City reopens Illinois Street to vehicles following pandemic-related closure
The other street closures—to Massachusetts Avenue, Broad Ripple Avenue and Georgia Street—will remain in effect through July 4, the city said.
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Simon Property calls off $3.6B deal to acquire rival Taubman Centers
Simon shares fell nearly 6% in early trading Wednesday, to $81.71 each. Taubman shares plummeted nearly 30% after the announcement, to $31.94 each.
As many as 25,000 U.S. stores may close in 2020, mostly in malls
The number would shatter the record set in 2019, when more than 9,800 stores closed their doors for good, according to a report from retail and tech data firm Coresight Research.
The great diamond glut: Miners stuck with gems worth billions
The pandemic has devastated the diamond world. Jewelry stores closed their doors, India’s cutting and polishing artisans were forced to stay home and De Beers had to cancel its March sale because buyers couldn’t travel to view the merchandise.
IBJ Podcast: Should the city help pay for damage done to businesses downtown?
Host Mason King talks with Stadium Village Business Association President Erica Wells and Mayor Joe Hogsett’s chief of staff, Thomas Cook, about how the city can help downtown and downtown businesses rebuild after the one-two punch of coronavirus and riots.
Design: It might be time to upgrade that temporary home office setup
Realizing this is not as “temporary” a situation as you thought, you might be ready to trade in your metal folding chair for an ergonomic model or treat yourself to a set of new candy-colored Sharpies. Maybe your employer is even offering a stipend for workers in need of home office improvements.
Pandemic fuels sales surge for bike shops
Bike shops are benefiting as the public thirsts for something that will roll away the lockdown monotony and provide a little exercise.
Memory Bank: Selling bikes downtown in 1896
H.T. Hearsey Bicycles store was on Pennsylvania Street, between New York and Ohio streets, when this photo was taken in 1896.
Erica Wells: We need proactive leadership, rather than reactive decisions
Decisions are impossible to make when leadership fails to listen to the community; fails to communicate a comprehensive plan; and falls into a reactive, not proactive, stance on protecting our community.
With boards covering windows, downtown businesses embrace artwork
Several business owners in the city’s central business district and others along Massachusetts Avenue have enlisted staff members and local artists to paint murals and messages on the plywood covering the facades of riot-damaged buildings.
Simon Property Group sues Gap Inc. over $65.9M in unpaid rent
Gap Inc. has more than 390 stores at Indianapolis-based Simon’s malls, including its namesake brand, Old Navy and Banana Republic.
Tuesday Morning to close two of three Indianapolis stores
The Dallas-based discount retail chain filed for Chapter 11 bankruptcy protection May 27, citing financial strains caused by COVID-19-related store closures.
Downtown’s Sugarfire restaurant sues landlord in rent dispute
St. Louis-based Sugarfire Smoke House has closed its downtown Indianapolis restaurant following ongoing issues with the building’s landlord.
Carmel-based software firm planning to invest $2.6M in Westfield HQ, hire up to 65
Employee-owned SEP, one of the largest software development firms in the Indianapolis area, says it’s building a “forever home” that will more than double its current footprint.
Businesses on south side of downtown ask city for financial help in rebuilding
The Stadium Village Business Association, which represents more than 200 businesses south of downtown, decried the property damage caused by weekend riots and a “lack of leadership” from city officials.
Shopping center planned for vacant 16th Street lot near downtown
The lot in the Herron-Morton Place Historic District was slated several years ago for a new gas station, drawing fierce opposition from nearby residents.
Indoor dining resumes for Marion County restaurants, but owners see tough road ahead
On Monday, Marion County entered Phase 3 of its COVID-19 reopening plan, which among other relaxed restrictions included allowing restaurants to serve patrons indoors, up to 50% of their dining-room capacity.
Dozens of downtown stores boarded up; workers begin cleaning graffiti from weekend protests
On what would likely be a day of people returning to work, downtown streets were eerily quiet, aside from a few dozen people milling around, taking pictures of the boarded-up stores.
Three downtown shop owners say they are not giving up
The owners of Centos Shoes, Red’s Classic Barber Shop and J. Benzal Menswear talked to IBJ about the damage their companies suffered after a violent weekend downtown and how they plan to move forward.
‘We pride ourselves on a unique brand of diversity’
The shop, which opened in 2007, has been closed since March because of the pandemic. It aims to reopen Tuesday.