A prominent 11-acre site near I-465 and U.S. 31 in Carmel is now on the market for $16.7 million, a price that equates to around $1.5 million an acre. Listing agent Michael B. Drew of Colliers Turley Martin Tucker said the prime piece of property near the intersection of 96th Street and U.S. 31 could […]
The Carmel Clay school board tonight will discuss ways to cut $1.85 million from next year’s budget. One option under consideration is slashing teacher positions.The meeting will start at 7 at the school district’s administrative offices, 5201 E. 131st St. Fox 59 will have more at 10 p.m.
The Carmel City Council has approved a $20 million floater loan to keep the Keystone Avenue project moving. The chief engineer had asked for an additional $8 million to turn six intersections along Keystone into roundabouts, but that request was not approved. Last night’s meeting got heated when one of the councilors accused Carmel Mayor […]
Carmel officials are expected to vote tonight on a controversial plan to spend $20 million on a plan to turn six intersections along Keystone Avenue into roundabouts. The original price tag for the project was $90 million, but Carmel Mayor Jim Brainard later called for an additional $50 million to fund the construction. Tonight, the […]
The Carmel Clay School District is looking for ways to trim millions of dollars from next year’s budget. Administrators revealed a plan for across-the-board cuts totaling $1.85 million. The plan would mean layoffs for a number of teachers, including several in the foreign languages. Other instructors would be paid more to teach an extra class […]
Carmel’s plans for a total of 60 roundabouts by 2011 drew gasps of admiration from the crowd at this year’s National Roundabout Conference. And ultimately,…
A Carmel startup that hopes to research drug components here and make them in China has just raised $12 million in venture capital-despite the recession and a deep freeze in financial markets. The founder of 2-year-old Waterstone Pharmaceuticals Inc. is Chinese native Faming Zhang, 44, a former Eli Lilly and Co. executive and Indiana University […]
The Hot Box pizza chain has reached a deal with a pair of veteran local restaurateurs to open two new locations in Carmel. The first, scheduled to open in January, will…
Software Engineering Professionals Inc. intends to spend $7 million on an expansion will result in hiring nearly 90 employees in addition to its existing roster of 71, Indiana Economic Development Corp. announced today. The Carmel company, which develops enterprise and Web-based software for aerospace, medical, defense and automotive customers, plans to finish the expansion within […]
Carmel resident Scott Drew has been indicted by a grand jury in Los Angeles for allegedly taking part in a scheme to secretly rehire workers of Ralphs Grocery Co. under false names and Social Security numbers. The 47-year old, now a vice president at Kroger Co., was an executive at Compton, Calif.-based Ralphs when he […]
A local candy maker has found the sweet spot in an industry where startup efforts often go sour. Founded in 2006, Carmel-based
Candy Dynamics is making a name for itself with its unusual "double-action" sour recipe, eye-catching packaging
and unforgettable names like Toxic Waste Hazardously Sour Candy, Nuclear Sludge and Hi-Voltage Bubble Gum.
The golden dome that sits atop Holy Trinity Greek Orthodox Church under construction in Carmel provides a curious sight for those in central Indiana. But what is even more unusual about the massive structure underneath the dome is a Sixth Century Byzantine design like no other in the world. “There’s no design like this in history, and it’s never been built before,” said San Francisco architect Christ [pronounced Chris] Kamages, designer of the church. His CJK Design Group specializes in…
Carmel startup wades into Florida hurricane market Firm pioneers product to cover insurance deductibles The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to…
The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to cover hurricane deductibles-to Florida insurance agents. “We’re really at the very beginning of this….
Indianapolis-based Pharmakon LTC Pharmacy Inc. will pay an average of $50,000 a year to each of the 52 employees it plans to add in the next five years. The institutional pharmacy will move to a larger headquarters and warehouse in Carmel as part of its expansion, Indiana Economic Development Corp. said today. The $1.2 million […]
Just a few years ago, Carmel businessman Edward Okun was living the high life. By last year, his personal holdings had grown to include four mansions, a helicopter, three airplanes, 20 automobiles, and a 130-foot yacht. Today, Okun is in a Virginia jail, is represented by a public defender, and faces the prospect of spending the rest of his life behind bars. And, angry investors say, rightfully so. They charge-and government investigators agree-that Okun financed his lavish lifestyle by misappropriating…
Carmel’s play for the arts Some fear it will come at Indianapolis’ expense The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String […]
The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…
In terms of eco-friendliness, few homes in central Indiana boast much more than a high-efficiency furnace or low-flush toilet. But a Carmel-based custom-home builder is so certain the region is ready to embrace the green movement that he is willing to risk investing in a residential community designed to achieve national environmental recognition. Frank Redavide, president of Castalia Homes LLC, is finalizing financing for the project and plans to start construction within 60 days. The 144-lot development, called Villages of…
Locally based Browning Investments plans to develop a 20-acre mix of hotels, office buildings, a medical center and retail space on a vacant former church property along North Meridian Street in Carmel. Browning hopes to break ground this summer on the $10-million project, which will include a hotel built by Dora Brothers Hospitality Corp. The […]
