Simon plan spells out Nordstrom strategy
As many as four large restaurants could open in the first floor of the former Nordstrom at Circle Centre mall under a plan floated by mall manager Simon Property Group Inc.
Real Estate
Articles
Big projects sought for chemical depot site
The group overseeing redevelopment of a former Army chemical weapons depot in western Indiana is targeting major projects for the 11-square-mile property.
Program lets Hoosier volunteers get mortgage help
Indiana has $221 million to give to unemployed people who are struggling to cover their mortgage payments. Recipients have to take part in job-training, go back to school, or agree to volunteer through HoosierCorps.
Buffalo Wild Wings franchisee sells 16 area restaurants
The Indianapolis-based Franchisee Group sold the area restaurants to Consolidated Wings Investment LLC in Greenwich, Conn., led by the former president of the Papa John’s pizza chain.
City receives 9 bids for Winona demolition
Indianapolis-based Denney Excavating, which oversaw the implosion of Keystone Towers last month, has submitted the low bid to raze the former Winona Hospital. The city is set to award a contract on Thursday.
Multi-family housing project slated for Monon Trail
King Park Area Development Corp. is partnering with an Indianapolis developer on an $8.7 million residential project to improve a blighted parcel along the trail.
Dillinger relative considers moving gangster’s home
A great nephew says he's talking with people in Greencastle and two out-of-state locations about sites for his collection of Dillinger items and possibly the farmhouse that is now in Dillinger’s hometown of Mooresville.
Industrial-market sales this year end deal drought
Through the first eight months of this year, there were at least seven sales of large industrial properties in the market, compared with zero last year.
Restaurant roundup: BRU, Tin Roof, Lorenzo’s & more
Several exciting new restaurants are planned for Indianapolis, including a live-music bar downtown, a late-night cookie spot in Broad Ripple and a new name and owner for Ambrosia Centro.
Downtown Hyatt upgrades hotel rooms
The renovation, which will be finished in January, includes all 499 guest rooms and suites and the hotel’s corridors.
New tenant commits to take former Jillian’s space downtown
Tilted Kilt, a chain of Celtic sports pubs known for its scantily clad, kilt-wearing waitresses, will take over the spot at the northeast corner of Meridian and Georgia streets.
Judge in Ponzi case deals blow to Hoosier developer
A federal bankruptcy judge in Florida has rejected a settlement that would have extricated former Indianapolis developer Sydney “Jack” Williams from tens of millions of dollars in claims for a mere $334,000.
Classes emphasize connection between artists, entrepreneurs
Universities and other not-for-profits are ramping up business training for artists and art students—in the form of workshops, classes and counseling—in hopes of making “starving artists” a thing of the past.
Owner finding new tenants for former Macy’s
High-end custom homebuilder Moussa Khoury and a partner bought the former Macy’s store at Washington Square Mall in 2009 for about $775,000. They paid cash since commercial lending had vanished. Two years later, the investment has begun paying off.
Pan Am Plaza damage subject of court battles
The owner of Pan Am Plaza’s parking garage, which the city partially closed on Wednesday over safety concerns, has fought legal battles over the damage with Indiana Sports Corp. and Central Parking System.
Mortgage-default filings surge in Indiana, nation
Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
Texas firm buys water-park hotel on northwest side
General Hotels Corp. has finalized the sale of the Caribbean Cove Hotel & Water Park, averting closure of the 344-room hotel and saving 266 jobs.
Area home-construction permits rise in August
Home-construction permits in the Indianapolis metropolitan area climbed 23 percent in August thanks to a surge of activity in suburban counties.
City closes downtown plaza after parking deemed unsafe
The city of Indianapolis has closed Pan Am Plaza and part of a parking garage below it near the Indiana Convention Center and Lucas Oil Stadium because the structural integrity of the parking facility poses a safety risk.
INSIDE DISH: Willard builds on family-dining plan
Franklin's neighborhood brew-and-pub-food palace—with roots in the community reaching back to 1860—has boosted sales through a shift in strategy following a city smoking ban.