Subway planned to rebrand Fogle as family man before raid by FBI
Before federal investigators raided the Zionsville home of Subway spokesperson Jared Fogle on Tuesday, the company was in the midst of rebranding him to revive stagnant sales.
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Rendering offers vision for vacant Irvington lot
The vacant lot along East Washington Street that Irvington officials are marketing for redevelopment has yet to attract any offers. But an architect’s rendering is giving residents an idea of what could be built there.
Castleton Park acquired by New York real estate investor
One of the city's largest and oldest office parks has been sold. Castleton Park, a 120-acre property containing 31 office buildings, was acquired by New York-based Group RMC, a real estate management company.
Subway suspends ties with spokesman Fogle after raid
“Subway and Jared Fogle have mutually agreed to suspend their relationship due to the current investigation,” the sandwich chain said Tuesday in a written statement. The separation is jarring because the 37-year-old everyman has become a familiar face around the world.
Starbucks perking prices on some drinks by 5 to 20 cents
A small and large brewed coffee will each go up by 10 cents in most areas of the country, Starbucks says. That would bring the price of a large coffee to $2.45 in most U.S. stores.
Upstart restaurateur opening Public House in SoBro
Indianapolis native Brian Baker plans to start serving patrons late this fall from his South American-themed Open Society Public House on College Avenue, catty-corner to Greg Hardesty’s celebrated Recess.
Rare downtown condo project under construction in Lockerbie
Chase Development LLC plans to build 12 condos ranging from nearly $400,000 to $1.2 million as part of its 500 Park Residences project at the northwest corner of East Michigan Street and Park Avenue.
Highland seeks to wedge upscale homes on golf course grounds
The country club on the northwest side foresees 46 houses on 25 acres and using money from the sale of the land to make crucial improvements to the private retreat.
Indiana law spurs ‘fireworks tourism’ from Illinois
Fireworks store owners in northwest Indiana say half to 80 percent of their business comes from Illinois, where fireworks are strictly regulated. That’s also good for restaurants and other retailers.
Ironworks developer planning next phase for apartment project
Hendricks Commercial Properties has purchased the adjacent La-Z-Boy building and is planning to build more apartments on the high-profile property at 86th and Keystone.
McDonald’s localizes menus with pulled pork, bacon McMuffins
The world’s biggest restaurant chain, hoping to appeal to wider swaths of Americans, is working to offer more locally relevant fare, such as pulled-pork sandwiches in Indiana, bacon and white-cheddar Egg McMuffins in Chicago and cranberry-orange muffins in the Midwest.
Neighbors yell ‘fore’ over apartment project that would replace golf course
A par-3 golf course on the city’s north side could be replaced by a $45 million apartment community with nearly 400 units, much to the chagrin of neighbors opposing the massive project.
Young Whitestown leader puts stamp on growing town’s canvas
Lauren Bailey, 24, the town’s first director of planning, is responsible for envisioning what the fastest-growing community in the state could look like in five to 10 years.
Developer soars with ‘special needs’ housing niche
Gary Hobbs and his wife, Lori, have built BWI LLC into a fast-growing developer of affordable housing with 48 employees and more than $10 million in annual revenue.
Long-standing downtown bakery sign has sleek new look
The nostalgic billboard atop the former Roselyn Bakery building at Washington and Pennsylvania streets now sports a more modern design courtesy of Pie Five Pizza Co.
Former downtown eyesore attracting tenants following major rehab
A 32-unit apartment project on Capitol Avenue, formerly known as the Di Rimini, is leasing up as new ownership finishes fixing all the flaws.
U.S. pending home sales climb to nine-year high
More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level since 2006. Signed contracts, however, were down in the Midwest.
Downtown’s Landmark Center sells for $23 million
New Jersey-based Fairbridge Properties bought the 12-story downtown office building from Ambrose Property Group, which purchased it out of receivership and invested $8 million in renovations.
Renderings updated for spiffy Marott Center addition on Mass Ave
Gershman Partners should start construction in the next few months on a four-story addition to the Marott Center at the foot of Mass Ave.
Finish Line off to strong start in latest fiscal year
The Indianapolis-based retailer of athletic apparel posted earnings that exceeded analyst expectations, as profit and revenue both grew in the quarter ended May 30.