Sunday, December 9, 2007

High-Tech Company Investing in Former Indianapolis Mall

Inside INdiana Business with Gerry Dick:
"Mayor Bart Peterson today joined community and business leaders to announce a multi-million dollar investment that will transform the former Eastgate Consumer Mall on the city’s Eastside into a high-tech data hub and office center.

Lifeline Data Centers, LLC, a local high-tech company specializing in securely hosting and maintaining data and applications for businesses and government clients, will purchase the Eastgate property and invest nearly $23 million to transform the site into a state-of-the art facility to house it’s expanding business.

“Together, the City of Indianapolis and Eastside community leaders have made tremendous progress in bringing business and investment back to the East Washington Street corridor,” Mayor Peterson said. “Eastgate has always been a challenge in this vision for a revitalized Eastside, but this major commitment by Lifeline will open the floodgates for more investment and even greater progress.”"

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Sale of 26 Marsh stores approved by bankruptcy court, remaining 18 stores to close

From Fox59 On Tuesday, FOX59 learned two companies won the bidding war: Topvalco and Generative Growth II. Topvalco is a Kroger subsidiary...