New owners plan Hamaker update
The new owners of the Hamaker Building at 49th and Pennsylvania streets are planning to spend more than $500,000 to repair the facade, add new landscaping and give the 1920s building new…
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Around town retail roundup
A new restaurant called Stanley’s New York Deli plans to open Feb. 28 at the corner of 86th Street and Ditch Road. Owner Greg Abes named the 3,800-square-foot deli for his father…
Fight brews over liquor distribution in Indiana
A Florida firm is suing to overturn Indiana’s resident-ownership law regarding liquor.
Purdue researchers tweak CT scanners to help lumber industry find knots, cracks, decay in trees
CT scanners have been used for decades to peer inside humans. Now a Purdue University researcher is training the technology on hardwood trees to help lumber mills get the most value from logs.
Mall giant says it’s in good shape, but takes steps to conserve cash
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
HHGregg vying to win customers of Circuit City
Company officials think HHGregg is well-positioned to fill the void that Circuit City Stores Inc. will leave when its stores are closed.
Fall Creek Place plans retail and restaurant
The not-for-profit King Park Area Development Corp. is working on plans for a retail development at the vacant northeast corner of 22nd and Delaware streets.
Ice cream chain eyes Indy in nationwide expansion
The Baskin-Robbins ice cream chain hopes to add more than 50 franchise locations in the Indianapolis area.
Conservancy plans take shape
The Nature Conservancy is finalizing plans for its new $4.4-million headquarters at 620 E. Ohio St. downtown. The not-for-profit group is planning a two-story, 20,000-square-foot…
A new anchor for Fall Creek Place?
Check out this rendering of plans for the vacant northeast corner of 22nd and Delaware streets. The two-story project would be built to…
Airport hotel in limbo
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
Lyon takes Finish Line helm as shoppers cut spending
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
Police museum planned
The not-for-profit Indianapolis Historical and Educational Foundation is planning a police museum in the first floor of an old warehouse along Pennsylvania Street across from Conseco Fieldhouse.
Trendy Mass Ave loses one trendy shop, adds another
One locally owned retailer aiming for a New York City vibe was set to close and another has opened along Massachusetts Avenue
downtown.
Trendy retail shakeup on Mass Ave
One locally owned retailer aiming for a New York City vibe is closing and another is opening along Mass Ave downtown. The boutique shop Tantrum, which opened…
Renewal planned for towers
Developers are working on plans to build new residential or commercial space adjacent to two public-housing towers near Mass Ave downtown. The Indianapolis Housing Agency…
Housing market may have hit bottom
Here’s something that passes as good news for central Indiana’s moribund housing market: Prices might hold steady this year,
after falling nearly 7 percent from their 2006 peak.
Group plans police museum
Turns out the window message in an old warehouse across from Conseco Fieldhouse is teasing a proposed police museum. The interactive museum, dubbed Cop City,…
Time to change the banners!
Just an observation: If visitors are relying on the promotional banners on downtown’s light poles, they’re probably pretty confused by now. Many of the banners are for the Lion King, which had its last Murat Theatre performance on Dec. 28.
Red Mango headed to Ripple
A hip frozen yogurt chain with a foothold in California and New York is getting ready to stake a claim in Broad Ripple. Red Mango has filed…