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Carmel City Council directs panel to review Hotel Carmichael cost overruns

March 3, 2020 | Kurt Christian

The Carmel City Council on Monday voted to have its four-person finance committee look into what led to $18.5 million in cost overruns on the Hotel Carmichael project. It rejected a proposal have the entire council involved in the review.

Huge cost overruns on Carmel hotel fuel questions about construction costs

February 28, 2020 | Kurt Christian

The cost of the 122-room, city-backed hotel has swelled to $58.5 million, up from $40 million when the Carmel City Council green-lighted it two years ago. Some councilors have called for an audit to dig into the details.

Developers, city partnering on major mixed-use projects in Noblesville

February 28, 2020 | Kurt Christian

Developers are teaming with the city on a $7.7 million redevelopment project along North 10th Street and a $35 million development west of Federal Hill Commons Park.

WISH-TV hires Andy Mohr pitchwoman as entertainment reporter

February 27, 2020 | Anthony Schoettle

WISH-TV Channel 8 announced Thursday it has hired McKinzie Roth as the station’s “Entertainment Insider.” Roth is known locally for appearing in TV ads for Andy Mohr auto dealerships.

Carmel-based Shepherd Financial fueling growth with acquisitions

February 27, 2020 | Kurt Christian

Shepherd Financial LLC is planning to grow its workforce by 50 employees over the next five years, tripling its statewide staff, with a majority of those hires in Carmel.

‘Andy Griffith’-inspired movie to be shot in central Indiana

February 24, 2020 | Associated Press

The project will bring Hollywood pedigree—in the form of former “Andy Griffith” stars and their children—to central Indiana.

Carmel man indicted on 28 fraud charges related to scheme using PayPal, eBay

February 21, 2020 | IBJ Staff

Tuong Quoc Ho, 32, conducted “an elaborate scheme to defraud businesses, consumers, suppliers, financial institutions, credit card holders, credit card companies, and identity theft victims for personal monetary gain,” U.S. Attorney Josh Minkler’s office said in a statement.

Historic downtown building up for sale

February 20, 2020 | Susan Orr

The building, at 42 E. Washington St., houses Gallery Forty Two art gallery and is believed to be the city’s oldest commercial structure.

Simon, other new Forever 21 owners in talks to keep most U.S. stores open

February 19, 2020 | Bloomberg News and IBJ Staff

Authentic Brands Group, Simon Property Group Inc. and Brookfield Property Partners LP have finalized their $81 million acquisition of the struggling retailer, they announced Wednesday.

Schafer Powder Coatings moving from Carmel to Whitestown

February 19, 2020 | Kurt Christian

The company, which pulled the plug on a smaller expansion last fall, was lured to Boone County by a bigger facility that will more than double its footprint.

Pulte Group seeks OK for empty-nester neighborhood in Fishers

February 18, 2020 | Kurt Christian

Pulte Homes of Indiana LLC is seeking zoning approval to build 52 single-family homes not far from Ironwood Golf Club.

UPDATE: Pier 1 files for bankruptcy protection, to close 7 Indiana stores

February 18, 2020 | Associated Press

The retailer, led by the former CEO of HHGregg, has been struggling with increased competition. It plans to close seven stores in Indiana.

Plans forming for public-private river education center at Conner Prairie

February 17, 2020 | Kurt Christian

Visit Hamilton County launched a feasibility study Thursday to determine the best way to align the county’s River Road Park, Carmel’s River Heritage Park and Conner Prairie as a river-centric district.

Indiana attorney general’s future in question if suspended

February 17, 2020 | Associated Press

Indiana House Speaker Brian Bosma, a Republican who called for Attorney General Curtis Hill’s resignation in 2018, said the prospect of an indefinite suspension causes uncertainty that he hopes the five-member Supreme Court will address in its final ruling.

An early look at Carmel Clay Public Library’s $40M main branch expansion

February 17, 2020 | Kurt Christian

Carmel Clay Public Library Director Bob Swanay is scheduled to deliver an annual report on the library’s activities Monday during the City Council meeting.

Carmel startup Shiftlab using AI platform to help companies with staffing, scheduling

February 14, 2020 | Anthony Schoettle

The software-as-a-service company, which was founded in the second quarter of last year, recently secured a local tech veteran as its CEO and hit its primary goal on its seed round of funding.

Carmel’s Midtown, City Center, Clay Terrace welcoming new tenants

February 12, 2020 | Kurt Christian

From local restaurant Garden Table to the French cosmetics shop Sephora, retailers are setting their sights on the city’s hottest shopping and dining areas.

Portillo’s plans to set up shop in Westfield

February 10, 2020 | Kurt Christian

More than two years after first entering the market to great fanfare and huge crowds, Chicago-based Portillo’s is planning a fourth restaurant in the Indianapolis area.

Editorial: Cost overruns for Carmel-backed hotel deserve deep scrutiny by city council

February 7, 2020

One point everyone can agree on is that, over the past two years, construction costs have skyrocketed, thanks to higher prices for materials and a severe labor shortage. But other developers who spoke to IBJ say those setbacks alone would not explain a nearly 50% increase in the project’s cost.

Hamilton County key to hemp supply chain

February 7, 2020 | Kurt Christian

Hemp-processing companies are investing millions of dollars into refineries across Hamilton County to close a gap in the state’s CBD supply chain.

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