Long-vacant Carmel restaurant to become pet center
Plans are in the works to transform the former Lotus Garden restaurant in Carmel into a veterinary clinic with a pet spa, boarding facilities and a future bark park.
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Articles
Indy’s Evolution: Johnson County steps up growth chase
The county south of Indianapolis was king of the suburbs in the 1970s, but now has fallen far behind Hamilton to the north in population and income, and in recent years slipped behind Hendricks County to the west.
Pedcor angling for $16M subsidy for City Center expansion
Preliminary plans call for starting work on a parking garage and as many as three mixed-use buildings this fall, with another half-dozen projects in the pipeline.
DINING: Locally owned, fast-fired Coalition comes together in Carmel
I never tire of pizza. And there are enough subtle and not-so-subtle variations on the American/Italian staple that it never seems to get boring.
Construction
-Capitol Construction has completed a 3,000-square-foot office build-out for Lee Ford at 11595 N. Meridian St., Carmel.
-Capitol Construction has completed a 4,700-square-foot restaurant for The North End at 1250 E. 86th St.
Local 3D firm develops printer-based curriculum
To help promote interest in engineering, 3D Parts Manufacturing is working with schools to set kids loose on 3D printers. The plan also is developing into a business model.
Late Harvest chef opens barbecue joint in Nora
North End Barbecue & Moonshine, Ryan Nelson’s latest entry on the local culinary scene, offers traditional American barbecue from different regions of the country.
Developer plans housing on former Carmel golf course
Carmel-based Old Town Development LLC is planning to transform the former Sunrise Golf Club into a residential community targeting empty nesters.
Cornerstone sinks $4M into Carmel medical office building
The Indianapolis-based developer bought the building on Old Meridian Street early this year from The Spine Institute—its only tenant at the time—and now has the facility fully leased.
Apartments may be added to Noblesville mixed-use project
The developer of a commercial project planned at State Road 37 and 146th Street is seeking a zoning change to add a 350-unit apartment complex to the mix.
Construction
-Kort Builders has completed a 2,400-square-foot build-out for Coalition Pizza at 365 W. 116th St., Carmel.
-Kort Builders has completed a 3,000-square-foot build-out for Ossip Optometry at 1583 W. Oak St., Zionsville.
Leases/leasing contracts
-CISolutions leased 20,307 square feet of industrial space at 3169 N. Shadeland Ave. The tenant was represented by Bryan Augustin of Alliance Commercial Group. The landlord, First Industrial Realty Trust, was represented by Todd Vannatta of Cassidy Turley.
-3xLogic Inc. leased 14,182 square feet of industrial space at 9880-9896 E. 121st St., Fishers. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.
-Electric Power Systems International Inc. leased 4,000 square feet at the Pendleton Trade Center, 3912 Pendleton Way. The tenant was represented by Derek Menerey and Ashley Bussell of Newmark Knight Frank Halakar. The landlord, Mann Properties, was represented by Debbie Mann.
-Fishers Imports subleased the 3,500-square-foot former Key Bank branch on 126th Street, Fishers. The tenant was represented by Chris Hake of Thompson Thrift Development. The sublandlord, Key Bank, was represented by Jared Kately of JLL.
-Ultra Athlete LLC leased 3,500 square feet of office space at 11595 N. Meridian St., Carmel. The tenant was represented by Christopher Carmen of Carmen Commercial Real Estate Services Inc. The landlord, eSkye Solutions Inc., was represented by Michael Semler of Cassidy Turley.
-CIMA Energy LTD leased 2,657 square feet of space at 9245 N. Meridian St. The tenant was represented by Kelly Williams of ReMax. The landlord, Echo Associates LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-ManpowerGroup US Inc. leased 2,386 square feet of office space at 11350 N. Meridian St., Carmel. The tenant was represented by Spud Dick of Cassidy Turley. The landlord, HUB Properties GA LLC, was represented by Thomas Hadley and Matt Waggoner of Summit Realty Group.
-VFA Inc. leased 2,150 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Andrew Follman of NAI Meridian Real Estate Services. The landlord, Jim Sourwine, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
-BoMar Pneumatics leased 1,800 square feet of industrial space at 5755-5857 W. 74th St. The landlord, CrossLake Properties LLC, was represented by Todd Vannatta and Fritz Kauffman of Cassidy Turley. The tenant represented itself.
-Brew By U leased 1,600 square feet at Meridian Meadows, 3021 Meridian Meadows Road, Greenwood. The tenant was represented by Barbara Dunn-Stear of KW Commercial, Indy Metro Partners. The landlord, Meridian Meadows LLC, was represented by Keith Fried of Sitehawk Retail Real Estate.
UPDATE: ITT’s stock tumbles after report of loan losses
ITT Educational Services Inc. stock plunged more than 31 percent Thursday after it announced that it spent an extra $43.7 million in the first quarter to cover mounting losses on private student-loan programs.
Experts expect higher electric bills amid tighter pollution rules
The Energy Department predicts retail power prices will rise 4 percent on average this year, the biggest increase since 2008. By 2020, prices are expected to climb an additional 13 percent, a forecast that does not include the costs of coming environmental rules.
Lawyers fret over enforcement of advertising rules
Indiana attorneys stay up at night worrying that their ads will run afoul of state rules that they consider unclear and unevenly enforced. But there’s a solution in the works.
State giving $345K incentive to Turner for company project
The Indiana Economic Development Corp. is giving Mainstreet Property Group an economic development grant of $345,000 for the construction of a nursing home in Terre Haute that is expected to net House Speaker Pro Tem Eric Turner $1.8 million.
Roundup: 3 Sisters moving in Broad Ripple, Pizzology opens on Mass Ave
On top of that, upstart specialty grocer Fresh Thyme sets opening for its first Indiana store, while 100-year-old Brenner Luggage prepares to close one of its northeast-side locations.
Tech firm ChaCha slices 28 of its 44 employees
The Carmel-based question-and-answer service cut its 18-month-old social media division, Social Reactor, after a rate algorithm change at Google slashed the division’s revenue from advertising.
Sharks decline to take Carmel firm’s bait
Carmel-based Baker’s Edge may not have landed an investment on the season finale of ABC hit “Shark Tank,” but co-founder Matt Griffin nevertheless feels good about the experience.