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.”
The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools.
Since breaking out of China, the coronavirus has had a chilling effect on companies related to manufacturing, travel and tourism, which then hampers other industries and weakens consumer confidence.
In the late 1890s and early 1900s, mineral waters fed from local springs fueled the Martinsville economy, drawing thousands of people seeking cures for dysentery, rheumatism and muscle pain.
Halted travel and a broader economic downturn linked to the outbreak of the novel coronavirus threaten to hit already-struggling communities for months to come.
Washington Prime Group Inc. has filed a request with the city of Carmel to rezone the 577,614-square-foot shopping center at West 146th Street and U.S. 31 to allow for a variety of new uses.
Wanda Thruston decided at the age of 5 that she wanted to be a nurse. She wasn’t much older when she had a vision of working in a clinic that took care of people in distress.
The Federal Reserve’s latest nationwide survey of business conditions has found that the coronavirus outbreak has begun to affect tourism and disrupt manufacturing chains in parts of the United States.
The cancellations and travel restrictions are a major blow to business travel, which makes up around 26% of the total travel spending. The Global Business Travel Association estimates the virus is costing the business travel industry $47 billion per month.
The Carmel City Council on Monday voted to have its four-person finance committee look into what led to $18.5 million in cost overruns on the Hotel Carmichael project. It rejected a proposal have the entire council involved in the review.
Over the past two years, Hancock Health has bought 140 acres of empty farmland at the Mount Comfort exit of Interstate 70 for a development it has named Hancock Gateway Park.
The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.
If the disease known as COVID-19 becomes a global pandemic, economists expect the impact could be much worse, with the U.S. and other global economies falling into recession.
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.
The shop that started as a wholesale bakery in Broad Ripple is about to add a downtown store to its north-side flagship. Then it will begin work on a 16th Street brunch spot.
