The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
Copper Chase, one of the largest apartment complexes in Greenwood, received nearly 20 offers, including several from companies looking to make their first foray into the Indianapolis multifamily housing market.
Plans to open a West Elm hotel in the Bottleworks District have been scrapped, but the developer says it still intends to include a hotel in the massive redevelopment project on Mass Ave.
Indianapolis-based Steak n Shake Inc. is facing more setbacks in its already-suffering financial situation due to a new legal settlement regarding overtime pay and a downgrade in its credit rating.
The Metropolitan and Economic Development Committee of the City-County Council could not reach a consensus Monday on a recommendation for a long-delayed 11-story downtown project at 421 N. Pennsylvania St.
Median home prices in central Indiana reached an all-time high in June amid tighter inventories and fewer new listings.
The two companies plan to build as many as 20 automated grocery warehouses in the United States to help Cincinnati-based Kroger—which has about 70 stores in central Indiana—turbocharge its e-commerce operation.
An artist known for her association with Taylor Swift and another who has been creating graffiti-inspired art since the 1980s are adding their talents to the $135 million second phase of the downtown mixed-use development.
The corporate owner of many of the remaining Scotty’s Brewhouse restaurants said it had closed all of its operations. The decision leaves less than a handful of independently owned Scotty’s locations.
Ongoing disagreement between the city of Indianapolis and a group of downtown hotel owners has prompted city leaders to officially postpone construction of one of the two convention hotels planned for Pan Am Plaza.
Jennifer Wiese’s gluten- and dairy-free bakery Bee Free makes Warrior Mix, which can be found in 4,000 stores across the country, now including Walmart.
The town has agreed to sell the 15 acres to Kite Harris Property Group for $1 in an economic development agreement approved by the Whitestown Redevelopment Commission on Wednesday night.
Applications for home construction fell 13% in central Indiana in June, marking the seventh straight month of declining permit filings.
The self-storage facility would be part of a larger redevelopment project that would add office and retail buildings to the property.
Evansville-based Azzip Pizza, which has eight restaurants in Indiana and Kentucky, has a site locked up for its first Indianapolis location. The company said it could open several more restaurants in the area in future years.
The south-side institution debuted in 1925 and has remained in the same family for three generations. But its owners don’t have any obvious successors.
Measures of consumer confidence remain historically high and June’s retail sales figures suggest that consumer spending, which drives two-thirds of the economy, remains strong.
More than half of the Square Donuts shops in Indiana—including two locations in Indianapolis and one in Carmel—have closed because of contract issues, the owner of the parent company confirmed Monday.