Sun Development & Management Corp said the 11-story, 150-room project slated for a surface parking lot along South Meridian Street turned out to be “cost-prohibitive.”
The communities reportedly chosen to become homes to a pair of big, new East Coast bases for Amazon.com are both riverfront stretches of major metropolitan areas with ample transportation and space for workers.
The sites in Long Island City, Queens, and in Arlington, will be a boon for the New York and Washington, D.C., metro areas and highlight Amazon’s willingness to target big labor pools with pricey payroll over smaller markets offering lower costs of living.
Amazon stands to get nearly $2.5 billion in tax breaks and other incentives as part of its deals to open up two new East Coast offices and an operations hub in Tennessee.
The city of Carmel is spending $10 million to build a new clubhouse at Brookshire Golf Club, which it bought in 2007 and turned into a municipal course.
Since starting his own personal training business while attending Indiana University, 30-year-old Tyler Davis has helped hundreds of clients stay on top of their game. His new startup focuses on clients who travel a lot.
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
Podcast host Mason King talks with Rethink 65/70 member Paul Knapp, the CEO of Young & Laramore, about the group’s plan to put parts of the highway below grade. Then he talks with INDOT spokesman Scott Manning and HNTB’s Kia Gillette about whether the state will consider Rethink’s ideas.
Hospitality industry observers say this is far from an ideal time for Kite—a publicly traded real estate investment trust specializing in shopping centers—to veer outside its core business and tackle what would be a risky and colossal project that easily could cost more than $600 million.
The new company, called Spectacle Entertainment, announced Wednesday morning that it has agreed to acquire the company that owns casinos along Lake Michigan in Gary, and has plans to relocate both gaming licenses.
City convention officials are gearing up for a big financial ask of the Indiana General Assembly next year as they set out on a $120 million expansion of the Indiana Convention Center at Pan Am Plaza.
The expansion positions Indy as a second headquarters. Also, in the week’s roundup: Ash & Elm, Red Dog Books, Miracle on South Street, JD Sports, At Home and much more.
Tourism bureau Visit Indy has spent about $60,000 on advertising over the past two weeks targeting Ohio State and Northwestern fans in Columbus, Ohio, and Chicago.
The hotelier announced Friday morning that information for hundreds of millions of guests who stayed at its Starwood properties has been compromised. Credit card numbers and expiration dates for some guests may have been taken.
The Capital Improvement Board will seek at least $8 million from lawmakers to help fund what officials say will be a 25-year plan for improvements in the Indiana Convention Center, Bankers Life Fieldhouse and other facilities the CIB owns.
The spectators on hand for Ohio State’s 45-24 defeat of Northwestern at Lucas Oil Stadium inched past last year’s game attendance by about 500 people, but fell short of a complete sellout.
The project is slated for the north and south sides of 116th Street and will include residential, retail, a high-end boutique hotel and a six-story office building.
