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Sophia Pointe rendering

Carmel council OKs $3.8M bond for luxury apartment project

Keystone Realty Group’s $30 million The Olivia on Main apartment project cleared a major final hurdle Monday, when Carmel City Council unanimously agreed to issue $3.8 million in low-interest bonds to help prepare the five-acre site for construction.

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Palladium engineer agrees to $800K legal settlement

The Carmel Redevelopment Commission has accepted an $800,000 settlement offer from the engineering firm that reviewed plans for the Palladium concert hall’s roof, inching closer to resolving a years-long legal dispute over its flawed design.

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Sunrise neighbors worried about traffic, density

Neighbors of the former Sunrise Golf Club property along the Monon Greenway in Carmel aren’t sold on a redevelopment plan that calls for building 149 custom homes and up to 265 apartments on the 78-acre site.

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Carmel developer pitching $150M Midtown plan

Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.

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More Carmel apartments on the drawing board

An affiliate of Butler Automotive Group is asking Carmel for a zoning change that would clear the way for a 235-unit apartment complex just north of an under-construction Hyundai dealership at 96th Street and Randall Drive.

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Keystone seeks $3.8M subsidy for Carmel project

Keystone Realty Group is asking Carmel to issue $3.8 million in economic development bonds to help pay for parking and site work on a 5.3-acre property it plans to redevelop at the intersection of Old Meridian and Main streets.

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HQ move earns pharma firm another tax break

A Carmel-based institutional pharmacy plans to invest $8 million expanding its Noblesville operations, which include its headquarters. On Tuesday, it received its second tax-incentive deal from the city in two years.

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