Kahn’s taking former O’Malia store
Kahn’s Fine Wine & Spirits plans to open a second location in a former O’Malia Food Market at the northeast corner of 86th
Street and Township Line Road.
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Jack eyes 16th & Meridian
Burger chain Jack in the Box is working on plans to open its first Indiana restaurant along Meridian Street just south of 16th Street. The chain has worked up preliminary plans to build on about an acre south of the new CVS pharmacy, brokers said.
Affordable housing developers struggle as key funding source disappears
Affordable
housing developers nationwide are facing a drastically weaker market for tax credits.
Handmade chocolates shop opens location in Chase Tower
Best Chocolate in Town is expanding beyond its original store on Massachusetts Ave.
Site visit lifts county’s hopes for landing Harley
Harley-Davidson Inc. officials were in Shelby County yesterday assessing it as a location for a new motorcycle plant, but
it isn’t yet clear how the county stacks up to other U.S. locales that also are in the running for the economic-development
prize.
Biglari consolidates power, as Steak n Shake rebounds
The Texas investor running the chain doesn’t seem like such a champion of transparency these days.
More chocolate, fewer newsstands
Sweets retailer Best Chocolate in Town has opened a second location in Chase Tower. Owner Elizabeth Garber has developed quite a following for her shop at 880 Massachusetts Ave. and now is offering a full selection of hand-made chocolates on the 2nd floor of Chase Tower with Bistro 111.
Plans emerge for old Winona
A few weeks back, IBJ reported on early proposals for the vacant former Winona Memorial Hospital. The five-story property
is saddled with about $2 million in unpaid taxes and soon will become public property. So far, two groups have stepped up
with ideas…
Two more bars go smoke-free
Gregs and the Talbott Street Nightclub, two prominent bars that cater to gay and lesbian crowds, went smoke-free Aug. 1.
Northwest-side theater closes after 25 years of operation
Locally based Sandor Development Co. is looking for a new tenant for the old AMC Loews College Park 14 movie theater, after
the screens went dark for good in July after a 25-year run at West 86th Street and Michigan Road.
Glut of downtown office space grows
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
JOSEPH: Don’t repeat Marsh’s mistake
Marsh Supermarkets quickly realized it could not honor the flood of redemptions of the $10 coupon it recently offered to its
Facebook friends.
Tenants trickling in to Purdue’s technology center
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when
Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8
million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
Loan defaults could cost David Marsh his Geist home
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could
lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
Lauth Group’s collapse offers a lesson in hubris
Since key Lauth Group subsidiaries landed in bankruptcy in May, the company has described its misfortune almost as if it
were an act of God.
Noble Roman’s profit up, revenue down
Noble Roman’s Inc. late yesterday reported a larger profit in the second quarter, primarily due to its continuing efforts
to cut expenses by replacing company-owned restaurants with franchises.
Steak n Shake posts profit, rise in customer traffic
Steak n Shake Co. late yesterday reported strong profit and big increases in customer traffic and same-store sales for its
fiscal third quarter, which ended July 1.
Deal to save winged canopy
A compromise between an historic preservation group and a local business owner will save an iconic “bat-wing” canopy outside a downtown gas station.
College Park theater closes
The AMC Loews College Park 14 movie theater has closed after a 25-year run at West 86th Street and Michigan Road. The outdated theater in the Walmart-anchored complex couldn’t compete with Showplace 12 at Traders Point, which opened a few years ago
Finish Line execs sell shares en masse in recent months
Top executives at The Finish Line Inc. cashed in stock worth more than $10 million in recent months. They sold many of
the shares in July as the locally based athletic retailer saw its stock rise to a high for 2009 of about $9.