Developers make $27M in bond requests from Carmel to spur multiple projects
The Carmel City Council on Monday voted to send developer-backed bond requests for four major real estate projects to the city’s Land Use Committee for further review.
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City considers major street closures to expand outdoor dining
Marion County’s reopening plan allows restaurants to open at 50% capacity on Friday—but only if diners eat outside.
Downtown steakhouse joins list of restaurants permanently closing
The Facebook page for the upscale restaurant lists the location as “permanently closed.” It has been removed from the company’s online list of restaurants, and its local phone number no longer works.
Kroger announces new bonuses after cutting hazard pay to workers
Just days after announcing it would end hazard “hero” pay to front-line workers, Kroger says it will give them extra “thank you” bonuses.
J.C. Penney files for bankruptcy, plans to close some stores
The 118-year-old retailer was struggling long before the public health crisis forced it to temporarily shutter all of its stores.
Memory Bank: Eating popsicles in the 1950s
This photograph of children eating popsicles in front of an old store was taken by James O. Fox at an unmarked location, but likely on the near-west side in the 1950s.
Area homebuilders saw applications rise in April despite pandemic limitations
Applications for home construction permits rose 5% in the Indianapolis area in April, marking the ninth monthly increase in the past 10 months on a year-over-year basis.
U.S. retail sales plunged record 16% in April amid shutdowns
A long-standing migration of consumers toward online purchases is accelerating, with that segment posting a 8.4% monthly gain.
Last Indianapolis Bravo! restaurant closes permanently
The northwest-side location, in the Willow Lake East shopping center, was Bravo!’s last remaining Indianapolis location. Its parent company, Florida-based FoodFirst, filed for bankruptcy protection last month.
Broad Ripple sports bar calls it quits after 30 years in business
Nicole Harlan-Oprisu, who co-owns Old Pro’s Table and several local restaurants, previously told IBJ that business has been difficult during the pandemic.
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
Former downtown correctional facility up for sale as neighborhood takes off
Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
Simon shares rally after firm lays out reopening plans, pledges to pay a dividend
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
Discount retailer with 8 central Indiana stores files for bankruptcy, seeks buyer
Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.
Restaurants reopen for dine-in service with restrictions but cautious optimism
Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.
Steak n Shake permanently closes 57 restaurants amid dismal first quarter
With its restaurants limited to drive-thru, takeout or delivery for much of March because of the virus outbreak, the burger chain saw quarterly revenue plummet by $59 million.
Restaurants in most of Indiana have OK to reopen dining rooms
In addition, personal services such as hair salons, barber shops, nail salons, spas and tattoo parlors are allowed to open in 89 of 92 counties Monday—by appointment only.
Memory Bank: Finding a deal in 1955 as Charles Mayor and Co. is liquidated
This photo, taken Jan. 18, 1955, depicts the liquidation sale at the Washington Street building, which was torn down in 1959.
Gary Brackett closes Stacked Pickle sports bar chain
Stacked Pickle lists 10 locations on its website—nine in Indiana and one in Dayton.
Goodwill reopening stores where possible, but closing Vintage Vogue locations for good
Goodwill of Central & Southern Indiana, which has begun reopening many of its 76 retail locations where possible, is cutting costs by eliminating its three Vintage Vogue stores.