Kite Realty seeks TIF funds for 3 mixed-use projects
Indianapolis-based developer Kite Realty Group Trust is asking the cities of Carmel and Indianapolis to ante up incentives for a trio of mixed-use projects in its pipeline.
Carmel
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Carmel weighs 64 percent increase to park impact fees charged to builders
City planners say the higher fee would help pay for future land acquisition, a park expansion and improvements along the White River. Builders are concerned about the added cost.
Protective Insurance hires two senior executives
Carmel-based Protective Insurance Corp. has hired two company outsiders to fill its chief financial officer and chief information officer roles, the company announced Monday.
One of Carmel’s oldest neighborhoods fighting to stave off redevelopment
Homeowners in Johnson Addition, which was built in the late 1950s and early 1960s, say their neighborhood is charming and one of the few affordable neighborhoods left near Carmel’s downtown—and they want it to stay that way.
Hamilton County cities, towns prepare to vote on local income tax increase
The proposed local income tax increase would generate $16 million of new funding for the county’s 911 center.
Judge rules Carmel noise ordinance unconstitutional, sides with two Lucas employees
The lawsuit is part of an ongoing battle Carmel is having with Forrest and Charlotte Lucas, who have hosted parties and charitable events regularly since 2011 at their massive estate at 1143 W. 116th St.
Three local companies moving HQs to new Carmel development
Three well-known local companies plan to move into a four-story, 100,000-square-foot office building called the Agora. Construction of the building is expected to be complete next summer.
Family of Carmel teen sues Juul, calling e-cigarettes addictive, dangerous
The lawsuit, filed in U.S. District Court in Indianapolis, is the first such federal lawsuit in the state against Juul, a company battling numerous complaints over its products.
Carmel City Council considers proposal to regulate parade seat-saving
The ordinance aims to control a longtime city tradition that has grown out of hand, city councilors said.
Carmel to pay $64,000 to change Westfield highway sign
The sign installed along U.S. 31 near 146th Street in Carmel says “Westfield” on both the north and south sides of the sign, even though drivers heading south are traveling into Carmel.
Two Carmel law firms join forces
Hollingsworth & Zivitz has merged with Roberts Means LLC to form Hollingsworth Roberts Means, the new firm announced Tuesday.
Another Carmel restaurant closes, citing U.S. 31 project for hurting business
At least four restaurants in the area have blamed their closings on the U.S. 31 project. Carmel says other nearby restaurants are doing just fine.
Wahlburgers announces first Indianapolis-area location will be in Carmel
Speculation about where the first local Wahlburgers would open has been circulating since last August, when IBJ first reported that Wahlburgers, the restaurant concept by actors Mark and Donnie Wahlberg and their brother Paul, was planning to open an Indianapolis-area location.
Sale of Carmel senior community a big win for residents owed millions
The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
Carmel adds vaping to public smoking ban
Violators could be charged up to $50 for their first violation and up to $500 for more violations in the same year.
Square Donuts shops in Indianapolis area shut down
More than half of the Square Donuts shops in Indiana—including two locations in Indianapolis and one in Carmel—have closed because of contract issues, the owner of the parent company confirmed Monday.
Protective Insurance seeks to regain footing in tough environment
Industry-wide challenges led Carmel-based Protective Insurance Corp. to a $34.1 million annual loss last year, its biggest in decades.
Wedding-venue chain founder must fork over cash amid fraud claim
An entrepreneur accused of running a Ponzi scheme to expand a network of luxury event venues was ordered to surrender a chunk of proceeds from the sale of his $2.4 million home while retirees who invested millions of dollars in a proposed facility in Carmel pursue legal claims.
Company that proposed Carmel event center accused of fraud in federal suit
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
Carmel-based Rook Security acquired by English firm
Rook Security, an 11-year-old firm that specializes in cyber-threat detection and response services, had been on a torrid growth pace for most of this decade but has downsized its workforce more than 60 percent over the past three years.