What We’re Loving: Puzzles from Silver in the City
Looking for pandemic-friendly gifts that aren’t dependent on the mail? Try puzzles, which come in all styles, shapes, sizes and complexity.
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Ross, Five Below planning to open stores at Glendale
Two growing national retail brands have filed permits with the state for construction on spaces at the shopping center at North Keystone Avenue and 62nd Street.
Retail sales experience biggest drop in seven months
Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy.
Market Tower owner sues CVS over lease dispute at downtown store
The owner of the Market Tower office building at 10 W. Market St. in downtown Indianapolis is suing CVS, alleging the retailer improperly terminated its lease and stopped paying rent after the store was damaged during downtown rioting this spring.
Simon Property reversing pandemic-related executive pay cuts
Indianapolis-based shopping mall giant Simon Property Group will reinstate the pay of executives and board members who had been working under pandemic-related pay cuts since spring, the company announced Monday.
Environmental work almost completed on former stamping plant property
Officials said remediation efforts are in their final stages, with final certification expected in the next few weeks. Elanco Animal Health Inc. plans to build a $100 million headquarters on the site.
Carmel announces temporary agreement allowing The GOAT to resume evening hours
The agreement sets restrictions on noise and capacity, based in part on the number of toilets that are available at the tavern.
Warehouses luring more cash than offices in pandemic-fueled flip
Investors have poured money into industrial properties in 2020, spending more on U.S. warehouses than office buildings for the first time as social-distancing pushes even more consumers to e-commerce.
Local chocolatier to open retail space, tasting room
SoChatti is adding the storefront to its production, research and warehouse facility in the Circle City Industrial Complex on the city’s near east side. Also this week: J’s Lobster & Fish Market, The Spice Box.
What We’re Loving: A wooden advent house
This wooden advent house caught our eye as soon as we walked into Gathered-Roots Boutique on Main Street in Fortville.
16 Tech innovation district picks design team for $14.5M bridge
The design team announced Wednesday will be led by Stuttgart, Germany-based engineering firm Schlaich Bergermann Partner, or SBP, in collaboration with New York City-based Practice for Architecture and Urbanism, or PAU, and seven other firms.
Clothing retailer Express leaving Circle Centre after 25-year run
The struggling national fashion retailer—an original tenant in the downtown mall—has four other stores in the Indianapolis area.
INDOT awards $101M in local road funding grants
The funding is part of the Community Crossings grant program, which provides matching state dollars for local road and bridge construction projects. Interstate or state highway projects are not eligible for funding.
Major downtown office users reevaluating space needs, but pandemic’s impact still hard to gauge
Big tenants such as Rolls-Royce and Salesforce say they’re reevaluating their space needs as most of their local employees work remotely. Real estate experts say they’re unlikely to make decisions until after the pandemic subsides.
Restaurant closings top 110,000 with industry in ‘free fall’
The nationwide tally—representing one in six U.S. eateries—is among the findings of a survey released Monday by the National Restaurant Association.
Current, former owners of Moe & Johnny’s embroiled in dueling lawsuits
The longtime Meridian-Kessler sports bar and restaurant that announced last month it was closing “until further notice” is at the center of an ongoing legal dispute between the original owner and the new owner, who now wants out of the deal to buy the business.
Carmel may use waterways to land more liquor permits
Carmel is the latest Indiana community seeking to use its waterways as a means to offer businesses cheap and plentiful liquor licenses.
Despite foreclosure, experts see bright future for The Shops at Perry Crossing
The shopping center—the 10th-largest in the Indianapolis area, at 600,200 square feet—was repossessed by its lender in October, after Memphis-based owner Poag Shopping Centers LLC defaulted on a $29.9 million loan balance in June. It’s the second foreclosure for the property, which used to be called Metropolis.
Black Friday, Cyber Monday sales disappoint amid uncertain economic recovery
Fewer Americans shopped during Black Friday weekend, and those who did spent less than they did a year ago. It’s the latest example of how the pandemic has upended consumer habits and created new challenges for retailers.
Arbor Homes buys Franklin-based land developer to expand capacity
The Indianapolis area’s most active home builder is bringing one of its frequent collaborators in-house to help develop more lots.