DEC. 22-28, 2023
The plan to draft Hendricks Commercial Properties for the redevelopment of struggling Circle Centre Mall was hatched in mid-2022 in hopes of breathing new life into the site. Reporter Mickey Shuey, who broke the story about the final deal, has all of the details behind the planned $600 million overhaul. Also in this week's issue, Daniel Bradley asks Jim Brainard to reflect on his 28 transformative years as Carmel's mayor. And Susan Orr reports that the founder of a real estate company with seven Indianapolis-area retail properties totaling nearly 500,000 square feet is facing federal allegations that he committed a $35 million fraud.
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SEC accuses retail centers’ owner of fraud
The founder of an Arizona real estate company with scores of retail centers across the country—including seven in the Indianapolis area with a total of nearly 500,000 square feet—is facing federal allegations that he committed a $35 million fraud.
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Jim Brainard looks back on 28 years as Carmel mayor
Brainard, 69, announced in September 2022 that he would not seek an eighth term. Sue Finkam, a Republican member of the Carmel City Council, will succeed him on Jan. 1.
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Gubernatorial candidate Suzanne Crouch wants to stand out in the crowd
If Crouch wins the primary, she will be the first woman to nab the Republican nomination for governor. No woman has ever held the state’s top elected office.
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New city-county councilors eager to tackle Indy’s challenges
Six Democratic councilors-elect, and one Republican, make up the freshman class that will take office Jan. 1. Democrats will have a 19-6 majority on the Indianapolis City-County Council.
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Derek Schultz: Scintillating Sycamores could be next Cinderella
Indiana State got off to a 10-1 start, riding its longest winning streak (nine games) since the halcyon days of the legendary Larry Bird.
Read MoreIndiana 250: Craig Huse
Craig Huse is leading his family’s business as it transitions from an organization built around its highly regarded downtown restaurant, St. Elmo Steak House, into a regional restaurant operator and specialty food and beverage retailer. Its third 1933 Lounge is under development, joining three Indianapolis Harry & Izzy locations and the HC in Fishers. Expansion […]
Read MoreMade in Indiana: Chevrolet Silverado pickup trucks by General Motors
History: The Chevrolet Silverado, the second-most-popular pickup truck in America last year, is made at General Motors Co.’s Fort Wayne Assembly Plant. The 3-million-square-foot facility was built in 1986 and today employs nearly 4,000 people. GM has invested $1.2 billion in the plant, which recently celebrated manufacturing its 10 millionth truck. In June, GM announced […]
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Hendricks strikes deal to acquire Circle Centre, plans $600M redevelopment
The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
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Community Health agrees to pay $345M to settle ‘false claims’ lawsuit
Community Health Network has agreed to pay the United States government $345 million to settle allegations that it engaged in a years-long scheme to recruit physicians and pay them huge salaries and bonuses in return for “downstream referrals” on medical procedures.
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Carmel City Council passes 35% water rate hike, 20% sewer rate increase
City officials said the hikes were necessary to pay restructured debt on the consolidation of Carmel’s water services and for future expansions of sewer lines.
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Editorial: Circle Centre redevelopment promises to transform downtown
The Hogsett administration, the Indiana Economic Development Corp., the mall owners and Hendricks Commercial Properties are all to be commended for putting the mall properties on a better path.
Read MoreLesley Weidenbener: IBJ’s 2024 awards season is underway
We’re looking for nominees whose accomplishments exceed both expectations and the accomplishments of the people around them.
Read MoreDavid Rosenberg: Generational change requires bold vision, daring moves
The IEDC has faced its share of criticism. But as I reflect on these trials in the face of all that we’ve achieved, we are championing the future for all the right reasons.
Read MoreMark Williams: Let’s continue important conversation about creativity
We’re beginning a conversation that doesn’t assume that economics and creativity live in separate worlds. On the contrary, any successful businessperson will tell you that creativity is essential to success.
Read MoreJalene Hahn: Breaking the paycheck-to-paycheck financial struggle
While it is true a high income can go further than a low income, financial stability is ultimately determined by your spending choices.
Read MoreGarrett Mintz: The tool helping employers increase happiness
One finding is that work orientation is fluid, meaning it can change over time.
Read MoreCecil Bohanon and John Horowitz: Humility, competitiveness actually go hand-in-hand
Actually, being genuinely humble complements being competitive.
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Two Chicks District Co. shop shifting from Bates-Hendricks to Noblesville
“Good Bones” co-star Mina Starsiak Hawk credits a business owner in Noblesville for successfully promoting the suburb.
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IEDC touts record-breaking year for economic development
The state’s job-creation agency says it secured $28.7 billion in new capital expenditures in 2023, a 29% increase over the the previous year. But some of the projects on the list are yet to be announced.
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INDOT gifting biodiverse 10-acre property to Central Indiana Land Trust
The piece of land in Hancock County known as Founders Fen is home to numerous indigenous and rare plants, including the state-endangered Canadian burnet along with the Indian plantain, queen of the prairie and the white turtlehead.
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Nordstrom Rack store planned at Noblesville’s Hamilton Town Center
Nordstrom Rack is the off-price retail division of Nordstrom, and carries merchandise from Nordstrom stores and Nordstrom.com at discounted prices.
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Indianapolis tech startup Arrive to go public via merger
Indianapolis-based Arrive, which did business as DroneDek until a rebranding earlier this year, offers smart mailboxes for package delivery.
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