Red Lobster to close dozens of restaurants, including one in Indianapolis
Red Lobster has been struggling for some time. With lease and labor costs piling up in recent years, the chain is now reportedly considering filing for bankruptcy.
Red Lobster has been struggling for some time. With lease and labor costs piling up in recent years, the chain is now reportedly considering filing for bankruptcy.
Redfin is the latest big brokerage to agree to settlement terms. All told, the industry has now agreed to pay more than $950 million to make the lawsuits go away.
As more companies across the United States take a hard-line stance on office mandates, an increasing number of workers are elevating their complaints to court and federal labor agencies.
The Indiana Economic Development Corp, in a request for proposals, said it hopes to sell the property along the White River by the end of September, most likely to a master developer.
The announcement comes just more than a month after Sam Ash said it would close 18 of 44 stores as part of a company restructuring meant to make the company stronger.
Todd Johnson, co-franchisee with NFL Hall of Famer Derrick Brooks and Wade Kornblith, said he anticipates a reliable stream of customers at the new location.
City officials did not immediately respond to a request for comment about Keystone’s statement. But the Mayor’s Office announced that at 5:30 p.m., Hogsett would make a “significant announcement about the future of sports in Indianapolis.”
City and neighborhood leaders have expressed hopes that the opening of the campus would spur redevelopment in Twin Aire, but change hasn’t been fast to take root.
Guggman Haus Brewing Co. plans to take over the former Scarlet Lane Brewing Co. location near the intersection of 46th Street and College Avenue.
The school board will vote Thursday on a plan to transfer ownership of the Julian Coleman School 110 building to KIPP Indy.
Sushi Boss will follow Green District and Au Bon Pain Cafe as the tenant at the southwest corner of Monument Circle and Meridian Street.
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 Indiana Court of Appeals upheld a ruling Wednesday that Carmel Clay Schools did not violate Indiana’s “dollar law” when it closed an elementary school and refused to sell the building to a charter school.
Shin Dig restaurant is expected to open by fall in the North Mass corridor southeast of the I-70/I-65 north split.
Plaid & Pearls Coffee Lounge will take over the former location of Pearings Cafe & Frozen Yogurt at 6 W. Washington St.
Stehr has jumped into the job with a big-picture vision for addressing how to develop the land just south of Zionsville’s gingerbread-like downtown.
Terminus is one of several elements of the $300 million Hobbs Station project, which will include housing, retail and office uses. The CEO of Terminus developer HSA Commercial Real Estate hopes the mix will attract tenants in sophisticated industries such as biotech.
Black Circle Audio will take over a 99-year-old brick structure south of Brookside Park that once was home to American Legion Post 465.
John Stehr is planning a public outreach tour throughout Zionsville to explain his plan for a 160-acre, $250 million development south of the town’s quaint, historic downtown.
Louisville-based Wild Eggs breakfast and brunch chain plans to double its presence in central Indiana by the end of 2024.