Property management firm JLL sent a letter, dated April 21, to tenants to inform them that it had taken over mall management and said it is in the process of hiring a general manager for the property.
IBJ Podcast: Patio and yard goods are still hot—and some are in short supply
Host Mason King talks with two retailers—Scott Horvath, owner of O’Malia’s Living, and Pat Sullivan, who owns owner of three Sullivan’s Hardware & Garden stores plus Allisonville Home & Garden by Sullivan—about what customers want and why the supply chain is struggling to keep up.Read More
With pups and personal service, Trust Hardware invests in brick and mortar
The company’s three stores are open 24/7. Each has a resident dog. You can also pick up everything from power tools to local honey to live bait. What you can’t do, at least for now, is order online.Read More
Clamor for gardens escalates even as pandemic restrictions ease
Local home and garden stores are continuing to struggle to meet the pandemic-fueled demand that began last spring.Read More
Shops at Perry Crossing back under control of previous owner
Poag Shopping Centers earlier this month squared away its financial dispute over The Shops at Perry Crossing, allowing the firm to take back the keys to the property.Read More
More than half of U.S. consumers plan to buy clothing in the coming months, catapulting it back to the top category of anticipated spending, followed by footwear and beauty products.
There are about 115 retailers and restaurants along the street, plus dozens of service-oriented businesses and office users.
Indianapolis-based KennMar LLC acquired the former Caribbean Cove water resort property on the city’s north side and another Drury hotel site at Interstate 465 and West 71st Street.
The new Ollie’s store will be the fast-growing Pennsylvania-based chain’s fourth Indianapolis-area location, taking the site of the first Indianapolis-area Marsh grocery store.
Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again.
The owners of The Legend Classic Irvington Cafe said “several different factors” are leading them to close the restaurant and retire, including repercussions from the COVID-19 pandemic.
The Indianapolis-based company has declared itself debt-free, but the lenders say they’re owed more than $8.5 million.
Cargo traditionally operates out of a shipping container that it is moving to Fountain Square, but for now, it’s in a pop-up shop in the former Pearings Cafe in downtown Indianapolis. IBJ talked with Porter—who owns the clothing brand Komäfi—about how business is going.
The cheap-chic retailer will also add products from more than 500 Black-owned companies across its aisles and help Black vendors expand their sales in big-box retail.
The work-from-home and online-shopping trends are expected to permanently reshape demand for office and retail space, says Hessam Nadji, CEO of the Calabasas, California-based commercial real estate financing and advisory company.
Downtown crowds are thin this year amid a pandemic that’s putting a crimp in sales for pop-up businesses, which normally count on throngs of fans to attend games and stop in for souvenirs to or from the game.
When the pandemic hit one year ago, Sun King almost immediately lost some 40% of its business, the result of restaurants and bars that shuttered and stopped buying beer in kegs.
The pandemic has been tough on restaurants almost across the board. And so it’s no wonder that the Indianapolis City Market has lost a third of its vendors in the last year.
Erynn and Elyse Petruzzi—whose father, Dean Petruzzi, started and sold several Indianapolis-based battery companies with his brothers in the late 1990s and early 2000s—started Something Splendid as a side hustle two years ago. Now it’s much more.
The trustee liquidating the grocery chain this month asked the court to close the case, saying he had wrapped up the process of selling off assets and turning proceeds over to creditors.
Bastian Solutions, which makes conveyor systems, robotics and other automated materials-handling items often used by the retail industry, has seen growth accelerate because of the pandemic.
Founded by a local bodybuilder, American Muscle Factory is expected to open in August in a long-vacant, 23,000-square-foot retail space in the Greenwood Place shopping center.
The chain will begin selling eight new store brands this year. The new brands were announced Wednesday by CEO Mark Tritton, who was hired in late 2019 from Target, where he did much the same thing as chief merchandising officer.