Family Dollar to close about 370 stores, cut jobs
The discount retailer, which operates nearly 50 stores in Indianapolis, said it will shut down underperforming stores as it tries to reverse sagging sales and earnings.
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Trailer parks lure ex-traders eyeing double-wide returns
Former hedge-fund executives who left Wall Street are finding new ways to milk profits from old trailer parks, including one in Indianapolis.
Roundup: Scotty’s Brewhouse openings, Mo’s returning and more
The locally based chain is opening restaurants to the west and north of Indianapolis, within a week’s time, while Mo’s is returning downtown in a restaurant rebranding.
Kite sells three retail properties for $35.2 million
Indianapolis-based Kite Realty Group Trust, which is in the midst of a major merger, had decided that the three properties scattered across the country were “non-core assets.”
Anderson businessman pays $7.9M for prime farmland
More than 800 acres of prime farmland in Delaware and Madison counties sold during open bidding on Tuesday for $7.9 million.
Approval for $22M sports complex sought in Greenwood
The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela’s.
Revamped hotel key to Muncie revitalization efforts
The 91-year-old Roberts Hotel building has undergone a $17 million renovation that created the 83-unit Lofts at Roberts development. The project was crucial to the city’s ability to attract a new downtown hotel.
Micro-distillery opening in Fletcher Place neighborhood
Led by former U.S. Marine Travis Barnes, Hotel Tango Whiskey at 702 Virginia Ave. will be unusual for a couple of reasons, including its deal for state economic development incentives.
Purchase of Capitol Clutch building continues area’s resurgence
CrossFit NapTown bought the building at 922 N. Capitol Ave. and plans to expand its strength and fitness program in an area of downtown that’s enjoying a rebirth.
Irvington redevelopment to include more than brewery
The Irvington Development Organization has received a $500,000 grant from the city to purchase a property south of Washington Street that it’s targeting for an “eclectic mix” of retail.
Growing demand for apartments pushing up rents
With demand for apartments surging, rents are projected to rise for a fifth straight year. Even a pickup in apartment construction is unlikely to provide much relief anytime soon.
New highways funds aimed at I-65, job creation
The construction planned with the money, as well as an additional $200 million that's being held pending review, could create as many as 9,800 jobs in the state, INDOT estimates.
Great public architecture is worth the price
Public architecture represents a community’s confidence and aspirations. Public buildings are landmarks that welcome and connect us. They celebrate our arrival, become intersections for culture, symbolize our commitment to democracy and justice, and sometimes they heal us.
Broad Ripple building along Monon expanding
Area residents are probably familiar with the building that houses Howald Heating Air Conditioning and Plumbing. But they may not know the CrossFit business in the rear will be expanding, with potential for restaurant space.
Drivers brace for U.S. 31 closure near Indianapolis
Residents and businesses in the northern suburbs of Indianapolis are preparing for the start of an eight-month closure of U.S. 31 as part of the project upgrading it to interstate standards.
CarDon trying to adjust nursing homes to hospitals, insurers, patients
Family-run company is building nursing homes it thinks will be more attractive to residents and staff.
Roundup: New crepe place, bakery and brew pub
A French couple has purchased space on Mass Ave and plans to open their eatery within the next three months. Plus, more new places downtown.
Software firm renovating warehouse south of Broad Ripple
TCC Software Solutions is spending $1.8 million to rehab the vacant building at 1022 E. 52nd St. and hopes to move in by the end of July.
Former HHGregg COO hired to lead bicycle retailer
BikeStreet announced Monday that it has hired Gregg W. Throgmartin as its CEO, the same day as his departure from HHGregg became official.
State to widen Interstate 65 south of Southport
Greenwood-area commuters should have more breathing room on Interstate 65 after a highway-widening project planned by the Indiana Department of Transportation.