McCammon’s Irish Market acquires Brownsburg garden center
Greg and Lisa Frazee, who opened Frazee Gardens in 2008, will continue to own and operate Brownsburg Landscape Co., which they founded in 1987.
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Best Chocolate in Town acquired, closes Mass Ave store
Longtime local candy company The Best Chocolate in Town has been acquired by Indianapolis-based Newfangled Confections, which is known for it popular signature Frittle candy.
Memory Bank: ISTA building rises along Market Street
This photo was shot on April 26, 1957, from a balcony on the east side of the Statehouse, looking east down Market Street, with construction of the ISTA Center on the left.
State might move deaf, blind schools rather than spend big on aging properties
The state’s separate deaf and blind schools need $100 million in upgrades over the next 20 years; state officials might start over with new buildings on a shared site.
Sales of existing homes surge in central Indiana amid lower rates
Closed sales in central Indiana have risen on a year-over-year basis in four of the last five months after falling in seven of the previous eight months.
Victoria’s Secret getting new majority owner after 38 years under L Brands
Victoria’s Secret, beset by falling sales and uncomfortable questions about its billionaire owner who has run the company for four decades, is being sold to the private company that owns Hot Topic and Talbots.
Simon, other new Forever 21 owners in talks to keep most U.S. stores open
Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.
Bottleworks District adds bar, coffee shop to growing Garage lineup
The businesses join 16 other tenants confirmed for the Garage Food Hall lineup. The food hall is expected to open in October.
Developer eyes 173-acre tract south of airport for industrial project
Department of Metropolitan Development staffers have recommended denial of the project because it doesn’t jibe with land-use plans for the area calling for more neighborhood-friendly developments.
UPDATE: Pier 1 files for bankruptcy protection, to close 7 Indiana stores
The retailer, led by the former CEO of HHGregg, has been struggling with increased competition. It plans to close seven stores in Indiana.
IBJ Podcast: Here’s why a mega liquor store is trying to move to Indiana
IBJ reporter John Russell explains a U.S. Supreme Court ruling that could open the door to out-of-state liquor stores moving into Indiana—including Total Wine & More, a Maryland-based chain that has applied for a permit to open in a former Marsh store.
Real estate pros bullish on Diamond Chain site
The planned closing of the 102-year-old factory in the southwestern corner of downtown likely will throw into play a nearly 18-acre site that real estate experts say would be attractive for myriad uses.
Bottleworks’ Phase I could be 80% full when it opens
With its debut just months away, the 12-acre, $300 million Bottleworks District on the north end of Massachusetts Avenue has a majority of its Phase I office and entertainment space and nearly all of its food hall leased.
Alcohol colossus seeking Indiana permit after Supreme Court ruling opens door
Total Wine & More, the nation’s largest retailer of beer, wine and spirits, has applied to the Indiana Alcohol & Tobacco Commission to open a store in part of a former Marsh Supermarkets in Nora.
Memory Bank: Block’s budget store takes over Kresge building
S.S. Kresge Co.—then one of the nation’s largest retailers—built a 65,000-square-foot office building at the southwest corner of Pennsylvania and Washington streets in 1924.
Investors keep their distance from Simon stock
David Simon said Simon Property Group’s ability to buy a company for $3.6 billion in cash without having to turn to a third party for financing and without suffering credit rating downgrades is a testament to the underappreciated strengths of the business.
16 Tech launches international design competition for $14.5 million bridge
The bridge will be funded by the city of Indianapolis and Lilly Endowment Inc., which two years ago awarded 16 Tech a $38 million grant.
City, Indy Chamber launch financing program for minority-owned businesses
Funding for the program will help smaller businesses pay initial expenditures associated with bidding on contracts—supplies and payroll, for example—without having to put themselves at financial risk through high-interest borrowing.
Shake Shack to open Fishers restaurant, looking in downtown Indianapolis
With a restaurant already in the works at Indianapolis International Airport, Shake Shack also is paving the way for a Fishers location and is in the hunt for spot in downtown Indianapolis.
Bank alleges developer owes nearly $16M for project near airport
The suit, filed Tuesday in Marion Superior Court by Evansville-based Old National Bank, claims Paul Kite and his firm owe the bank $15.8 million.