Study finds housing costs detrimental to Hamilton County workforce needs
A family earning $97,920 can afford only 28% of new homes in Hamilton County and 12% of current listings, according to the study.
Carmel
Articles
Two contested seats in play for Hamilton County Council in May primaries
Four Hamilton County Council races are on the ballot for the May 3 primary, but only two will be contested when voters go to the polls.
Two Carmel companies planning HQ in new Arts & Design District building
Studio M Architecture & Planning and engineering firm KBSO Consulting LLC will co-own the $9 million building called The Collective at Midtown.
Customers to exercise under retractable roof at planned Carmel fitness center
Ozwell Fitness will feature a 2,600-square-foot retractable dome roof that will allow customers to exercise outdoors.
Carmel replacing grass with artificial turf at Midtown Plaza
The $147,238 project comes after the city had trouble growing natural grass. The turf, once installed, will have a natural grass appearance and “be cushioned for delicate joints,” the city says.
Carmel council OKs $180K purchase of two racially diverse sculptures
The appropriation on top of next year’s requested $1.3 million for public arts will purchase the city’s first statues from the J. Seward Johnson collection featuring people of Black and Indian descent.
Prodigy Burger Bar’s growth plans include two former Stacked Pickle sites
Prodigy Burger Bar, which is under new ownership, is set to open its second Indianapolis-area restaurant this weekend, plus two more by the end of the year. Long-term plans include several more locations.
Chicago-based pizza chain Lou Malnati’s to open in Carmel this fall
The company also plans to open a location in Broad Ripple next year, but the opening date for a previously announced 86th Street location is uncertain.
Joella’s Hot Chicken coming to Westfield’s south side
The chicken chain is in the midst of doubling in size. The new location will be its fourth in Indiana.
Needler’s to bridge Carmel’s grocery gap in former O’Malia site
The grocer and the property owner also plan to invest between $5 million and $6 million to update the facade of Brookshire Village Shoppes with a more modern aesthetic.
Condos are in the works for Carmel’s central core
City officials have long sought to diversify housing options by introducing for-sale condominiums and town houses into a market saturated by hundreds of high-end apartments.
Carmel-based builder that launched during recession just keeps growing
Old Town’s sister companies are continuing to develop projects in Carmel, working on a large mixed-use development that will help transform downtown Westfield, and expanding their reach into West Lafayette, where the company is part of a $1 billion project being constructed next to Purdue University’s campus.
Private equity firm to buy Carmel-based Orchard Software, fund growth
Founded in 1993, Orchard has grown to become the seventh-largest software development firm in the Indianapolis area, with 275 employees and $40 million in revenue for 2018.
KAR leader Hallett ‘extremely happy’ with spinoff of IAA business unit
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
Wedding-venue chain founder must fork over cash amid fraud claim
An entrepreneur accused of running a Ponzi scheme to expand a network of luxury event venues was ordered to surrender a chunk of proceeds from the sale of his $2.4 million home while retirees who invested millions of dollars in a proposed facility in Carmel pursue legal claims.
Company that proposed Carmel event center accused of fraud in federal suit
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
Two more hotels planned for U.S. 31 corridor in Hamilton County
A 99-room Avid Hotel is proposed for 13300 N. Illinois St. in Carmel, while an 84-room Staybridge Suites Hotel is planned for Westfield.
Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Carmel-based Rook Security acquired by English firm
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.
Napleton plans Kia dealership for Carmel
The dealership would be built across 96th Street from the now-defunct HHGregg store, where Napleton had previously filed plans with Indianapolis to open a dealership.