New report finds economic impact of $23M-plus for Carmel Christkindlmarkt
Attendance for the 2023 market was estimated at 475,000 and the market supported more than 150 jobs.
Carmel
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Carmel City Council approves park impact fee hike for developers
The fee will increase 11.13% each year through 2029. Carmel already has the highest park impact fee among its peer communities in the northern suburbs of Indianapolis.
Carmel City Council to have control over park impact fees
Park impact fees will now be deposited into an impact fee fund designated by the Carmel City Council, and park impact fee credits provided as a bargaining chip to developers will need to be approved by council members.
Stout’s Shoes, Japanese steakhouse among businesses planning openings at Carmel development
In addition to a shoe store, steakhouse, med spa and brewery taproom, The Signature will have eight owner-occupied condominiums, 295 luxury apartments and a 374-space public parking garage.
Niemann Harvest Market grocery set to open in Carmel
The farm-to-market-style grocery plans to open its first Indiana store next week.
Carmel-based Pyatt Builders acquired by national homebuilder
Taylor Morrison, one of the nation’s largest home builders, also acquired about 1,500 lots around the Indianapolis metropolitan area as part of the deal.
Growing Carmel logistics firm looks to add 200 employees
Koola Logistics LLC, which works as an intermediary between trucking providers and people who ship goods, has signed an incentive deal with the state to aid in its expansion plans.
Hotel Carmichael exceeding financial expectations, could expand
Financial figures made public to the Carmel City Council show the luxury hotel has exceeded expectations for revenue and occupancy since its opening in 2020.
The GOAT tavern reopens in Carmel after three-year closure
A spokesperson for The GOAT, or Greatest of All Taverns, said the Midtown business reopened March 21 and will hold a grand reopening event May 4.
First Farmers Bank & Trust to open Carmel branch
Converse-based First Farmers Bank & Trust, which opened a loan production office in Carmel last year, now plans to operate a full-service branch in the city’s Arts & Design District.
Carmel to seek outside funding sources for Monon Square South project
Plans call for the project to cost an estimated $47 million and feature a food hall, community gathering space, office space, apartments and a public parking garage.
ReJoyce Financial evicted from Carmel office
It’s the latest in a series of blows for ReJoyce and CEO Alexander Joyce, who gained attention locally through his frequent informercials but has faced numerous legal problems in recent years.
Merrillville-based Centier Bank expanding in Indianapolis market
Merrillville-based Centier Bank, which entered the Indianapolis market in 2011, is in the middle of a local growth spurt that includes three new branch locations and three additional relocations by early next year.
North of 96th roundup: Whitestown wedding venue owners plan Westfield location
Multiple retailers, restaurants and other businesses have recently opened or are planning new locations in the north suburbs of Indianapolis.
Carmel task force looks at city’s housing challenges
Carmel’s housing options mostly fit into two opposite categories: single-family detached houses in subdivisions and multifamily apartment buildings in the downtown core. City officials want to explore a third category: the “missing middle.”
Developer unveils updated plan for $300M Gramercy project in Carmel
A Buckingham Properties official told members of the Carmel City Council on Monday that the new plan would feature nearly 1,000 new residential units, 587 parking spaces, 28,000 square feet of retail and two public plazas.
Carmel wins lawsuit over state law that diverted local income tax funds to Fishers
Carmel argued the law harmed the city by depriving it of tens of millions of dollars in local income tax revenue it would have otherwise received.
Proposal would put Carmel City Council in control of park impact fees
The funding stream Carmel uses to develop parks has become a source of tension among officials and even the subject of a recently dismissed lawsuit.
Carmel Clay Board of Parks & Recreation calls off lawsuit against city
The parks board decided to end the lawsuit because the Carmel City Council in January passed a resolution outlining proposed changes to the approval process for future park impact fee credits.
Former CEO of Carmel-based enVista returns to top job
EnVista co-founder Jim Barnes, who left the company in 2022 when a German tech company acquired a portion of the business, has returned as chief executive.