McDonald’s burger empire set for unprecedented growth with 10,000 new stores
Ahead of a day-long event for investors, the Chicago burger giant said Wednesday that it aims to have 50,000 restaurants in operation worldwide by the end of 2027.
Real Estate
Articles
zWorks to open second coworking center in Zionsville
zWorks said the location features open work areas, a large conference room, two private offices and a quiet, reservable room for meetings and calls.
Scarlet Lane Brewing to close two of five locations
Scarlet Lane Brewing announced Monday plans to close tap rooms in the Meridian-Kessler and Kennedy-King neighborhoods.
City-County Council approves downtown sports taxing district, purchase of Broad Ripple Family Center
The council also approved tens of millions of dollars in bonds to support the redevelopment of Old City Hall, a demolition of the former Jail I building and renovation of portions of the City-County Building. Also passed Monday was a plan to create a study commission on the use of artificial intelligence.
Las Vegas concept that exited Broad Ripple plans to take over former Hard Rock Cafe location
Tanya Davis plans to open a new version of Vegas Lounge & Bar on the first floor of the historic Morrison Opera Place building at 47-49 S. Meridian St.
Proposed pipeline stirs questions about who controls Indiana’s water
Consideration of a pipeline to pump massive amounts of water from Lafayette to the LEAP Innovation and Research District in Lebanon is revealing major gaps in Indiana’s water-rights laws, some stakeholders say.
U.S. home sales slumped to slowest pace in more than 13 years in October
Surging mortgage rates and rising prices are keeping many prospective homebuyers on the sidelines.
All-in cost of Pan Am Plaza hotel, convention center expansion might surpass $1.6B
The city on Wednesday and Thursday sold $581 million in bonds for the development through the Indianapolis Local Public Improvement Bond Bank, consisting of $436.8 million in tax-exempt revenue bonds for the hotel portion of the project, and another $155 million for the convention center expansion.
Indiana awards $557M for low-income housing in ‘historic’ investment
Together, the projects are expected to result in nearly 2,500 new housing units in the state.
Attorney General Rokita plans to appeal ruling backing IPS in lawsuit over $1 law
Indiana Attorney General Todd Rokita said he will appeal a Marion County judge’s ruling that grants Indianapolis Public Schools an exemption from state law requiring districts to sell closed school buildings to charter schools for $1.
RH unveils its ‘hospitality experience’ at the previously private DeHaan estate
The retailer has transformed the property at 4501 Michigan Road into a restaurant, wine bar, installations featuring the company’s furnishings and the RH Interior Design Studio.
City-County Council committee advances $37M plan to finance jail demolition, building improvements
If approved, the bonds are expected to pay for the demolition to demolish a former Marion County Jail 1 and renovate portions of the City-County Building ahead of a planned consolidation of city employees from satellite offices.
Judge grants IPS exemption from state law in sale of two closed school buildings
Indianapolis Public Schools may sell two closed school buildings without first offering them to charter schools for $1, a Marion County judge ruled on Monday.
Carmel condo at top of City Center could fetch up to $7.5M
The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.
Starbucks to launch store in Mile Square after leaving Monument Circle
The coffee shop is among several improvements planned for the 11-story office building that is headquarters to Kite Realty Group.
WeWork seeks bankruptcy in stunning fall for firm once valued at nearly $50B
The office-sharing company once seen as a Wall Street darling had promised to upend the way people went to work around the world, but is now seeking Chapter 11 protection.
New Garfield Park business Skosh seeks coffee fans, home decor shoppers
Store founder Haley Hilts describes the store as “a lifestyle studio where everything you see you can buy.” Even the coffee mugs are for sale.
Developers eyeing renters, not buyers, for new communities
Build-to-rent houses are typically built as a master-planned community with 100 to 200 houses, average monthly rents of around $2,000, and amenities.
Jury awards $1.8 billion in Realtor case, finds groups conspired to inflate commissions
The decision involves a sale’s commission, which hovers around 5% to 6% of the home sale price and is paid by the home seller both to the sellers agent and the buyers agent.
Townhome project proposed along Monon Trail on near-north side
The project would consist of 42 single-family attached homes in the Martindale-Brightwood neighborhood.