Rolls-Royce’s $400M modernization is massive juggling act
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
With Project Condor, the manufacturer will update its Tibbs Avenue and Raymond Street plants while continuing uninterrupted production of high-precision engines for military aircraft.
Mayor Joe Hogsett’s administration is targeting the former General Motors stamping plant site on the west side, where development plans have stalled, and the upstart Market East District on the opposite end of downtown.
The buildings will add 1.8 million square feet to the town’s already robust distribution market and will be built on a speculative basis, indicating healthy demand for such space.
The parent company of National Wine & Spirits, has applied to the city for a property-tax abatement on the project that will save it an estimated $335,243 over the eight-year abatement period.
The company plans to spend $825,000 to construct a 9,000-square-foot headquarters that will provide warehouse and office space.
Verdure Sciences has filed plans with Noblesville to build a 15,000-square-foot facility on a 7-acre property in the Metro Enterprise Park near the southwest corner of Pleasant Street and Union Chapel Road.
According to a tax-abatement application with the city, FedEx plans to install $170 million in new package-sorting equipment, while adding 27 full-time jobs and 178 part-time jobs. It would also retain 728 full-time and about 3,200 part-time workers.
A company that sold more than 160,000 trucks last year intends to spend $12.35 million to lease and equip a 283,500-square-foot facility for sending parts across the Midwest.
Aisin USA, which makes parts for Honda, Chevrolet, Toyota and Lexus models, already employs more than 1,700 full-time workers in Indiana.
The company will locate in the Lebanon Business Park and pay salaries “well above $20 per hour,” an economic development official said.
Noblesville residents and business owners Michael and Tawni Partin have purchased the two-story buildings on Logan Street with the intention of remodeling and merging the structures.
In a development deal with Fishers, Indianapolis-based Citimark plans to purchase the 23-acre site that includes the long-vacant former Charles Schwab regional client center and the building that houses Launch Fishers.
The once-heralded battery maker with big plans ceased operations in Hancock County last year and doesn’t plan to resurrect them.
Hancock County officials are set to terminate a tax incentive agreement with EnerDel Inc., the once-heralded battery maker with big plans that since has vacated its facility in the county.
AmerisourceBergen Drug Corp. plans to have 120 full-time employees at the facility by the end of next year.
EnviroForensics has spent $3 million to buy and renovate a new headquarters a few blocks north of its current location on North Capitol Avenue.
With $2 million in improvements to its Indianapolis brewery, Sun King now plans to distribute its Sunlight Cream Ale and Wee Mac Scottish Ale to grocery and convenience stores across Indiana.
Toyota Boshoku Indiana LLC has launched a $10.6 million expansion of its plant in Princeton.
The planned demolitions of the old IUPUI Psychiatric Research Building and the Wishard Helipad site are the next projects sparked by the land swap between IUPUI and Eskenazi Health’s parent.
The city’s investment in the retention and expansion of more mature, existing businesses has been paying off.