Developers plan $13M apartment project on Teamsters local site in Fountain Square
Creating the 66-unit apartment project would entail demolishing the two-story, 30,000-square-foot Teamsters building at 1233 Shelby St.
Mickey Shuey
Articles
Conrad shuts down temporarily amid record-low occupancy for hotels
The upscale, 247-room Conrad suspended operations on Saturday in what management called a temporary measure “that is reflective of the current business environment.”
Real estate agents, home sellers, buyers adjust to social-distancing norms
Local brokers have made big changes in the way they sell houses in an effort to protect buyers and sellers during the coronavirus outbreak. It’s not clear yet whether or how much the changes will hurt home sales—in the short term or long term.
Downtown hotel occupancy fell 91% as health crisis escalated
The entire market saw a 68% drop in occupancy from the week of March 1-7 to the week of March 29-April 4, according to data from Tennessee-based hotel research firm STR.
Proposed $15.3M affordable housing complex seeks tax break from city
The 159-unit apartment development would be located on a six-acre site along the White River, south of 16th Street. The proposed tax abatement from the city of Indianapolis would save the developers about $1.4 million.
CIB, Visit Indy reducing executive pay to cope with pandemic losses
The Capital Improvement Board of Marion County and Visit Indy said they are implementing several cost-cutting maneuvers ahead of expected drops in tax revenue over the next several months.
Virus forces CIB to scale back first phase of $360M fieldhouse renovation project
The Capital Improvement Board is significantly scaling back the first phase of a $360 million Bankers Life Fieldhouse renovation as uncertainty about working conditions and the NBA season have thrown a wrench into the construction schedule.
Owner of Try It Tiny files bankruptcy, dissolves company
The Airbnb concept for tiny houses was dissolved March 23 with more than $765,000 in outstanding business debt.
Indiana Repertory Theatre sues insurer over rejected claim tied to virus crisis
IRT, the state’s largest not-for-profit professional theater, says its insurer refused to cover a “business interruption” claim tied to the coronavirus crisis.
City reaches tentative deal with developer on Broad Ripple Park community, health center
The Indy Parks and Recreation Department would share space in the $20 million center with Community Health Network. But a new wrinkle potentially stands in the way of the project.
Crowne Plaza near Indy airport being used as COVID-19 treatment site
State officials declined to provide details on specifically how the hotel is being used—including whether it is a treatment site for homeless individuals—to protect patient privacy.
Q&A with Jacob Cantu, West Fork Whiskey tasting room manager
Cantu has created the distillery’s cocktail-to-go concept, which has been a significant boost to revenue amid the COVID-19 outbreak.
Museums, performance venues expect to withstand closures
Facing millions of dollars in lost revenue from the COVID-19 outbreak, major arts and cultural attractions throughout Indianapolis are slashing budgets, cutting staff and dipping into reserves or endowments to make ends meet.
‘It’s all ruined—there’s no demand,’ hotelier says
MHG President Sanjay Patel has been through tough times in the hotel industry before—but nothing quite like this.
Bottleworks, justice campus among projects moving forward despite coronavirus closures
The construction industry is exempt from Gov. Eric Holcomb’s orders that non-essential businesses close and Hoosiers stay home.
Local developer Gershman buys old Books & Brews building in Broad Ripple
The firm is keeping its options open for the site—including upgrading the existing building or redeveloping it entirely.
Visit Indy to cut employee hours amid forced events lull
The tourism bureau’s 62 employees will see their work weeks cut to four days through at least April.
Restaurants, breweries embracing more alcohol delivery, carryout
With revenue down because of banned dine-in services, some eateries are taking advantage of the governor’s order allowing more restaurants and breweries to temporarily offer carryout and delivery of alcohol.
New Indy 500 date could come just when tourism industry needs it most
The race—rescheduled for Aug. 23—is on an otherwise open weekend in the city’s summer event calendar, which could fill hotel rooms at a time they would otherwise have been empty.
Madison County extends state’s pandemic restrictions to other industries
The county ordered liquor stores, banks and insurance companies to cease normal operations and shift to offering only drive-thru, delivery and curbside services.