Insurer lending $7M for east-side Super Bowl project
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
The aim is to spur redevelopment on the city’s blighted near-east side before the 2012 Super Bowl is played in Indianapolis.
More than a dozen people spent the night in an east-side Indianapolis motel after fire and smoke forced them from their East
Washington Street apartment building. Eleven residents of the Washington Arms Apartments were treated for smoke inhalation
Sunday after fire broke out in the basement and spread. When firefighters arrived, they found several residents hanging out
of upstairs windows. No serious injuries were reported. Damages are listed at $100,000.
Companies hired by the courts to manage properties in financial distress are benefiting as the number of such properties grows.
The Red Cross is assisting six families forced out of their apartments by fire. The Fishers Fire Department responded at about
9:45 Monday night to reports of a first-floor fire at the Deerbrook Apartments near Allisonville Road. They put it out, then
used thermal imaging and other tests to make sure it had been extinguished. They were called back at 11 p.m., however, after
the fire reoccurred. About half the apartments in the 16-unit building suffered fire and water damage.
Renovation of apartment building owned by the Indianapolis Housing Agency will have to wait, after it failed to receive the
necessary federal backing to fund it. Three other IHA projects, including Caravelle Commons, will move forward, however.
The new owners of the eight-story condo project formerly known as 707 East North Street have set an opening target of June
for what will be known as 707 North Apartments.
Indianapolis police are looking for information about a shooting that injured a man sitting in a car outside Mallard Cove
Apartments on North Shadeland Avenue just before 10 p.m. Sunday. The unidentified victim is expected to survive, according
to reports, but police don't have anyone in custody. Investigators have not released information on a motive. Fox59 will
have more at 4 p.m.
Thirteen years after Mayor Jim Brainard first described his vision for a new downtown along Range Line Road, Carmel City Center
is starting to look like a city.
Owner of Flaherty & Collins’ apartment complex in Raleigh seeks to reorganize debts related to a $24.8 million loan. It’s
the second Flaherty & Collins project in North Carolina to fall into bankruptcy in six months.
Fire crews spent more than an hour this morning putting out a fire at a Brownsburg apartment complex. Several apartment units
were damaged as flames spread from one roof to another on Windhaven Court at the Brownsburg Crossing Apartments. Flames and
smoke could be seen for miles, according to witnesses. One firefighter suffered minor injuries.
Renovation work finally has begun on the Penn Arts building at 16th and Pennsylvania streets.
Company news
A federal judge in Minnesota rejected Guidant Corp.'s guilty plea to charges it hid defects in heart
defibrillators, after some doctors and patients complained about the deal, Bloomberg News reported. Guidant is a coronary
products company spun off from Indianapolis-based Eli Lilly and Co. in the 1990s and acquired by Boston Scientific
in 2006. Boston Scientific agreed to plead guilty and pay $296 million to settle the case brought by the U.S. Department of
Justice. But U.S. District Judge Donovan Frank suggested the company should be placed on probation for failing to disclose
defects with its heart devices to regulators. Prosecutors said in court papers that Guidant officials learned as early as
2002 that some of the implantable defibrillators had a tendency to short-circuit and caused users’ deaths. The company
didn’t disclose the defects for more than three years, the government said.
The first phase of a $65 million expansion opened Tuesday at Marquette, a retirement facility located south
of St. Vincent Hospital on Township Line Road. The expansion is designed to appeal to more active seniors, and includes a
bistro, performing-arts venue, a putting green and exercise facilities with a full-time trainer. A second phase of the expansion,
to be completed later this summer, will include 48 apartments.
The Health Foundation of Greater Indianapolis gave $1 million to Wishard Health Services
to help it purchase software to better coordinate care for pediatric asthma patients. The program provides coaching and educational
materials for children with asthma in coordination with their primary-care providers, including school clinics. The software,
known as RelayHealth Virtual Information Exchange, will electronically deliver patient-education materials to patients in
the pediatric asthma program, with easy-to-understand illustrations and animations. Eventually, Wishard hopes to use the software
to allow patients to schedule appointments, obtain prescription refills and have electronic visits with health care professionals.
The Lifeline helicopter medical service is starting to replace the aircraft it uses for emergency flights across much of
Indiana, according to the Associated Press. Indianapolis-based Clarian Health is buying four new helicopters
to replace aging ones. Lifeline program director Shelly Maersch says the new helicopters will have safety enhancements, with
the pilots being able to use night-vision goggles. The new helicopters also will allow for rear loading and not vibrate as
much. The first new helicopter will be stationed at Howard Regional Hospital in Kokomo. Lifeline also has regional bases in
Lafayette, Muncie, Columbus and Terre Haute.
Two women were hospitalized after a two-alarm fire brought traffic to a halt on North Meridian Street in Indianapolis on
Wednesday morning. Sharon Jones , 40, was listed in critical condition at Wishard Memorial Hospital and Mercedes McKee, 18,
was listed in stable condition at Methodist Hospital after fire gutted the Oxmoor Apartments at 3640 N. Meridian St. The building
is a total loss, with damage estimates listed at $1.2 million.
Renovation work finally has begun on the building at 16th and Pennsylvania streets. Developer Christopher Piazza found two
equity partners for the project because banks were unwilling to lend.
Police are looking for two armed men who broke into a unit at Lakeshore Apartments in Castleton early this morning, then took
off with two other men in a maroon Ford Expedition. Police say men wearing black hoodies and carrying handguns broke into
the apartment at about 12:30 a.m. and ordered about five people there to the floor. One of the suspects hit a man in the head
with a gun. The intruders left in a panic after the break-in and nothing was stolen, police say. Fox59 will have more at 4
p.m.
The addition of an underground parking garage is likely to get Trail Side off the drawing board and under construction.
US Airways is struggling to explain how a checked bag ended up in a retention pond 24 miles southeast of the Indianapolis
International Airport. Passenger David Dever said he waited in baggage claim Sunday night until he could wait no more. He
took a taxi home, because his car keys were in the missing luggage. The next day, his bag was found in a retention pond at
the Sundance Apartments off Southport Road. Dever said a couple of children's gifts from his trip to New York City were
missing, as well as a pair of running shoes. Airport police and US Airways are investigating.
Investigators are gathering clues after another fire at the Nottingham Village Apartments on the east side of Indianapolis.
Flames shot out of a vacant building in the complex just after 4 a.m. Thursday. The complex has experienced several fires
recently, including one that heavily damaged a building last week. Investigators have not ruled out arson. None of the fires
have resulted in injuries. Fox59 will have more at 4 p.m.
Work could begin this fall on $10 million Trail Side complex.
A seven-hour SWAT standoff at the Westminster Apartments in Greenwood ended Monday morning after Bradley Hines fatally shot
himself in the head, authorities say. Hines barricaded himself inside his apartment about 10 p.m. Sunday after police responded
to a domestic violence call. Neighbors say Hines had been drinking all day, beat his girlfriend, then fired at least one gun
shot. SWAT members were called in for negotiations. Fox59 will have more at 4 p.m.