Constantino’s and City Market reach settlement
City Market has agreed to forgive Constantino’s $27,000 in unpaid rent if the meat and produce stand shuts down by Dec.
24.
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Construction
-Capitol Construction Services Inc., Fishers, has started a 5,254-square-foot tenant build-out for Encore-Sotheby’s
International Realty at 9510 N. Meridian St. The project is scheduled to be completed Jan. 8.-D.B. Klain Builders
LLC, Carmel, recently completed tenant interior renovations of 5,253-square-feet of office space at 4005 Vincennes Road. The
space is occupied by Pillow Express Logistics.-D.B. Klain Builders LLC, Carmel, recently completed tenant build
out of a1,750-square-foot office space located at 1007 3rd Ave., SW, Carmel. The space is occupied by Comm Works.EDITORIAL: Hardball tactics put City Market tenants in a bind
Mayor Greg Ballard can’t have it both ways with City Market.
SPECIAL REPORT: Financial travails dog ‘mystery man’ at helm of Premier Properties
An IBJ review of hundreds of pages of public records shows Christopher P. White and his Premier
Properties USA Inc. are facing major financial and legal challenges. The most glaring signs of trouble: Contractors have filed
more than $3.5 million in liens against Premier’s retail properties in Plainfield; the state of Indiana is trying to
recover $375,000 in sales taxes on White’s airplane; and the contractor who renovated his Lake Clearwater mansion
is suing him to recover more than $600,000 in unpaid bills.Electric car maker plans Indiana manufacturing plant
Norwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.Construction
-Hagerman Inc. has been named general contractor and MD Architects PC is the designer of a $1 million expansion and renovation of Bangs Laboratories, 9025 Technology Drive, Fishers. The project, which will add 7,500 square feet, is to begin this month and be completed by April.
-Alt Construction has started work on a 3,000-square-foot tenant build-out for Optimal Wellness at 4545 Northwestern Drive, Fishers. The project is scheduled to be completed by the end of this month.
-Alt Construction is finishing a 2,210-square-foot tenant build-out for Dr. Adam W. Brazus at 8433 Harcourt Road.
City Market gets OK to evict anchor Constantino’s
The cash-strapped, half-vacant City Market is playing legal hardball with five current or former tenants that are behind
on rent, a move that’s led to the imminent eviction of Constantino’s Market Place.Losses grow for EnerDel parent, but sales rise
New York-based Ener1 reported late Monday that it suffered a third quarter loss of $15.8 million.
CIB finances improving, though concerns remain
Approaching the end of 2009, Indianapolis’ cash-strapped Capital Improvement Board is on much more solid financial footing.
Indiana voters trending against schools in tax votes
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last
week’s referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic
times.Allen Plaza developer bullish on downtown, eager for next project
J. Greg Allen sees the $14 million Allen Plaza renovation as a message to city leaders that he intends to leave
a lasting mark on downtown.City Market board sought 3-year closure for redevelopment
Board president says he quit after Indianapolis Mayor Greg Ballard declined proposal to shut down historic landmark until
2013 for major renovation.Construction
-TMG Construction Management Inc., Noblesville, will begin construction next week of a new town hall for the town of Trafalgar.
The project, which includes a 1,000-square-foot expansion and 3,400-square-foot renovation of existing space, is scheduled
to be complete by the end of January.-TMG Construction Management Inc. has completed a 1,500-square-foot renovation
for Indy Laser Hair Removal at 55 S. Raceway Road.Wishard hopes to overcome taxpayer skepticism in referendum
Tuesday’s vote will determine if Marion County Health & Hospital Corp. can sell up to $703 million in taxpayer-backed bonds
to replace the county-owned hospital.Historic namesake for German Church Road facing demolition
Historic preservation groups are fighting to save a 1914 church at the northeast corner of Washington Street and German Church
Road in Cumberland. The congregation of St. John United Church of Christ has been working on plans to build a new church on
Carroll Road and struck a deal to sell the old one to a developer. The plans are rumored to include demolition
to make way for a CVS store.Center Township seeks redevelopment bids for former YMCA
The owner of the vacant former Fall Creek YMCA along West 10th Street is seeking bidders interested in tearing down the building
and redeveloping the prime 2-acre site.Lilly to move 1,000 from Faris campus
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate
center
by mid-2010.New Community Hospital East president pursues care for all
The new president of Community Hospital East says her job is all about health—the health of not just patients, but
the entire neighborhood.Charter school may take over rest of former Herron Art Institute
Plans for residential development on the site stalled as the housing market plummeted and recession set in.