Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
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With capacity restricted, the smallest restaurants say it’s not feasible to reopen. Others are proceeding cautiously and changing how they’ll operate.
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A trio of hotels in downtown’s construction pipeline have stalled in recent months, raising questions about whether they will ultimately move forward.
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Cousins Subs, which recently opened its first Indiana location in Crown Point, is hoping to open eight to 10 stores in the central Indiana market. Also this week: News on Ellison Brewing and Massage Heights.
Read MoreThey are working through a multitude of logistical details as they prepare to reopen for dine-in service for the first time in more than two months. They’ll be limited to outdoor seating until July 4.
The restaurant opened in 2014. The chain also has locations in Carmel, Schererville and Valparaiso.
Experts say hotels of all sizes are under tremendous stress as revenue for many falls below the levels needed for debt payments.
The seller of customizable doughnuts that started in Pendleton will be joined later this year by a second store in a new Westfield retail center.
Most business owners say they’ll be ready to open as soon as—or shortly after—coronavirus-related restrictions are lifted.
The Fort Wayne-based bank’s new Indianapolis market president, Tim Oliver, will primarily work from the bank’s new Monument Circle location, which opened earlier this year.
Local landlords say they’re willing to offer relief to some of their retail tenants who’ve been hit hard by coronavirus-related closures—but the amount of relief, if any, varies depending on circumstances.
The governor also signed legislation that will eventually put more money into the state’s unemployment trust fund, a move that comes as the coronavirus outbreak has led to a jump in unemployment claims.
According to an email to companies in the building, the affected tenant has temporarily closed and has hired a janitorial contractor to deeply disinfect its space and nearby common areas.
Some are switching their menus to carryout-friendly fare and redeploying servers as delivery drivers.
Combined, the events were expected to draw in upwards of $35 million in revenue for local businesses, including hotels and restaurants.
It will add to a mix of new businesses in the town center. Also this week: Dave & Buster’s, VetIQ, Jiffy Lube, Ross Dress for Less, Sears Outlet and more.
The new language, which was added to a bill this week, would effectively make it illegal to panhandle in all of downtown Indianapolis.
The building, at 42 E. Washington St., houses Gallery Forty Two art gallery and is believed to be the city’s oldest commercial structure.
The building’s tenants will include Black Circle Brewing Co., Gold Leaf Savory & Sweet restaurant and Early Kind, a cosmetics and lifestyle retailer.
The owner is a Brownsburg technical writer with five children who spent a year studying similar venues around the country. He’d like to replicate Press Play Gaming Lounge in other Indiana markets.
The repurposed building at Washington and Post formerly housed Liberty Bell Flea Market. Also this week: New Bottleworks tenants, Circle Centre food court departures and more.
The Round Table Recording Co. will offer both audio recording/production and a school for those who want to learn the business. Also this week: Orangetheory Fitness and Goldfish Swim School.
The format is key to the pharmacy chain’s plan to slash expenses. Also this week: Black Acre Brewing Co., Sauce on the Side, Versona, Tropical Smoothie Cafe.
The apartments-and-retail project slated next to the Athenaeum has been in the works since 2016 but encountered hurdles including a lengthy legal battle that reached the Indiana Supreme Court.
