Mainstreet nixes ambitious Arizona plan, terminates at least 70 workers
The Carmel-based developer and operator of senior care facilities blamed high start-up costs and a challenging reimbursement environment for decision to pull out of Arizona.
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Carmel-based Splenda maker to relocate headquarters, add jobs
Heartland Food Products Group said it plans to leave its offices at Clay Terrace for a bigger headquarters within 18 months. The move would allow the firm to add about 130 employees.
Insurance giant GEICO adding 1,400 jobs at Carmel offices
The Chevy Chase, Maryland-based insurer said it will nearly double the size of its offices at 101 W. 103rd St. with the addition of 104,000 square feet.
Community theater group losing Clay Terrace performance venue
The group has been putting on plays at a space in Carmel’s Clay Terrace shopping center for more than eight years, thanks in large part to the largesse of the landlord. Now it needs to find a new home.
Hospital complex costing $1B planned for 96th and Spring Mill
Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have “details to share” at this time.
CNO Financial reports quarterly loss due to tax reform
The Carmel-based insurance holding company profit would have been $101.6 million without the one-time impact of the federal tax reform act.
Riverview Health to open 4 combination ER, urgent-care centers
The fast-growing health system, owned by Hamilton County, plans to begin construction this year and open the centers in Carmel, Fishers and Indianapolis in 2019.
Carmel works to balance short-term rental rights, concerns
The Indianapolis suburb has adopted rules on short-term home rental services like Airbnb as state lawmakers are again considering whether to ban such local regulations.
Proposed mosque in Carmel draws opposition
Opponents have raised concerns about property values being hurt by additional traffic and calls to prayer disturbing the peace.
Simon estate gift creates ‘potentially tough situation’ for small foundation
The Great American Songbook Foundation now has the expensive responsibility of maintaining the 107-acre Asherwood, including paying a nine-person maintenance staff.
Simon widow donates massive estate to Songbook Foundation
The widow of Mel Simon is donating her entire 107-acre estate in Carmel to the Great American Songbook Foundation—a gift valued at more than $30 million that the foundation plans to use to help it establish a major museum in central Indiana.
Unconventional bank racks up torrid growth
Banks aren’t usually among a community’s fastest-growing businesses. But most banks are vastly different from Carmel’s Merchants Bancorp.
Carmel’s holiday market, ice rink draw big crowds in opening days
The Carmel Christkindlmarkt and Ice at Center Green attracted 48,000 visitors during the first five days they were open, the city said. And market sales were “robust,” organizers said.
Software firm eyes closure of Carmel office with 61 employees
The list of potential terminations includes engineers, software developers, project managers and administrative support staff.
Home Place agrees to stop legal fight with Carmel over annexation
The long legal battle between the city of Carmel and the residents of the small community in Clay Township known as Home Place appears to be over.
Maker of opioid treatment planning Indy-area expansion
Innovative Health Solutions Inc. recently received FDA approval for a device that treats opioid withdrawal symptoms.
Mainstreet Health makes $425M acquisition, plans name change
Mainstreet Health Investments Inc., a company founded by Carmel-based Mainstreet Property Group, has reached a deal to acquire Care Investment Trust LLC, which owns 42 senior housing and care properties.
Mainstreet Property Group cuts 12 workers in reorganization
The Carmel-based developer of senior care facilities did not provide any details about the job cuts or what positions were affected.
Indiana lawmaker being deployed for Puerto Rico recovery
Sen. Mike Delph of Carmel will be miss at least a portion of the 2018 Indiana General Assembly for an Army Reserve deployment.
Carmel’s debt rating dips as city’s financial burden rises
Standard & Poor’s has downgraded Carmel’s debt rating, saying the suburb is “vulnerable to unanticipated economic or operating swings” given its growing debt levels.