Social distancing shifts many small businesses into survival mode
Concerns about the spread of COVID-19 have put in peril thousands of businesses, from restaurants and hotels to airlines and manufacturers of consumer goods.
Concerns about the spread of COVID-19 have put in peril thousands of businesses, from restaurants and hotels to airlines and manufacturers of consumer goods.
Several developments in recent days have been thrust into holding patterns, as banks and financial institutions have stopped approving new construction loans for hotels and other projects amid the economic plunge from COVID-19.
The owners of the city’s two largest hotels are considering closing them amid drastic decreases in business caused by the COVID-19 outbreak.
The firm would occupy the entire 18,366-square-foot church, and retrofit the building for open desk space, office areas, conference rooms and administrative space.
Ed Rudisell, owner of several downtown restaurants hurt by the COVID-19 outbreak, said he wasn’t surprised by the Governor’s decision on Monday to limit service for all eateries to takeout and delivery.
The trend toward commercial structures has been driven largely by modern churches’ desire to operate in heavily populated areas, to be closer to pockets of potential members, he said.
The city of Indianapolis could spend nearly $93.5 million over several years on Castleton’s infrastructure, as part of a broad vision to remake the corridor with better connectivity and walkability.
The head of the Capital Improvement Board of Marion County, which owns and manages the Indiana Convention Center and Lucas Oil Stadium, on Friday acknowledged there will be an “obvious impact” from the virus.
The decision comes one day after the Indianapolis-based NCAA said it would not allow fans to attend games in hopes of stopping the potential spread of the virus.
The Indianapolis-based NCAA is weighing potential health risks to athletes against hundreds of millions of dollars on which the institution and dozens of athletic conferences and universities rely on for economic stability.
Combined, the events were expected to draw in upwards of $35 million in revenue for local businesses, including hotels and restaurants.
City officials asked developers to consider three key elements: transit along West Washington Street, the evolution of the former Central State hospital campus to the north, and maintaining the building’s Art Moderne qualities.
A Peachtree official said the company bought the land for the development opportunity and is now “evaluating our options to potentially build on the lot.”
A conference and trade show that was expected to draw nearly 10,000 people to Indianapolis is the first local convention to be postponed or called off due to the virus.
A trio of hotels in downtown’s construction pipeline have stalled in recent months, raising questions about whether they will ultimately move forward.
Officials say no events have been canceled locally, but groups—including the NCAA and Visit Indy—are watching the news and weighing their options.
Monon Roots is the third Onyx+East project on the near-north side to seek city approval in recent months. It would feature homes ranging from $280,000 to $420,000.
Atlanta-based Peachtree Hotel Group bought the Hampton Inn by Hilton at 105 S. Meridian St. and a 50-car parking lot at 102 S. Pennsylvania St.
The $1 million initiative was announced in October as a legacy project tied to next year’s All-Star festivities, with each group receiving up to $50,000 in funding for youth-serving projects.
Sun Development & Management Co. originally planned to open the Tapestry hotel in the 12-story Jackson Square building where Ike & Jonesy’s had been located. But Sun now has plans to put a different brand in the building, with work starting within several months, and build the Tapestry across the street.