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Articles

2023 Newsmaker: Finkam wins Carmel mayoral election to succeed Brainard

December 29, 2023 | Daniel Bradley

Sue Finkam, a three-term member of the Carmel City Council, will succeed Republican Mayor Jim Brainard, who reshaped the Hamilton County city over his seven terms in office.

Carmel to see flurry of completed real estate projects in 2024

December 28, 2023 | Daniel Bradley

Multiple new developments in Carmel are set to open in the coming months, adding to the city’s lineup of real estate projects that combine residential, business and retail spaces.

Jim Brainard looks back on 28 years as Carmel mayor

December 22, 2023 | Daniel Bradley

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.

Carmel completes set of jazz musician sculptures for $430,000

December 22, 2023 | Daniel Bradley

The lifelike sculptures by the late New Jersey-based artist J. Seward Johnson will be arranged on a concrete platform on the west side of the Palladium performing arts center.

Carmel parks board says city is improperly diverting funding

December 21, 2023 | Daniel Bradley

A dispute between unlikely parties is playing out in Hamilton County Superior Court over how Carmel should fund parks and other public greenspaces.

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Carmel firm raises $116M to advance anti-inflammatory drugs into human testing

December 20, 2023 | John Russell

The investment in Sudo Biosciences, a three-year-old Carmel biotech, is one of the largest in recent years for an Indiana-based science startup, a signal that investors are attracted by its work on a class of drugs to treat autoimmune and inflammatory diseases.

Carmel City Council passes 35% water rate hike, 20% sewer rate increase

December 18, 2023 | Daniel Bradley

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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Carmel unveils ‘Flower District’ on city’s west side

December 14, 2023 | Daniel Bradley

The triangular Flower District is bordered by Pennsylvania, Old Meridian and Main streets and extend east to Guilford Road.

Carmel Center Apartments complex sells for nearly $82M

December 7, 2023 | Daniel Bradley

The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.

Ash & Elm Cider Co. planning expansion into Carmel with restaurant, tasting room

November 30, 2023 | Daniel Bradley

Ash & Elm’s planned 3,500-square-foot location, part of a multi-phase development by Carmel-based Old Town Cos., will be the company’s second restaurant and tasting room when it opens in spring 2024.

Mix Food Hall closes at Kroger stores in Carmel, Fishers

November 29, 2023 | IBJ Staff

Mix Food Hall locations, which offered menu items from several restaurants and filled them through online ordering, have shut down less than a year after opening in Hamilton County.

Developers planning $450M in apartments, townhouses, condos, retail in Carmel over two projects

November 21, 2023 | Daniel Bradley

The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.

Carmel City Council mulling 20 mph roundabout speed limit

November 20, 2023 | Daniel Bradley

City Council President Jeff Worrell said Monday that a ride with Carmel traffic officers last week convinced him it would be possible to enforce a roundabout speed limit.

Carmel sanitizing device maker 3Oe Scientific files for bankruptcy

November 14, 2023 | John Russell

The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals.

Carmel condo at top of City Center could fetch up to $7.5M

November 9, 2023 | Daniel Bradley

The SkyPalace has five bedrooms, a room with three bunk beds, a rooftop pool, eight parking spots, three private entrances, two hidden passages, a safe room, a sauna, three fire pits, three outdoor grilling areas and a bar.

ELECTION UPDATES: Whitfield declares victory in Lawrence; Hogsett winning big; Finkam wins in Carmel

November 7, 2023 | IBJ Staff

Results have begun to roll in for the Carmel mayor’s race. Meanwhile, supporters of Indianapolis Mayor Joe Hogsett and other Democratic city-county candidates are gathering at the Kountry Kitchen soul food restaurant to await the vote tallies. The Heirloom at N.K. Hurst is the site of the Republican gathering for mayoral candidate Jefferson Shreve and his supporters.

Republican Sue Finkam wins race to succeed Brainard as Carmel’s mayor

November 7, 2023 | Daniel Bradley

With a majority of precincts reporting, Finkam was leading with 54% of the vote and was preparing to take the stage at 8:30 p.m. to declare victory.

High-end Proscenium apartment property in Carmel changes hands

November 2, 2023 | Daniel Bradley

A 196-unit mixed-use apartment and retail development in Carmel has been sold in a deal brokers called one of the most notable—and complex—sales of the year in the metropolitan area.

Carmel Mayor Brainard endorses Sue Finkam in election

October 31, 2023 | Daniel Bradley

Finkam is competing against Democrat Miles Nelson in Carmel’s mayoral election. The winner in the election on Nov. 7 will take office Jan. 1.

Carmel Christkindlmarkt announces new food, events for 2023

October 30, 2023 | Daniel Bradley

Opening day for the German-themed Christmas festival and the adjoining public skating at the Ice at Carter Green is set for Nov. 18.

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