Hotel Carmichael exceeding financial expectations, could expand
Financial figures made public to the Carmel City Council show the luxury hotel has exceeded expectations for revenue and occupancy since its opening in 2020.
Financial figures made public to the Carmel City Council show the luxury hotel has exceeded expectations for revenue and occupancy since its opening in 2020.
Memento co-owner Max Gavin told IBJ the bar at the First Internet Bank building at 8701 E. 116th St. closed due to a lease issue.
The move marks the largest expansion in federal overtime eligibility seen in decades. Critics said the regulation could saddle companies with new costs and add to persistent labor challenges.
The TikTok legislation was included as part of a larger $95 billion package that provides foreign aid to Ukraine and Israel. President Joe Biden said he will sign it Wednesday.
Sushi Boss will follow Green District and Au Bon Pain Cafe as the tenant at the southwest corner of Monument Circle and Meridian Street.
Sources say the contract spans eight years and includes a signature shoe.
A spokesperson for The GOAT, or Greatest of All Taverns, said the Midtown business reopened March 21 and will hold a grand reopening event May 4.
New York City-based Sugar Factory opened in April 2022, replacing the Palomino restaurant that had occupied the space for 23 years. An eviction hearing is set for May 1.
The Legacy, which was designed for the American market, became the first Subaru manufactured in the United States when the Japanese company began production at its plant in Lafayette, Indiana, in 1989.
Ten concerts are scheduled at “USA Swimming Live,” a fan destination planned downtown on Georgia Street and part of South Meridian Street.
Converse-based First Farmers Bank & Trust, which opened a loan production office in Carmel last year, now plans to operate a full-service branch in the city’s Arts & Design District.
The proposed 180-acre business park, which has been a priority for Westfield Mayor Scott Willis, received final approval Monday night after about four years of debate and negotiations.
A consortium that includes Indianapolis-based Simon Property Group has offered a non-binding letter of intent to potentially purchase the majority of its stores and operations. Four Indiana stores are slated for closure, according to bankruptcy papers.
A Kinsey Institute researcher and an Indiana University School of Medicine faculty member are part of the Out on Mass ownership group.
Unable to attend the U.S. training camp earlier this month, Clark will have the start of her WNBA career to show the U.S. women’s basketball selection committee whether she deserves a spot on the team.
In the 300th episode of the IBJ Podcast, Pete Dunn also discusses the role that your housing decisions—good and bad—play in retirement readiness.
The owners of Indianapolis-based Small Victories Hospitality are closing their hybrid café/bar in Butler-Tarkington and brunch spot in Irvington and arranging for new management of Coat Check Coffee and Provider.
It’s a challenge hitting urban centers across the United States. Downtown office buildings are seeing their values plummet and vacancy rates climb due to space consolidation and a continued hesitancy toward renewals and new leases following the pandemic.
The Indianapolis-based foundation, which announced the donation Friday, said the funds would help make mental health and behavioral health services more available to children and adolescents.
The Indianapolis-area homebuilding industry continued to see rising interest in new houses in March, with applications for new-home construction increasing 18.5% on a year-over-year basis.