Recent Blog Posts

Former Shapiro's in Carmel sells in $2.1M cash-debt deal

October 1, 2014
Comments(7)
A year after rejecting a pair of offers for the former Shapiro’s Delicatessen on Range Line Road, the Carmel Redevelopment Commission on Wednesday accepted a $2.1 million bid from principal City Center developer Pedcor Investments LLC.
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Moody's moving butcher shop to Zionsville's village

September 26, 2014
Comments(5)
Moody’s Butcher Shop closed its North Michigan Road strip-mall location last week to prep for a move to larger digs in the heart of Zionsville’s historic village business district. How is the founder of Georgetown Market involved?
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Home brewers plan to go pro in Fishers

September 25, 2014
Comments(5)
After letting their dream ferment for a couple years, two Fishers entrepreneurs are moving forward with plans to open a brewpub in the fast-growing community.
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Another indoor facility in the works for Grand Park

September 23, 2014
Comment(1)
The city of Westfield and the development team bringing its Grand Park Sports Campus to life unveiled plans Tuesday for a second year-round venue at the 400-acre complex.
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Sunrise neighbors worried about traffic, density

September 19, 2014
Comments(7)
Neighbors of the former Sunrise Golf Club property along the Monon Greenway in Carmel aren’t sold on a redevelopment plan that calls for building 149 custom homes and up to 265 apartments on the 78-acre site.
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Moving date set for historic house in Fishers

September 18, 2014
Comments(17)
A 153-year brick house in Fishers saved from the wrecking ball this summer will move a half-mile north next month, organizers said Wednesday.
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Carmel council reluctantly OKs commuter bus subsidy

September 15, 2014
Comments(7)
Carmel City Council voted 7-0 Monday to subsidize the Indy Express commuter bus for the rest of this year, but members made it clear their support was tenuous at best.
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Carmel clears path for Monon Lake housing project

September 15, 2014
Comments(2)
With neighbors pleading for more time, Carmel City Council on Monday approved a year-old rezoning request that clears the way for M/I Homes’ planned Monon Lake development just north of Interstate 465.
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Sign company plans $6M expansion, 133 new jobs in Fishers

September 15, 2014
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The Fishers Town Council is set to consider an economic development deal for growing sign company AI Innovations after a high-potential lighting firm's project fizzled.
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County hits gas on CNG pilot, shelves solar plan for now

September 12, 2014
Comments(2)
Hamilton County’s efforts to make its buildings more energy efficient is expected to reduce utility expenses $120,000 this year—enough to cover the cost of operating a compressed-natural-gas filling station to service county vehicles.
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Third specialty grocer eyes 146th Street corridor

September 11, 2014
Comments(4)
The competition among specialty grocers is heating up along 146th Street, where startup Fresh Thyme Farmers Market is planning a store less than two miles from sector stalwarts Whole Foods and The Fresh Market.
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More Carmel apartments on the drawing board

September 8, 2014
Comments(7)
An affiliate of Butler Automotive Group is asking Carmel for a zoning change that would clear the way for a 235-unit apartment complex just north of an under-construction Hyundai dealership at 96th Street and Randall Drive.
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Mortgage firm eyes long-vacant Westfield office complex

September 5, 2014
Comments(2)
Once home to the regional headquarters for telecommunications firm GTE, a long-vacant two-building office campus on U.S. 31 in Westfield is slated to get a new tenant.
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Fishers council candidate fills open seat ahead of schedule

September 4, 2014
Comments(0)
Eric Moeller was sworn as a Fishers Town Council member on Tuesday following the resignation of incumbent Renee Cox. Moeller already was unopposed in the November general election.
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British 'pigging' firm picks Fishers for regional HQ

September 4, 2014
Comments(0)
A U.K.-based firm that helps manufacturers reduce waste and cut production-changeover times is establishing its North American outpost in Fishers, taking advantage of the central location to grow its reach.
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Zionsville, Boone County offer deal to land IT staffing firm

September 3, 2014
Comments(3)
Indianapolis-based Smart IT Staffing Inc. is considering a move to Northwest Technology Center in Zionsville, where it would have room to add 85 jobs over the next five years.
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Keystone seeks $3.8M subsidy for Carmel project

August 29, 2014
Comments(12)
Keystone Realty Group is asking Carmel to issue $3.8 million in economic development bonds to help pay for parking and site work on a 5.3-acre property it plans to redevelop at the intersection of Old Meridian and Main streets.
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Noblesville signals support of State Road 37 overhaul

August 27, 2014
Comments(9)
Hamilton County Commissioners wrapped up the local-government leg of their State Road 37 road show Tuesday, asking Noblesville Common Council to consider a resolution endorsing a Keystone Parkway-like overhaul intended to ease congestion.
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Fishers redevelopment draws homegrown Pure Eatery

August 26, 2014
Comment(1)
The owners of Fountain Square’s Pure Eatery are planning to open a second location in downtown Fishers early next year. Plus: Gumbo A Go Go, Wolfies and pizza news.
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CIRTA unveils commuter-bus schedule for Fishers, Carmel

August 25, 2014
Comment(1)
Hamilton County commuters who ride the Indy Express Bus to and from downtown Indianapolis will have fewer departure options starting Sept. 2. A new schedule was released Monday afternoon.
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Plans for long-contentious Westfield corner gain steam

August 22, 2014
Comments(5)
An Indianapolis-based development group is moving forward with plans for a CVS Pharmacy-anchored commercial development at the southeast corner of 161st Street and Spring Mill Road in Westfield.
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Crowdfunding campaign seeks to move historic house

August 22, 2014
Comments(0)
Nickel Plate Arts and the Noblesville Preservation Alliance are kicking off a $115,000 crowdfunding campaign to move the historic Flanagan House in Fishers.
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Fishers OKs deal to land Sun King brewery

August 19, 2014
Comments(0)
Fishers Town Council unanimously approved an economic development deal Monday that will allow Sun King Brewing Co. to plant some of its growing business in the suburban community. Members also voted on a commuter-bus subsidy.
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Locals asked to help fund commuter-bus service

August 18, 2014
Comment(1)
Fishers Town Council on Monday is expected to consider a subsidy of up to $22,500 to keep the Indy Express commuter buses running for the rest of 2014. Carmel City Council, meanwhile, has a $30,000 grant request on the table.
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Fishers' bike-share program to start with training wheels

August 15, 2014
Comments(7)
Fishers expects to roll out a pilot bike-sharing program this month in its downtown Nickel Plate District.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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