Mass Ave on the road back with Bottleworks as anchor
There are about 115 retailers and restaurants along the street, plus dozens of service-oriented businesses and office users.
Real Estate
Articles
Westin hotel downtown spiffing up with eight-figure renovation
The overhaul follows the hotel’s acquisition by an Atlanta-based firm for $118.3 million in August 2019.
Bargain outlet opening in former Keystone Marsh store
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
Benjamin Harrison Presidential Site plans $6M in updates for grounds, interior, programming
Plans for the two-acre site, where the 23rd president lived before and after his time at the White House, include the addition of a new commons area and portico with a drop-off site for buses, as well as a promenade and a pathway connecting Pennsylvania and Delaware streets.
Family-owned Turkish, Mediterranean eatery identifies Indy as best place to grow
The family behind Usta Turkish and Mediterranean Restaurant, slated to open in Broad Ripple by the end of the month, scouted several options for moving once it was forced to close its location in Bloomington, Illinois.
Steak n Shake’s lenders say restaurant chain still owes millions
The Indianapolis-based company has declared itself debt-free, but the lenders say they’re owed more than $8.5 million.
Hybrid workers mean more ‘hoteling’ in offices
Given the revolution in staffing, it’s safe to say office redesigns will deal with two new normals—accommodating fewer full-time workers and making workspaces more resistant to the spread of disease.
Q&A with Cahmelan Porter of Cargo Streetwear Boutique: ‘We sell culture’
Cargo traditionally operates out of a shipping container that it is moving to Fountain Square, but for now, it’s in a pop-up shop in the former Pearings Cafe in downtown Indianapolis. IBJ talked with Porter—who owns the clothing brand Komäfi—about how business is going.
Pier 48 soldiers on as restaurant’s owners brawl in court
The latest salvo was fired by Keith Stucker, an Indianapolis investment adviser who started Pier 48 with Fred Knipscheer, a former hockey player who entered the restaurant business more than a decade ago.
Coworking spaces prepping to capture firms, workers leaving traditional offices
Accommodating new members whose wants and needs have been changed by the pandemic means those co-working spaces must adjust their offerings.
Kentucky brewpub operator taking over downtown Ram Restaurant space
A small-but-growing brewpub chain based in Louisville plans to take over the former Ram Restaurant & Brewery location in downtown Indianapolis, making its first foray outside Kentucky.
Naptown Fitness team plans to buy, renovate classic 1930s building in Midtown
The smooth limestone building at 3902 N. Illinois St. with streamlined Moderne design touches has been vacant since a brewpub closed there in 2018. Before that, it was a Double 8 Foods store and the Hoster-Hiser Ford and Lincoln-Zephyr car dealership.
Residential Real Estate: Marketplace stats for March 26, 2021
The number of active listings and sales has dropped over the past three months, as expected for the season. But even compared to one year ago—before the pandemic hit—the market is tight.
Tax credits in hand, INHP focuses on affordable single-family homes
The organization has for decades helped families secure mortgages and generally works with neighborhood development groups on a litany of development projects. It has been focused of late on transit-oriented multifamily developments near IndyGo’s Red Line. But single-family units are a newer focus.
Gambling bill could help bars recover
Senate Bill 245 would double the prize limits for certain pull-tab games and allow the 1,242 bars and taverns with Type II gaming licenses to offer sports-themed pull-tab games and tip boards.
Kegs have been out, canned beer in, during pandemic
When the pandemic dried up the demand for beer at customer-limited bars and restaurants, local brewers had to shift focus to sales at grocery stores, pharmacies and packaged liquor stores.
Herron-Morton Place eatery Tinker Street plans reopening
Owner Tom Main said he’s shooting for an April reopening for Tinker Street, a fine-dining restaurant that’s been closed for dine-in service for more than a year and was on the selling block in late 2020.
Donatello’s Italian Restaurant in Carmel calling it quits after 10 years
Patrick and Beth Aasen, who founded the restaurant at 9 W. Main St. in late 2010 with their son, Carmel City Council member Adam Aasen, said they plan to retire after 40 years in the restaurant business.
Historic fire station donated to Indianapolis police for substation
A 125-year-old landmark firehouse on East Washington Street that previously housed a photography business and a reception center for Angie’s List has been donated to the Indianapolis Metropolitan Police Department.
In Nora standoff, Crew Carwash battling Steak n Shake over corner property
Crew recently bought the property that contains the steakburger chain’s location on East 86th Street with plans to build a new carwash. But it contends in a lawsuit that Steak n Shake has refused to leave.