instead offer bike racks, electric-car charging stations or other “green” amenities.
Death business expands into hosting weddings, other events
Funeral homes aren't just for funerals anymore. Businesses that once focused almost entirely on honoring the dead are now open to an array of events as they seek to add revenue.
Apartment construction drives U.S. homebuilding surge
U.S. builders broke ground on apartment complexes last month at the fastest pace in nearly 28 years, as developers anticipate that recent jobs gains will launch a wave of renters.
Ambitious development plans start to take root near Lucas Oil Stadium
Emboldened by the proposed development of a Marriott hotel, and prospects for another new hotel, the group that promotes downtown’s south side is beginning to lay the groundwork to transform the largely ignored area into a destination.
Suit over Simon tactics details Ann Taylor arm-twisting
New York-based Ann Taylor has provided nearly 30,000 pages of documents in response to discovery requests related to why it signed a lease in 2006 to open a Loft store in a competitor's shopping center, only to reverse itself two years later and instead open at Simon Property Group's nearby University Park Mall.
Indianapolis-area homebuilding activity shows June jump
Builders filed 530 single-family permits in the nine-county metropolitan area in June, the Builders Association of Greater Indianapolis said Thursday. That's a 9-percent increase from June 2014.
Openings: B Spot Burger, Repeal, Scotty’s latest creation
Ironworks at Keystone will boast a new-to-Indy burger joint this month, as a tea shop pours into the nearby Fashion Mall. In Fletcher Place, the new restaurant Repeal harkens back to 1933.