Developer planning 37 single-family homes on near-north side
Indianapolis-based BWI LLC plans to spend $10 million to create the one- and two-story homes, which low- to moderate-income residents could rent to own.
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Patachou cooking up burger-and-fries concept while ramping up carryout for existing eateries
Apocalypse Burger—a name that came to Patachou founder Martha Hoover during a recent Sunday night Zoom call with family—would be based in the former location of the chain’s Crispy Bird eatery.
IBJ Podcast: What will restaurants, offices look like after economy reopens?
There’s precious little consensus about the necessary precautions, although most decision-makers agree that we won’t get back to “normal” until there’s a vaccine.
Restaurants will be anything but cozy when diners return
Restaurateurs say protective measures and uncertainty about the lingering pandemic might chill the influx in revenue the industry is hoping for once restaurants are allowed to resume dine-in service.
Office-seekers hit pause after COVID-19 saps economy, spurs rethinking about space
Many employees have traded in-person meetings and conversations for emails and videoconferencing—something many experts say likely will continue long after social distancing requirements are relaxed.
Macy’s aims to use real estate to free up cash
The department store chain would issue new bonds backed by certain property and other assets to bolster its liquidity.
North-siders thwart plans for 86th Street project with court victory over city
A judge has ruled in favor of residents of the Driftwood Hills neighborhood, who claimed the City-County Council overreached in approving zoning for the office, retail and restaurant project near Keystone at the Crossing.
Chipotle agrees to record $25 million fine over tainted food
The company admitted that poor safety practices, such as not keeping food at proper temperatures to prevent pathogen growth, sickened more than 1,100 customers nationally from 2015 to 2018.
Indiana restaurants anticipate nearly $1B in sales declines for April
About 91% of Indiana restaurant operators said they have had to either furlough or lay off workers since the COVID-19 outbreak began, with at least 15% anticipating they’ll have to take additional action in the next 30 days.
Developers plan $13M apartment project on Teamsters local site in Fountain Square
Creating the 66-unit apartment project would entail demolishing the two-story, 30,000-square-foot Teamsters building at 1233 Shelby St.
Kite Realty Group to launch small-tenant COVID-19 loan program
The loan program, geared toward Kite tenants that operate fewer than five retail locations, will accept applications beginning Friday. Industry experts say many mall tenants weren’t able to pay April rent.
IBJ Podcast: How buying and selling homes has changed in the COVID era
Homes are still selling in central Indiana, even as public officials ask us to severely limit personal contact and any non-essential travel outside the home. How? Agents, buyers and sellers quickly adapted to the new state of affairs.
Head of grocery group talks virus impact, shopping habits
Geoff Freeman, the CEO of the Consumer Brands Association, discusses a range of issues including the current status of supplies, protections for workers and customers’ shift away from organic food to packaged items like mac and cheese.
Gamers may have a cure for distressed American shopping malls
With store vacancies at an eight-year high, retail landlords see the potential of gamers someday pouring out of their basements and into their shopping meccas as a kind of lifeline.
Memory Bank: Busy Clerk’s Office in old courthouse
This photo of the Marion County Clerk’s Office in the old courthouse was taken Oct. 21, 1954.
Real estate agents, home sellers, buyers adjust to social-distancing norms
Local brokers have made big changes in the way they sell houses in an effort to protect buyers and sellers during the coronavirus outbreak. It’s not clear yet whether or how much the changes will hurt home sales—in the short term or long term.
Area homebuilders saw big rise in applications during first quarter
Interest in buying new homes in central Indiana surged dramatically in the first quarter, before the affects of the COVID-19 pandemic began taking its toll on the economy.
U.S. retail sales saw unprecedented 8.7% plunge in March
Automobile and clothing store sales collapsed during the month, the Commerce Department said Wednesday. Sales at restaurants and bars also plummeted. But grocery store business soared.
Chicago-style pizza chain Lou Malnati’s adding Broad Ripple, Carmel sites
Beloved in the Chicagoland area, the deep-dish chain confirmed to IBJ in March that it planned to enter the central Indiana market with several locations.
Indy-based Knowledge Services acquires Fishers building for new HQ
The company, which provides workforce management services, said it is investing $15.1 million overall to acquire and renovate the 165,000-square-foot building, where it will move 130 employees.