Leo’s Market, combining fuel and fresh food, to open fourth Indy-area store
Siblings Stephanie White-Longworth and Keith White opened the first Leo’s Market and Eatery in 2019 at 2212 W. Main St. in Greenfield using proceeds from an earlier venture.
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Speedway considering gap loan for $35M Wilshaw hotel project
The upscale hotel project across from Indianapolis Motor Speedway has gone through numerous delays since being announced in 2015. A new developer took over in late 2021 but has yet to restart construction.
Construction on 400-unit apartment community finally to begin at former Pittman Farms
A five-year legal battle among members of the Pittman family delayed the project. Those disputes were settled two years ago.
To celebrate 30 years, ComedySportz makes fresh start at new venue
After exiting its Mass Ave venue during the pandemic, the company that presents ComedySportz improv shows is set to open a new theater in the former home of a Books & Brews.
Area residential builders get off to slow start in 2023
Filings for single-family building permits in central Indiana have fallen on a year-over-year basis for the past 13 months and in 16 of the past 18 months.
City looking to establish development plan for Indiana Avenue corridor
The Department of Metropolitan Development on Thursday issued a request for expressed interest, or RFEI, which will allow the officials to gauge the appetite developers have to devise an overall plan for the Indiana Avenue neighborhood.
Bills on underused school buildings, cursive writing advance
Meanwhile, Hoosiers have their first new law for the year—and it’s a retroactive business tax deduction in time for tax season.
Computer retailer Micro Center to open first Indianapolis store
The first Micro Center store in Indiana is expected to open in July and employ 50 to 75 staff members. The Ohio-based retailer of computers, computer parts and other electronics presently operates 25 stores in 16 other states.
Sales of existing homes sink 31% in central Indiana
Despite the decline in sales, median prices for homes sold in the 16-county area rose 11% in January on a year-over-year basis, according to the latest monthly data from the MIBOR Realtor Association.
Indy Eleven owner still interested in MLS as part of stadium project
For years, Ersal Ozdemir has pursued a Major League Soccer expansion franchise, but each time the league has rejected his overtures, in part because the team has lacked its own venue,
Eatery launched amid COVID thrives on event business
The keys to the restaurant’s success, said owner Terry Anthony, have been the generous terms from his landlord, the quicker-than-expected return of convention and event business, and his willingness to be flexible as downtown recovers.
Comic shop refocuses to cash in on events, tourists
“My business model completely changed,” said Downtown Comics owner Doug Stephenson of the Market Street store. “If you look at my sales chart, everything moved from Wednesday, which is traditionally the biggest day for comic stores … to the weekends.”
Design firm embraces downtown’s St. Joseph neighborhood
Loree Everette’s biggest concern about downtown has nothing to do with the typical complaints involving homelessness, safety or cleanliness. It’s that living downtown has become so popular it’s unaffordable for too many people.
Tale of two downtowns: $9B set to be invested in projects, even as business district struggles with recovery
Many parts of downtown are thriving—particularly neighborhoods, where rents are rising, people have to stand in line for a lunch table, and investments are flowing. Other parts—especially downtown’s central core, where many workers might come to the office only once or twice a week—are limping along, pockmarked by vacant storefronts, panhandlers and crumbling sidewalks.
Apartment growth supports surge in downtown Indianapolis living
Nearly 29,000 residents now live downtown, up from about 15,000 in 2010. It’s a number that has been growing as developers continue to add apartment and condo units in the Mile Square and downtown neighborhoods.
Downtown’s largest employers bet on hybrid work
Cummins, Rolls-Royce, Eli Lilly and Co., AES and Elevance Health are among the city’s largest downtown employers and all say most of their workers have the option of working at home at least part of the time.
Keystone unveils renderings for $1B Eleven Park; demolition to start in May
The developer plans to put a 20,000-seat soccer stadium for the Indy Eleven right along the White River, which is on the western edge of the former Diamond Chain manufacturing site.
Italian restaurant Vicino to take over former Hedge Row spot
Chris Burton and Gus Vazquez, owners of The Oakmont restaurant and bar, want to open Vicino in the Mass Ave district by mid-April.
Indiana City Brewing Co. announces final business day for tap room
The owner told IBJ he can’t afford to pay increased rent prices at the building where beer first was bottled in 1904. But the landlord said the brewery had been paying below-market rent that needed to be renegotiated.
Developer seeks $10.7M tax break on $79M apartment project
A team of two local developers planning the 273-unit Hall Place apartment project at 1720 N. Illinois St. promises to bring dozens of low-rent apartment units to the neighborhood northeast of the expanded Indiana University Health campus.