A Carmel bank planned by Tower Financial Corp. has been deferred indefinitely, the parent of Fort Wayne-based Tower Bank & Trust Co. said today. Tower said in October it would form Tower Bank of Central Indiana with $13.5 million to $15 million in capitalization. The decision to pull back was driven by “Indianapolis market conditions” […]
In the market for a 20,000-square-foot mansion with 4 bedrooms, 7 full baths and 5 partial baths? Too late! The former home of Dr. Donald Perez and his wife Karen, built in…
People on the northwest side could get another fitness option to go with a brand new Gold’s Gym that just opened near 86th Street and Michigan Road. A development fact sheet from…
The nation’s only CVS pharmacy to be build in the Art Deco style will be in The Village of West Clay in Carmel, the developer, Brenwick Development, said today. The 13,013-square-foot store is expected to open this fall.
Alliance for Cooperative Energy Services announced today that it will add 25 jobs to the 113 employed at its Carmel headquarters and spend $4 million to update equipment. Fifteen electric power cooperatives own the wholesale energy risk management and transaction executive firm, which was founded in 1999. The state is giving ACES up to $188,000 […]
A prestigious, full-service hotel soon will complement Carmel’s booming office market along North Meridian Street. A Cincinnati
developer broke ground this month on a roughly $30 million Renaissance hotel with 263 rooms and 14,000 square feet of meeting
space.
Manor Care at Summer Trace in Carmel has violated several state regulations for long-term care facilities, the Indiana State Department of Health said this morning. The Department of Health said it wants to put the facility on probation, and require the facility to hire a nurse and licensed administrator consultants. Among violations found in four […]
BHC Marketing Inc. plans to create 20 jobs in Carmel in April by opening a Midwest regional office, Indiana Economic Development Corp. announced today. Based in the Houston suburb of The Woodlands, BHC is an independent national insurance marketing organization focusing on annuities and long-term care insurance. The company said it picked Indiana for the […]
The seats in the new Carmel Performing Arts Center will be designed so music will be acoustically unaffected whether people are sitting in them or not. The walls and jutting upper-level balconies will be curved so sound waves wrap around the hall, preventing sound from becoming focused in a single spot. A suspended reflective canopy will be raised or lowered depending on the number and types of instruments being played so reverberation time stays perfect at all times, thus doing…
Oxford BioSignals Medical is expected to announce an expansion of its Carmel headquarters this afternoon, according to Indiana Economic Development Corp. Oxford has seven employees. Formed in 2000, Oxford BioSignals began its life when research scientists in the United Kingdom developed a new system to electronically monitor the performance of aircraft engines. By continuously monitoring […]
The employees of production-innovation consultant Insight2 interview customers, but they also watch and videotape them using
various products. That footage then is dissected to see how consumers deal with problems they encounter. More times than not,
the result is a new product intended to satisfy needs consumers didn’t even know they had.
A flurry of blockbuster office-building sales in central Indiana last year has led to fewer mega-deals in 2006. A $38 million sale of a Carmel office complex on Nov. 1, for example, was among the top five such transactions so far this year, but it paled in comparison to the nine-figure deals that won headlines in 2005. That’s to be expected, real estate observers say, since so much office inventory changed hands recently. And given the new persquare-foot highs set…
Four former top scientists at Eli Lilly and Co. have formed a Carmel-based company to develop diabetes therapies–a venture observers say has the potential to become the kind of blockbuster success BioCrossroads was built to stimulate.
A failed barbecue and chili cook-off backed in part by owners of locally based Dick’s Bodacious Bar-B-Q has left unpaid vendors hot under the collar. Brothers Richard and David Allen, who franchise the Dick’s concept of serving smoked, Texas-style meat, are among six partners in Bodacious Blues-B-Q LLC, which staged the May event in Carmel in 2005 and 2006. The competition racked up more than $30,000 in losses, prompting organizers to drop plans for future events and begin the process…
What do you do if you own 40 acres smack dab in the middle of one of the hottest sections of Carmel; you are literally surrounded by cookiecutter subdivisions; and developers are swarming you with offers to buy your land at $100,000 an acre? If you’re Don and Judy Carter-Evans, you say “no thank you” and work with the Indiana Department of Natural Resources to have threequarters of the acreage designated a Classified Wildlife Habitat. The Carter-Evans property is on…
A small Indiana firm is looking to become a big player in the emerging radio-frequency-identification market. Carmel-based BlueBean LLC is one of a small but growing number of firms nationally that provide consulting services to companies trying to set up systems using radio frequency identification-commonly called RFID-tags and readers. BlueBean in April acquired Mishawakabased www.rfidsupplychain.com, which sells RFID hardware and software online. The acquisition also provided BlueBean rights to a bevy of other domain names, including www.rfidhealthcare.com, www.rfidpharma.comand www.rfidfood.com. The…
Carmel water park looks to make splash by soaking up naming-rights deals Carmel Clay Parks and Recreation has a novel business plan for the $55 million Monon Center at Central Park project that includes selling sponsorships and naming rights for its 10-acre water park and other attractions, possibly even for the entire venue. The mammoth development-which will feature meeting space along with sports facilities, including the water park and fishing lagoons-is under construction and won’t open for nine months. But the…
You can add a massive retail home design and decor retail center to Pedcor Development Co.’s lengthy project list in Carmel’s downtown district. Pedcor, which is responsible for much of the development going on in downtown Carmel these days, is expected to break ground this summer on a $14 million Indiana Design Center, an 85,000-square-foot, two-story, one-stop shopping spot for homeowners and builders. An assortment of 20 to 25 retailers that sell everything from bathroom faucets to antiques is expected…
It’s the scenario entrepreneurs dream about. After just over five years in business, the founders of Carmel-based Performance Assessment Network Inc. have sold their company to a publicly traded St. Louis firm for $75 million in cash. Since PAN had only a handful of investors, its backers’ profits are enormous. What’s more, they can enjoy their payday with a clear conscience. Although PAN’s acquirer is headquartered outside state lines, TALX Corp. plans to keep growing the operation here. PAN’s executives…
