City wins in digital billboard bout
A Superior Court judge has sided with the Metropolitan Development Commission in a dispute over digital billboards. Outdoor advertising giant Lamar had sought a summary…
Real Estate
Articles
Former jail up for sale
The owner of a former Community Corrections jail facility at the southwest corner of Delaware and Maryland streets has put the building up for sale,…
Barley Island taking SI space
Noblesville’s Barley Island Brewing Co. is planning to open a second restaurant and brewhouse in the former home of Scholar’s Inn Bakehouse at the corner of…
Indianapolis hotels feel pain of national slump
Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think
the city is in a good position to bounce back when the economy improves.
Ambrosia to open downtown restaurant in former BadaBoomz site
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a location downtown on the first floor of the Hampton Inn along Maryland Street.
Redevelopment eyed for former jail building
Prospective buyers need a little vision to see the potential in the four-story former jail at the southwest corner of Maryland
and Delaware streets.
Ambrosia plans downtown location
The owner of the popular Broad Ripple Italian restaurant Ambrosia plans to open a new location downtown on the first floor of the Hampton Inn along Maryland Street. The…
Privatize parking meters?
City officials are considering several proposals to modernize and even privatize the city's roughly 4,000 parking
meters to squeeze out more revenue.
Two Indianapolis restaurants close
Sister eateries Café Nora and Ruth’s Keystone Cafe have closed, owner Jim Nethercott said.
Weigh in on the new Wishard
Check out this early rendering of a proposed replacement for Wishard Hospital. The $754-million project calls for 11 stories and about 1.2 million square feet of space. It would be built just west of the current hospital, next to the…
Lauth’s lawyers raking in big fees in bankruptcy reorganization
Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.
HHGregg predicts profit, offers 3M shares
HHGregg Inc. said this morning it projects fiscal first-quarter profit to beat analyst expectations despite shrinking revenue
and a sharp decline in same-store sales.
Smith & Hawken going out of business
Upscale garden retailer Smith & Hawken will close all of its stores by the end of the year, including its Indianapolis
location on River Crossing Boulevard near the Fashion Mall.
Cafe Nora, Ruth’s Cafe close
Owner Jim Nethercott said he had to shut down Saturday because of falling traffic and other financial troubles.
His…
The housing bust has come to this
For a peek into just how hard the housing bust has hit the Indianapolis area, look no further than a new
study by the Indiana Business Research Center, an arm of Indiana Universityâ??s Kelley School of Business.
The region,…
Privatize parking meters?
City officials are considering several proposals to modernize and even privatize the city’s roughly 4,000
parking meters to squeeze out more revenue.
Wine bar planned for Conrad
Plans are in the works for a wine bar called Tastings that would take the first-floor corner space at the Conrad Indianapolis and…
New restaurants planning to open this month
New restaurants include Iozzo’s Garden of Italy, slated to open July 17 at 946 S. Meridian St.,
in the former home of Leland’s and Cafe@Ray. The owner’s grandfather in the 1940s owned an
800-seat restaurant of the same name where the Hyatt Regency now stands.
Kite Realty misses out on REIT revival
Kite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
Greater Indianapolis YMCA has $30M in projects planned
It takes a map of the entire metro area to show all the projects the YMCA of Greater Indianapolis has on its drawing board.
The $30 million plan calls for building two brand-new facilities, one in Avon and one in Pike Township; expanding
the Fishers YMCA; and building a new outdoor pool in Lawrence.