KAR Global invests millions in Israel-based artificial intelligence company
The strategic investment creates a partnership between the two companies that is expected to bring KAR customers a new slate of automated vehicle inspection products.
Hamilton County
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Roundup: Monterey Coastal Cuisine to open next month in Carmel’s Sophia Square building
Former homebuilder Paul Estridge Jr. is opening a new seafood-forward restaurant called Monterey Coastal Cuisine next month. Also, three new businesses are slated to open in Carmel City Center this summer.
Former Stutz owner plans redevelopment of three Carmel properties
Turner Woodard, the former majority owner of the Stutz Business and Arts Center in downtown Indianapolis, has purchased the former Rich’s Home Furnishings showroom in Carmel to redevelop as the first in a series of three new projects in the northern suburb.
What we’re loving: Glazed pottery at Shine Design Home in Fishers
The shop is owned by a three-woman team that offers full interior design services in addition to less expensive in-home consultations and design boards.
Westfield-Washington Public Library chooses downtown spot for new location
The Westfield-Washington Public Library’s board voted last week to build its new 45,000-square-foot library near the city’s growing downtown. The board is working on a 3.4-acre purchase agreement for the future site of the $16.7 million project.
Carmel council OKs $60M in road bonds, continues questioning $65M for other projects
Some councilors have concerns about what the bonds would be spent on—including public art—while others worry the city’s plans to acquire more properties would harm small businesses.
Carmel Council to consider establishing formal investigations process
A council member’s investigation into the Hotel Carmichael’s cost overruns and a city employee’s complaint hit a roadblock, so she’s co-sponsoring two proposed ordinances intended to provide guidance related to the council’s investigatory powers.
Developer proposes 378 homes next to Finch Creek Park in Noblesville
M/I Homes of Indiana is requesting the city engage in a land swap that would allow a portion of the 378-home Silo Ridge neighborhood to be built on land currently dedicated to further expanding Finch Creek Park.
Fry’s Electronics closes all stores, including Fishers location
The 180,000-square-foot Fishers store originally housed Incredible Universe, a media and electronics superstore owned by Radio Shack parent Tandy Corp. Fry’s took over the building in 2005.
Fishers-based autism center operator acquired by Baltimore firm
Fishers-based Behavior Analysis Center for Autism, which provides therapy to individuals with autism and other related developmental disabilities, has been sold to Baltimore-based Learn Behavioral Partners, the companies announced.
NY hedge fund’s meltdown could cost clients of Carmel investment firm millions
Indie Asset Partners customers are upset that the hedge fund, which was supposed to spread out funds to dozens of money managers, instead concentrated the money with a single manager whose performance tanked early last year.
Proposed plan by Thompson Thrift would bring homes to Fishers District
The Villas at Fishers District would bring 210 paired villas and 40 townhomes to the southeast corner of Ikea Way and USA Parkway.
Ultimate Technologies returns to Fishers, plans to boost workforce
Ultimate Technologies Group announced plans to add 25 employees by the end of next year, thanks to a new contract with an Indiana-based engine manufacturer.
BoomBozz owner suing former pizzeria franchisees over new restaurant
The company behind the BoomBozz pizzeria chain is suing the its former franchisees in Carmel and Fishers for allegedly using the company’s recipes and other trade secrets to open Crafters Pizza and Draft House in Carmel.
Fishers council narrowly OKs rezoning to allow affordable neighborhood
The approval will allow Hamilton County Area Neighborhood Development Inc. to develop 11 affordable, for-rent homes at the southwest corner of 141st Street and Cumberland Road.
Roundup: Wolfies’ owners plan new Westfield concept; Paradise Shaved Ice opens in Fishers
Nyla’s will offer steak, seafood, burgers and cocktails when it opens May 1 at 211 Park St. in Westfield.
Proposed parking garage in downtown Noblesville might grow from 4 to 5 floors
County officials said the increasing caseload at local courts justifies building an $11.5 million, five-story garage with an additional 100 spaces.
Fishers raw materials firm says ‘blank check’ company seeking to raise $100M
American Resources Corp. is the latest central Indiana firm to jump on the “blank-check company’ bandwagon—forming a shell company that uses public offering proceeds to scoop up an acquisition target.
Auto dealer financing firm in Carmel gets fast start
A veteran of a specialty auto-industry sector called floor-plan financing has launched a lending company that promises independent car dealers funding wherever they buy vehicles.
Old Town pitches expanded Union Square, new townhouse project in Westfield’s downtown
Carmel-based Old Town Cos. is planning $80 million of residential and commercial development in Westfield’s downtown surrounding the city’s forthcoming Grand Junction Plaza. Updated plans include doubling Union Square and adding new townhouses.