The developer that owns the land where Franciscan Health plans to build a $130 million orthopedic center in Carmel told city officials this week that taxes will be paid on the real estate in perpetuity, even if it sells the land to the health care system in the future.
Determine Inc., a 23-year-old publicly traded software company that has yet to turn an annual profit, is set to be acquired by a New Jersey-based company.
StREITwise, a Los Angeles-based real estate investment trust, purchased the 142,000-square-foot Class A office and retail building from Ambrose Property Group.
Republican Fred Glynn, who recently was re-elected to the Hamilton County Council, will run against six-term Carmel Mayor Jim Brainard in May's primary.
In its sophomore year, Carmel’s Christkindlmarkt drew 328,000 people to Carmel’s Center Green. Sales revenue also jumped significantly.
Software company Tendly LLC, which began doing business under the name MomentPath in November, expects to move into a larger office space as part of the expansion plan.
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
The Indiana Arts Commission Board voted to designate the Nickel Plate District in Fishers as a Statewide Cultural District, a designation held by only seven other communities in the state.
A Carmel-based software firm that works with child-care and senior-care providers has tuned up its marketing strategy and is doing business under a new name after securing $1 million in growth capital earlier this year.
Developer Steve Pittman’s proposal to build an office building at 106th and Illinois streets is moving forward through the approval process, despite contentious pleas from two of his siblings that the project be reworked.
For at least a year, county officials have debated how best to pay for the county’s 911 communications operation going forward.
Redevelopment projects are dramatically reshaping several blocks along the Monon Trail in Carmel—and an end to construction isn’t in sight for the Midtown area.
Altogether, the projects will feature 6,196 panels that produce more than 2.7 million kilowatt hours annually, roughly enough to power 235 homes.
The Great American Songbook Foundation received the massive property earlier this year as a gift from Bren Simon, the widow of late shopping mall magnate Melvin Simon.
Carmel Christkindlmarkt organizers say the 33-foot-tall, lighted “pyramid” will be the largest of its kind in America. It is expected to be a popular feature at the upcoming Carmel Christkindlmarkt.
Projects underway in Fishers, Westfield and Noblesville are aimed at addressing the lack of housing options for low- and middle-income earners in Hamilton County, but they will only make a dent.
Technology companies Ultimate Automation and Electronic Evolutions have merged to form Ultimate Technologies Group, which will be headquartered in the Fishers Nickel Plate District.
The Carmel Redevelopment Commission has an agreement in place to purchase the shopping center, a deal that will allow the city to raze the existing building and develop another project.
The Indianapolis health system said it has not yet decided how to develop the site, but wants to keep its options open. It dropped plans four months ago to rezone the land after neighbors objected.
Leaders of this year’s Carmel’s Christkindlmarkt are already planning a more ambitious schedule and making changes to address visitors’ concerns from the inaugural event.
