Roundup: Daredevil opens in Speedway; Penn & Palate downtown
The Daredevil microbrewery provides a lift to the town of Speedway’s revitalization efforts, while Penn & Palate continues the renaissance of East 16th Street.
Real Estate
Articles
Land near hot Fishers interchange set for sale after default
A couple of months after the sheriff's sale of the Fishers Banquet and Conference Center, an adjacent property with the same owners also is headed to auction.
Push for privacy standards for facial recognition falters
Retailers have the ability to scan your face digitally, and use that identification to offer you special prices or even recognize you as a prior shoplifter. But should they use it? Should they get your permission first?
Circle Centre reports mixed bag of operating results
Non-anchor retail occupancy for the mall declined from 90.5 percent in 2013 to 89.5 percent last year, while profit and revenue climbed, Simon Property Group Inc. said in an annual operating report to the city.
Irvington officials seeking developer for high-profile parcel
They hope to attract a developer to construct a three-story building with a mix of retail and apartments on the lot along East Washington Street where a historic building once stood.
Gap to shut down 175 stores in turnaround bid
About 175 underperforming Gap stores will close in North America as part of a comeback plan for the business, which has posted sales declines for five straight quarters and lagged behind its sister chain Old Navy.
Hudson’s Bay moves closer to IPO after $2.6B acquisition
The purchase of Metro AG’s Galeria Kaufhof stores is Hudson’s Bay’s first under its joint venture with Simon Property Group, marking a new era of real-estate fueled growth as retailers try to squeeze more value from their property.
Target selling pharmacy, clinic businesses to CVS Health
Target Corp. has agreed to sell its pharmacy and clinic businesses to the drugstore chain CVS Health Corp. for about $1.9 billion in a deal that combines the resources of two retailers seeking to polish their health care reputations.
Monroe County to get first covered bridge in four decades
Indianapolis-based VS Engineering was chosen to repair and rebuild the Cedar Ford Covered Bridge that once spanned the Little Blue River north of Shelbyville.
Opponents of proposed reservoir vow to fight commission
Opponents of a proposed $450 million central Indiana reservoir are vowing to continue their efforts to stop the creation of a commission that would handle planning for the proposed Mounds Lake Reservoir, a 2,100-acre lake stretching seven miles through Madison and Delaware counties.
Developer scales back Ed Martin-anchored Noblesville project
The Noblesville City Council approved a rezoning request for the Toyota dealership aspect of the project Tuesday, but development deals for a new road, housing, a transit station and drainage improvements were dropped.
Pence financial adviser leaving for nursing home post
Indiana Office of Management and Budget Director Chris Atkins will leave June 26 to become senior vice president of Mainstreet, a Carmel-based nursing home development company.
Brownsburg is latest community aiming to make downtown a destination
Town officials hope plans for a roughly five-story, $70 million mixed-use project will spur additional development and help transform the nondescript downtown into a cluster of retail and residential character.
Arts group Big Car to remake area near its new home
The arts-focused Big Car Collaborative, birthed in Fountain Square in 2004 and most recently headquartered at Lafayette Square Mall, has found a permanent place to park on Indianapolis’ south side.
Carmel’s burgeoning downtown puts pressure on neighbors
The two blocks on the western edge of Carmel’s Arts & Design District are residential, at least for now, but that’s expected to change as the population grows by 1,500 every year and the city continues its quest to create a walkable community.
Governor sees merit to central Indiana reservoir proposal
Gov. Mike Pence said the proposed $450 million project could help the state's long-term water needs and provide a fresh way of attracting investment and people to the Anderson area.
Local homebuilding activity slides for second straight month
Builders filed 497 single-family permits in the nine-county metropolitan area in May, a 6-percent decrease from May 2014. Permits have fallen on a year-over-year basis for two straight months and in three of the last four.
Sanctuary Brewing setting up shop on South College Avenue
David Worthington, who in 2013 launched Brewery Tours of Indianapolis, now is tapping into the burgeoning craft beer scene with Sanctuary Brewing Co. It should open by Labor Day.
Shipping container could serve as Mass Ave art gallery
The Riley Area Development Corp. has proposed placing the container near Davlan Park at the northeast corner of Massachusetts Avenue and Alabama Street to compensate for the loss of galleries in the district.
Council declines to rehear Cumberland church proposal
The City-County Council's rejection on Monday paves the way for Giant Eagle to demolish the historic church and build a gas station on the property, unless the town of Cumberland can find another way to stop it.