Retail caps strong season with help from long Christmas weekend
Americans displayed their buying bona fides in the final run-up to Christmas, turning out in force to produce what may be the best holiday shopping season in years.
Retail
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Mo’s downtown location to reopen as ‘Paleo-inspired’ diner
Owner John Vassallo plans to open Nook in February with a highly-educated staff that can help diners learn how foods impact their bodies.
Rodizio Grill hoping to reopen locally after Carmel closure
Rodizio Grill, a Utah-based Brazilian steakhouse chain that recently closed its Carmel location, is hoping to reopen the restaurant in the future under a new franchisee, the company told IBJ this week.
German eatery planned for former Bent Rail restaurant site
North-side Indianapolis eatery Bent Rail Brewery & Restaurant has closed, but plans are already in the works for a German-themed brewpub to take its place under new ownership.
Long-time south-side bakery closing doors
A nearly-30-year-old business known for custom-made cakes for weddings, graduations, birthdays and other special events is liquidating its equipment and closing its shop near the University of Indianapolis.
Brixx pizza set to reopen in Fishers with new owners
The restaurant at The Depot at Nickel Plate is scheduled to reopen in February, four months after closing abruptly at the same location.
Another upscale downtown restaurant closing at end of month
Chef Joseph’s on East Ohio Street will shut its doors upon the retirement of executive chef Joseph Heidenreich, ending a six-year run.
Poultry purveyor wonders if dip in wing sales is due to NFL player protests
Wing prices slumped in each of the last three months—tracking with the start of this year's contentious NFL season—and are now 14 percent lower than a year earlier.
Simon investing heavily in upgrading, transforming mall properties
The Indianapolis-based retail real estate giant is spending $1 billion annually to upgrade its high-end properties, including adding splashy non-retail features like housing and hotels.
Retailers eye merriest Christmas since recession as sales surge
The Commerce Department reported better-than-expected U.S. retail sales for November and revised its October figures upward, bringing a fresh wave of optimism to a long-embattled industry.
San Francisco firm converting historic downtown office building into hotel
The 109-year-old building—once the tallest structure in Indianapolis—is slated for a transformation into a 130-room hotel expected to open in early 2020.
Culinary complex in Fishers reveals first two tenants
A local restaurateur with a long track record in red meat and high-end dining is planning both a casual eatery and throwback watering hole at The Yard at Fishers District.
Three-story building to rise on hot East 16th Street corridor
Mainstay Property Group has won approval to construct the office and retail project as the street’s commercial revival kicks into high gear.
Longtime Mass Ave tavern closing, with Cunningham in wings
The second-oldest bar in Indianapolis will soon close its doors, clearing the way for one of the city’s most dynamic restaurateurs to take over the space.
Local restaurateur taking over Cerulean space at high-end hotel
The group behind some of the city’s hottest eateries of the last decade plans to open a “coastal Italian” concept in the space that Cerulean is vacating at the end of the month.
Christmas tree growers battle against popularity of plastic
Millennials have a reputation for loving products that are local, authentic and benefit the environment. So why are they buying so many plastic Christmas trees?
Economy is good, but many restaurants closed in 2017
When downtown’s upscale Cerulean stops serving on Dec. 31, it will mark the end of a brutal year for the local restaurant industry marked by an unusually high number of closings.
Auto industry bracing for slight sales declines this year and next
Following seven years of growth in new-vehicle sales, U.S. consumers appear to be tapping the brakes—but the auto industry says the slowdown is not causing them concern.
Known for malls, Simon turns to apartments, hotels
The company said it hasn’t lost faith in brick-and-mortar retail but now is broadening its development focus in a quest to continue increasing the value of its real estate holdings.
Serial entrepreneurs opening low-key, eclectic nightspot on Mass Ave
The longtime collaborators responsible for Wild Beaver Saloon are melding live performance with a love of facial hair in the three-story Burnside Inn.