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Stonegate Mortgage to relocate growing firm to Indianapolis

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Stonegate Mortgage Corp. will move its growing operation to Indianapolis in the next few months after a deal to expand in Fishers fell through.

Six months ago, the company unveiled plans to add 300 jobs by 2015 as it moved its headquarters into 29,000 square feet of office space on Crosspoint Boulevard, overlooking Interstate 69.

But Stonegate leaders were not able to negotiate an acceptable lease there. Instead, officials announced Thursday that the company has signed a deal to rent office space in the Precedent office park in Marion County.

The job-creation plans remain unchanged, Indianapolis economic development officials said in a news release. In fact, Stonegate already has begun hiring.

Develop Indy will support a local property tax abatement request to replace the 10-year, $760,000 abatement the town of Fishers had offered. Indiana Economic Development Corp. already offered Stonegate as much as $3.7 million in performance-based tax credits and $50,000 in training grants based on its job-creation plans.
 
 

 

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  • No Ones Fool
    As both Fishers and Carmel has found in the past, concessions to these type of mortgage operations are fleeting and havent delivered the benefits promised.
  • bidding war
    This location is just off 96th street, so barely in Indianapolis. Stonegate apparently played it smart in getting the two jurisdictions in a bidding war for property tax benefits.
  • Great news
    This is great news for Indianapolis. The city needs to focus on getting businesses to locate to the city (preferably downtown, but I'll take anywhere in the city limits). The time has come to recognize that suburbs aren't everything to everyone, and businesses belong int he urban core. Thanks for the great news, Stonegate!

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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