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.
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
Store closures due to the coronavirus crisis undermined the department store chain’s parent company and its ability to get financing to continue operations.
Restaurateurs didn’t know what to expect early Monday, but patrons likely will see staff members in masks, tables spread at least six feet apart and rigorous cleaning protocols.
With its restaurants limited to drive-thru, takeout or delivery for much of March because of the virus outbreak, the burger chain saw quarterly revenue plummet by $59 million.
In addition, personal services such as hair salons, barber shops, nail salons, spas and tattoo parlors are allowed to open in 89 of 92 counties Monday—by appointment only.
This photo, taken Jan. 18, 1955, depicts the liquidation sale at the Washington Street building, which was torn down in 1959.
Stacked Pickle lists 10 locations on its website—nine in Indiana and one in Dayton.
Goodwill of Central & Southern Indiana, which has begun reopening many of its 76 retail locations where possible, is cutting costs by eliminating its three Vintage Vogue stores.
Reeling from a slowdown in sales due to the coronavirus crisis, the New York City-based burger chain says it has paused all design and construction of new eateries. The Fishers location was set to open late this year.
The $20 million project a block west of the Monon Trail would include an interior parking garage and a 2,600-square-foot rooftop deck.
Indianapolis-based Simon Property Group, the nation’s largest mall operator, reopened several dozen shopping centers across Texas, Georgia and roughly 10 other states from Friday to Monday.
The locally owned eatery and craft brewery opened in late 2014 in the former location of Blue Crew Sports Grill.
Even before COVID-19 spread, the company was struggling because shoppers were defecting to online merchants and consumer tastes were changing.
The reopening of shops—at no more than 50% of capacity—is part of Gov. Eric Holcomb’s plan to gradually relax social distancing rules over the next nine weeks.
Advocates for both low-income residents and landlords are calling for an emergency rental assistance program that would help tenants cover payments and keep revenue flowing for apartment owners.
The owner of the upscale eatery in the Keystone at the Crossing area made no mention of the coronavirus crisis in its announcement Friday, but in April it notified state officials that it had drastically cut the hours of 46 employees due to restrictions on dining.
The state is launching a marketplace for small businesses to help them acquire the face masks, sanitizer and other supplies they might need to reopen.
Rating agencies, which already ranked Steak n Shake on the lowest rungs of their creditworthiness ladders, further sounded the alarm bells in recent weeks after Steak n Shake paid off some of its debt at a discount—something a lender never would agree to if it thought it was going to be paid in full.
Advocates agree that the federal and state moratoriums are helpful, but say renters will need more help long term. Even one missed rent payment can put low-income residents so far behind they can’t recover.
