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StreetLinks plans to move 200 employees downtown

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Indianapolis-based StreetLinks Lender Solutions plans to relocate its headquarters and about 200 employees from the far south side to downtown.

The company will lease 25,000 square feet on the 68,000-square-foot ground floor of the $30 million Artistry project under construction at 451 E. Market St., developer Milhaus disclosed Tuesday.

StreetLinks, which sells real estate appraisal management services and software, plans to make the move from 7551 S. Shelby St. in the spring.

The five-story mixed-use Artistry development includes commercial space, parking and residential amenities on the ground floor, and apartments on the upper floors. Milhaus plans to start a second phase for Artistry in May. 

Milhaus said the space reserved for StreetLinks will feature significant frontage on Washington Street.

StreetLinks has about 400 employees overall, company President Tom Hurst said. Most of the employees are split between Indianapolis and Tampa, Fla., with a handful in a Milwaukee office, he said. Hurst said the company's lease on Shelby Street is expiring, giving it the opportunity to seek new space.

“Indianapolis has always been our home. However, this is the first time we’ve been able to seriously consider the downtown market,” Hurst said in a written statement. "A traditional downtown high-rise just doesn’t fit who we are as a company. Artistry offered the unique feel and cultural vibe we were looking for, along with fantastic proximity to downtown residential options and entertainment.”

The company was formed in 2008 when Kansas City, Mo.-based subprime lender NovaStar Financial Inc. paid $750,000 in cash and a portion of future profits to acquire control of Indianapolis-based PipeFire LLC and rename the business StreetLinks. NovaStar, now named Novation Cos. Inc., is still the parent company.

StreetLinks has been expecting growth since it opened in 2008, but its local employee count has changed little.

In 2011, the Indiana Economic Development Corp. said the company had 400 local employees and would add 150 more by 2013 in exchange for $950,000 in performance-based tax credits and $40,000 in training grants.

Hurst said only 200 of those employees were in Indianapolis at the time of the agreement. He said the company probably won’t meet the job-creation requirements to receive those incentives.
 

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  • headcount
    They did a mass layoff in Indianapolis and Tampa today so now they have even fewer employees.
  • IEDC foul-up
    It sounds like IEDC is making deals without knowing the facts about how many local employees companies have. IEDC makes a deal based on them retaining (and adding to) their 400 local employess, but Streetlinks says they only had 200 to begin with. Who screwed up?

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  1. By the way, the right to work law is intended to prevent forced union membership, not as a way to keep workers in bondage as you make it sound, Italiano. If union leadership would spend all of their funding on the workers, who they are supposed to be representing, instead of trying to buy political favor and living lavish lifestyles as a result of the forced membership, this law would never had been necessary.

  2. Unions once served a noble purpose before greed and apathy took over. Now most unions are just as bad or even worse than the ills they sought to correct. I don't believe I have seen a positive comment posted by you. If you don't like the way things are done here, why do you live here? It would seem a more liberal environment like New York or California would suit you better?

  3. just to clear it up... Straight No Chaser is an a capella group that formed at IU. They've toured nationally typically doing a capella arangements of everything from Old Songbook Standards to current hits on the radio.

  4. This surprises you? Mayor Marine pulled the same crap whenhe levered the assets of the water co up by half a billion $$$ then he created his GRAFTER PROGRAM called REBUILDINDY. That program did not do anything for the Ratepayors Water Infrastructure Assets except encumber them and FORCE invitable higher water and sewer rates on Ratepayors to cover debt coverage on the dough he stole FROM THE PUBLIC TRUST. The guy is morally bankrupt to the average taxpayer and Ratepayor.

  5. There is no developer on the planet that isn't aware of what their subcontractors are doing (or not doing). They hire construction superintendents. They have architects and engineers on site to observe construction progress. If your subcontractor wasn't doing their job, you fire them and find someone who will. If people wonder why more condos aren't being built, developers like Kosene & Kosene are the reason. I am glad the residents were on the winning end after a long battle.

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