Clark Appliance preparing to liquidate inventory
The liquidation follows last month’s closing of the high-end appliance retailer’s store in Castleton and comes after a failed attempt to reorganize.
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Update: Restaurateur gets go-ahead on Amici’s project
The Indianapolis Historic Preservation Commission signed off on Mike Cunningham’s plans for the downtown restaurant site, which include renovation of the existing building and construction of a new structure.
Westfield’s next big bet: $25M downtown plaza
Westfield city leaders are making downtown a priority in 2015, aiming to start work on an urban park with a festival plaza and outdoor stage.
Lids falters in expansion beyond headgear
Sales for Indianapolis-based Lids Sports Group have been so disappointing that parent Genesco Inc. within the past six months has twice cut its fiscal 2015 full-year earnings, from a high of $5.55 per share to a low of $4.75 per share.
In Biglari’s latest showdown, he’s not the rabble-rouser
Minneapolis-based Groveland Capital LLC has filed notice that it will seek to replace Sardar Biglari and Biglari Holdings Inc.’s other five directors with its own nominees at the company’s annual meeting.
Local developer plans to raze homes for Broad Ripple apartment project
The $5 million, 24-unit project would be built on Winthrop Avenue just west of the Monon Trail, where five rental homes would need to be demolished.
Three Indy-area Wet Seal stores part of mass closings
The Circle Centre and Hamilton Town Center locations of struggling teen clothing retailer Wet Seal are among 338 stores that closed as of Wednesday.
HHGregg expecting drop in year-end sales
The Indianapolis-based appliance, electronics and furniture retailer anticipates a 6-percent decline in sales for its quarter ended Dec. 31, despite strong e-commerce growth.
Not-for-profit on east side eyeing expansion
Outreach Inc. wants to construct a 16,000-square-foot building at the intersection of East New York Street and Keystone Avenue to serve the growing number of homeless teens.
Trailblazing hotelier eyes Indy for new lodging concept
Jack DeBoer, a Kansas-based businessman known as the creator of the extended-stay hotel, is bringing his hotel/apartment hybrid to Indianapolis.
Hotels to offer free Wi-Fi but tighten cancellation policies
The big chains, those mega-hotels that cater to business travelers during the week, are finally following suit of the budget, side-of-the-road properties and offering free Internet.
Butler Auto adding Alfa Romeo, plans new dealership facility
Butler Auto Group plans to move its Indianapolis Fiat and Maserati dealerships to a new facility on 96th Street that also will sell the resurgent Alfa Romeo sports car.
HHGregg snags new exec from New York chain
The appliance and electronics retailer has hired its fourth chief merchandising officer in about three years, snagging a veteran executive who will move on from a much smaller chain.
West Baden church that served blacks taken off endangered list
Indiana Landmarks removed the 1920 frame building from the list because a church organization bought it for $1 and plans to obtain money for restoration.
Transit center construction: A bird’s-eye view
Construction on the new downtown transit hub progressing nicely. Check out the view from atop the City-County Building. And for real-time action, IndyGo is chronicling the construction via webcam.
Simon launches retail startup competition
"Simon Launch" winners will receive cash, support and the opportunity to snag investments from the company's venture capital arm, which is deploying millions of dollars in startups.
Apartment construction shows no sign of slowing
Apartment construction downtown and on the north side continued its rapid pace in 2014 as occupancy remained strong.
Carmel City Center finale heads toward finish line
Pedcor Cos. pulled the trigger on the final phase of construction at the ambitious Carmel City Center redevelopment after city leaders OK’d public funding for a parking garage and other infrastructure.
2014 NEWSMAKER: Zeke Turner
Zeke Turner, CEO of Carmel-based Mainstreet, stepped up expansion after he beat back a legislative push by nursing home companies to place a moratorium on new construction.
Cummins reveals design for new distribution HQ
The building, which will include a 10-story office tower with 15,000 square feet of retail on the first floor and significant public green space, will be built on four acres where Market Square Arena stood.