Carmel

Carmel developer pitching $150M Midtown plan

September 15, 2014
Andrea Muirragui Davis
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
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Hamilton County communities battle tax appeals

September 13, 2014
Andrea Muirragui Davis
Carmel, Fishers and Noblesville are trying to head off appeals that cause tax revenue to come in lower than expected, especially for projects within tax-increment-financing districts.
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Ideal owners needed for tricky north-side properties

September 6, 2014
Andrea Muirragui Davis
Size and age complicate the sale of several prominent structures in Boone and Hamilton counties.
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Appeals court finds for employee in fight over non-compete pact

August 29, 2014
Jennifer Nelson / The Indiana Lawyer
An Indiana man who joined a competitor immediately after his employment ended at a Carmel-based company did not violate a non-compete agreement, the Indiana Court of Appeals ruled Thursday.
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HQ move earns pharma firm another tax break

August 27, 2014
Andrea Muirragui Davis
A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.
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Feds' new data adds shine to Hoosier incomes

August 23, 2014
Norm Heikens
In April, the U.S. Bureau of Economic Analysis began considering cost of living alongside the stew of income figures it has long collected, and the new, adjusted income numbers make both the metro area and the state look like better places to live.
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Baldwin & Lyons' profit surges on big investment gains

August 7, 2014
 IBJ Staff
Of the insurer's $9.3 million in profit in the second quarter, only $4.1 million was attributed to its core operations.
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Clay Township sewer-overflow project halted

August 1, 2014
Dennis Barbosa
The Clay Township Regional Waste District on Wednesday withdrew its offer to buy part of a church's land and build a million-gallon sewage-overflow tank near 106th Street and Keystone Parkway.
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Grand Park helps Hamilton County hotels run up score

July 31, 2014
Andrea Muirragui Davis
Hotel business is booming in Hamilton County, with mid-year occupancy up 9 percent from the first half of 2013. Open since March, Westfield's massive Grand Park Sports Campus has thrown its weight behind the surge.
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Church wants to put sewer-overflow plan on hold

July 29, 2014
Dennis Barbosa
A Carmel church is asking a Clay Township utility to withdraw its offer to buy part of the church's land for a sewer-overflow tank so that church officials can conduct research and meet with neighbors for input.
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Carmel budget hawks want harder line on deals with developers

July 26, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission’s 2014 revenue is estimated to exceed expenses by less than $100,000—a narrow margin for an agency with annual debt payments totaling $17.5 million.
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Developer seeks $11.5M subsidy for Carmel project

July 21, 2014
Andrea Muirragui Davis
Edward Rose Development Group is asking the city to issue tax-increment financing bonds to help pay for a parking garage and infrastructure in an $80 million project it's planning.
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Report: Carmel panel may face TIF shortfall but can pay debts

July 17, 2014
Andrea Muirragui Davis
New financial projections suggest the Carmel Redevelopment Commission will have enough annual revenue to pay its debts for the next 15 years before dipping into reserves. But property taxes from the city’s two-dozen TIF districts could fall more than $1 million short as soon as next year.
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DINING: Pint Room taps into Carmel's burgeoning burger market

July 12, 2014
Lou Harry
Is it better than Bub's? Livelier than Scotty's? I dodge both questions.
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Carmel developer sinks $66M into four senior communities

July 8, 2014
Scott Olson
Leo Brown Group opened two facilities in Indianapolis and Avon in June, and has started construction on two similar projects in Ohio and Kentucky.
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Carmel retailers play defense against U.S. 31 construction

June 19, 2014
Andrea Muirragui Davis
Business has skidded for some eateries along the corridor as work crews transform it into a limited access highway. Proprietors are reaching out to customers with promotions but gripping the bottom line.
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Faucet maker Delta changes presidents

June 11, 2014
Dan Human
Carmel-based Delta Faucet Co. has a new president after a pair of promotions by parent company Masco Corp., the companies announced.
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Pedcor angling for $16M subsidy for City Center expansion

May 31, 2014
Andrea Muirragui Davis
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
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DINING: Locally owned, fast-fired Coalition comes together in Carmel

May 31, 2014
Lou Harry
I never tire of pizza. And there are enough subtle and not-so-subtle variations on the American/Italian staple that it never seems to get boring.
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Carmel selling vacant land in Old Town neighborhood

May 14, 2014
Andrea Muirragui Davis
The Carmel Redevelopment Commission is accepting offers for an undeveloped parcel of land in the city's resurgent Old Town neighborhood, near a planned expansion of a popular subdivision.
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Baker's Edge founders to test 'Shark Tank' waters

May 8, 2014
Andrea Muirragui Davis
Carmel residents Matt and Emily Griffin can expect to see a big burst in sales of their innovative brownie pan after they appear in front of celebrity entrepreneurs on ABC-TV's hit show later this month.
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Drivers brace for U.S. 31 closure near Indianapolis

April 2, 2014
Associated Press
Residents and businesses in the northern suburbs of Indianapolis are preparing for the start of an eight-month closure of U.S. 31 as part of the project upgrading it to interstate standards.
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Suburban news pubs headed for more mailboxes

March 17, 2014
Chris O'Malley
Following the recent launch of magazine-style community newsletters in four more northern Indy communities, TownePost plans to add Greenwood to its stable.
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Palladium construction lawsuits costing panel millionsRestricted Content

March 15, 2014
Andrea Muirragui Davis
The cash-strapped Carmel Redevelopment Commission has spent more than $6 million since 2009 “responding to, defending and settling” legal claims from contractors involved in construction of the city’s Palladium concert hall.
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Village of West Clay developer suspending operations

March 12, 2014
Andrea Muirragui Davis
Brenwick Development Co. claims a switch in lenders has halted about $7 million in land sales in the mammoth mixed-use community in Carmel. The firm has filed suit against the banks.
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