TWG Development LLC is in discussions with city zoning and planning officials for the 125-unit project, which would be developed on the east side of the road in the 1800 block of North Meridian Street.
The property is under contract for an undisclosed price from Ford Motor Co., which has owned the land under its own name and an affiliated holding company since at least 2005.
The brewery’s co-founder said increased rent and upcoming road construction factored in the decision to exit the neighborhood known for its nightlife.
Trust Hardware owner Adam Taylor says supply-chain and labor issues made it too tough to operate, so he closed two of his three stores last month. The landlord at his former Binford Shoppes store is suing Taylor for back rent.
After selling the Scotty’s Brewhouse chain in 2016, Wise got back into the restaurant game in 2019 with Roots Burger Bar. But he says he expects the third location, slated for Indianapolis’ northeast side, to be the last.
In addition to two Indianapolis communities, the acquisition involved properties in Bedford, Bloomington, Lebanon, New Albany and Shelbyville.
Grumps will replace Elena Ruz Cuban Cuisine, the sandwich shop that opened with Black Circle as part of the Refinery 46 complex in December 2016 but announced its closing on Saturday.
The project, called FSX—shortened from “Fountain Square Ten”—is planned for a narrow site at 1003 Prospect St., which currently houses two drive-thru ATMs for PNC Bank. The units each will have a two-car garage and rooftop deck.
But the pure randomness of shipping problems and the unpredictability of consumer demand make it difficult to predict exactly what will be in short supply.
Pedcor Companies plans to spend $50 million to develop its City Heights project, which will target individuals and families making up to 60% of the area’s median income.
The recent slump has slowed what had been a torrid pace for the local home-construction industry. Permit filings are still easily on pace to have their biggest year since 2005.
Target is the first major retailer to make such a permanent move during the pandemic, and its decision could push other retailers to follow in its path.
Hoover—known for restaurants including Cafe Patachou, Public Greens and Napolese—tells host Mason King that the industry has historically put too much emphasis on quantity and price at the expense of quality, as well as the people making the food.
Fabio de la Cruz has a plan to transform Lafayette Square Mall and several adjacent properties into a multicultural hub, including a concert center, movie theater, hotel and multifamily housing.
Totaling 331 units, the apartment complexes are located in Meridian-Kessler, Fountain Square and downtown.
Sales of existing homes in central Indiana fell for the third time in four months in October amid skyrocketing prices and tight inventories.
Shoppers can expect the Brown County-based restaurant to open in the Fashion Mall at Keystone in spring 2022.
The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places.
Knowledge Services Inc. acquired the five-story building at 9800 Crosspoint Boulevard—west of I-69 and north of 96th Street—in March 2020 for about $9 million.
Executive Director Kim Gutfreund, who’s led Dance Kaleidoscope since June, and long-running artistic director David Hochoy announced Tuesday a $2 million capital campaign.
