With restaurateur Brown out, Oesterle seeks new tenant for old 38th Street bank building
Local restaurateur Neal Brown has scrapped plans to open what he had planned to call Midtown Brasserie in a 73-year-old art deco building at 215 E. 38th St.
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Bottleworks District project adds three more tenants, including fish-and-chips shop
The Harbour, YogaSix and Witch Hazel Salon will join a growing list of tenants for the first phase of the 12-acre, $300 million mixed-use development at 850 Massachusetts Ave., officials said.
Buyers move to used vehicles as new autos hit record prices
Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site.
Crestline plans $21M mixed-income apartment project on near-north side
The Indianapolis Neighborhood Housing Partnership bought the property on Meridian Street last year in hopes of finding a developer that would create affordable housing. Indianapolis-based Crestline fit the bill.
Veterinary practice growing at greyhound speed
Indianapolis-based Pet Wellness Clinics opened its first clinic in Fishers in 2005. The company became profitable a year later and has been in the black—and growing—ever since.
Recording studio/audio school coming to Broad Ripple
The Round Table Recording Co. will offer both audio recording/production and a school for those who want to learn the business. Also this week: Orangetheory Fitness and Goldfish Swim School.
Colts pick Fanatics for 10-year merchandising deal
The Indianapolis Colts have inked a 10-year deal with Florida-based sports merchandiser Fanatics Inc. to operate the team’s in-stadium, online, mobile and roving retail shops, the team and company announced Thursday.
Clothing retailer Express, seeking revival, to close 100 stores
Express, a national retailer with four Indianapolis-area mall stores, plans to close about 100 stores as part of a restructuring plan.
City Center tenants expand with new concepts
The owners of Matt the Miller’s Tavern and InCycle indoor cycling studio are both opening second businesses in the Carmel mixed-use complex.
Kroger looks within for new president of local division
The Kroger Co. on Tuesday announced it has promoted Colleen Juergensen to take over as president of the chain’s Central division, replacing the retiring Pam Matthews.
Holiday sales rose 4.1%, nation’s largest retail trade group says
The positive December figures were partially offset by downward revisions to October and November sales. That suggests consumer spending likely grew more slowly in the final three months of last year than previously expected.
Walgreens bringing new small-store concept to city’s south side
The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.
UPDATE: SoBro Cafe owner to concentrate on tea business after closing eatery
The restaurant, 653 E. 52nd St., opened just off North College Avenue in November 2011. Its last day of business was Saturday.
UPDATE: Church buys former Marsh in Broad Ripple for $7.6M, plans Midtown campus
The sale of the 6.6-acre property included the 57,000-square-foot store on Keystone Avenue. Traders Point Christian Church plans to create an 800-seat auditorium and spaces for children and teens.
Take 5 Oil Change entering market with three stores
The fast-growing chain’s concept allows customers to stay in their cars. Also this week: Root & Bone, Gavel, People’s Revel Room, Gymboree Play & Music, Portrait Innovations and more.
Macy’s sees some improvement but still closing nearly 30 stores
Macy’s sales at stores opened at least a year fell 0.6% during the November and December period, which was not as bad as most industry analysts had anticipated.
Pier 1 Imports to close half its stores as sales falter
Pier 1 Imports, which is led by the former CEO of defunct retailer HHGregg, plans to shut down hundreds of stores as it struggles to draw consumers and compete online.
Original Circle Centre tenant New York & Co. set to close
The closure will leave the downtown mall with only a handful of tenants who were part of the shopping center’s 1995 opening day store lineup.
Some Indiana retailers say they’re unaware of tobacco age change
It is now illegal for a retailer to sell any tobacco product—including cigarettes, cigars and e-cigarettes—to anyone under 21, according to federal law.
Fast-growing Office360 acquires Kentucky office-supply firm
The acquisition of 65-year-old Cardinal Workplace Solutions is the 10th for Office360 since its launch in 2008 and will help the company expand its footprint in Kentucky and Ohio.