The man who once put down 182 chicken wings in 30 minutes, 55 glazed doughnuts in eight and 121 Twinkies in six has developed an appetite for a new conquest. Popcorn.
In 2020, occupancy rates at the Conrad dropped “into the single digits” due to the COVID-19 pandemic. The hotel “lost virtually all of its business income” while incurring “additional expenses for cleaning and disinfecting the property.”
Jeff Smulyan, chairman, CEO and founder of Emmis, said the company is weighing all its options for what could be done with the prominent downtown property.
Wednesday’s report raised hopes that a modest slowdown in inflation might enable the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Two mixed-use buildings—the Wren and Windsor—under construction this summer are the final pieces of the $300 million development that created a new core for Carmel.
Plans call for the apartments to be constructed at the northwest corner of 96th Street and Allisonville Road as part of a larger, $96 million development.
It’s the first major push against proposed state legislation by a convention group since the Religious Freedom Restoration Act sparked extensive backlash in 2015.
Kite Realty Group Trust and Capital Improvement Board of Marion County officials said they’re on track to meet a deadline to finish all pre-construction and financing work by the end of 2022. They also released new images for the proposed development.
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
The city of Westfield on Monday released the results of two appraisals that will be used when it considers a deal with companies interested in owning or operating Grand Park Sports Campus.
Patrick Tamm, CEO of the Indiana Restaurant & Lodging Association, said the numbers are ahead of schedule, as many forecasts called for revenues to not return to normal until 2024.
