Cold weather means new challenges for struggling restaurants
Restaurants are trying to figure out how to extend the outdoor dining season using space heaters, tents, temporary igloos and even blankets. Heat lamps are already in short supply.
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Walmart looks to airports as inspiration for new store layout
Walmart says it was working on a new store layout a year ago. But the pandemic accelerated those efforts as customers are increasingly focused on contactless shopping amid safety concerns.
Consumer confidence posts better-than-expected monthly gain
Consumer confidence is closely watched for signals about consumer spending, which accounts for 70% of economic activity in the United States.
Downtown church still hoping to redevelop adjacent lot on Mass Ave
Roberts Park United Methodist Church, 401 N. Delaware St., has planned for more than a year to build a five-story building with a day-care facility, parking, health clinic and office space atop the parking lot directly east of the church.
Amazon to kick off holiday shopping with October Prime Day
Even before Amazon’s announcement Monday, major retailers have said they plan to push shoppers to start their holiday shopping in October and offer deals earlier, hoping to avoid crowds in their stores in November and December.
More landlords suing to push back against eviction ban
At least 26 such lawsuits have been filed by property owners this year, claiming that the national eviction moratorium unfairly strains their finances and violates their property rights.
Memory Bank: Taxi drivers pose at Walker building in 1943
Lillian and Frank Goodwin operated Apex Taxi Co. out of offices in Rooms 201 and 202 at the Walker building.
Lunch spot Duos Kitchen closing after eight years in Midtown
In a Facebook post, the owners of the restaurant blamed “the pandemic and our inept government” for the closure.
Dollar General to open urban-concept DGX store in BMO Plaza
Dollar General launched its DGX concept in 2017. It now has 14 locations around the nation, including one that opened this summer on Mass Ave.
Survey: More than 40% of Indiana restaurant operators fear viability
More than four out of 10 restaurant operators in Indiana say it is unlikely they will still be in business six months from now if current business conditions continue, according to survey released Tuesday by the Indiana Restaurant and Lodging Association.
Texas developer plans $325M industrial park in Whiteland
Dallas-based Mohr Capital has already broken ground on the first building in the master-planned Mohr Logistics Park—a 1 million-square-foot distribution center for Cooper Tire—and has several more in the early planning stages.
Developers propose $36M multifamily project near downtown Fishers
Fishers City Council members weren’t immediately convinced by the large number of proposed rental units in the plan and the developers’ request for $6.1 million in tax increment financing, so a majority voted to reconsider the proposal in 30 days.
Retailer Bed Bath & Beyond eliminating both Indianapolis stores
Bed Bath & Beyond Inc. on Tuesday revealed the first 63 closures of the 200 that are planned nationwide over the next two years. The stores on the initial list will close by end of this year.
IBJ Podcast: Pete the Planner urges immediate support for restaurants, plus answers to burning money questions
We all know that restaurants have been devastated by the pandemic. Some have closed, and Pete predicts more are about to. He suggests determining how much you can afford to help and then spending that cash at two or three restaurants that are meaningful to you.
David Simon may not seek spotlight, but he’s in it anyway
The media is fascinated by what he’s up to, as the nation’s largest shopping mall owner teams with partners to buy ailing retail chains while negotiating with Amazon to fill vacant anchor spaces with distribution centers.
Despite pandemic losses, brokers still optimistic about retail’s future
In particular, vacant spaces in higher-population suburbs should have no trouble finding new tenants, brokers say.
Memory Bank: Selling fruit at the corner of Washington and Meridian streets in 1893
The corner of Washington and Meridian streets has, of course, changed substantially over the years. But even in this photo, believed to have been taken in 1893, the intersection was a vibrant commercial corridor.
Handmade leather-goods shop finds its groove
Five-year-old Howl and Hide is preparing to open a second location, a pop-up shop at Clay Terrace in Carmel.
John Robinson: 4 reasons post-pandemic offices may not be that different
Tools like Zoom, WebEx and Google Drive have enabled businesses to stay afloat during the pandemic, but for many, remote work really isn’t sustainable. Unproductive virtual meetings, the desire for interaction and the immense benefits of a traditional office are steadfast.
Cityscape Residential offers Noblesville council additional details on Nexus project
Indianapolis-based Cityscape Residential’s plans to ask the city for an $8 million TIF bond to help support its 287-unit luxury apartment complex. The project is also slated to feature a potential three-story, 30,000-square-foot office building.