Developer seeks $20M bond to finish Carmel City Center
Suburban sensibilities be darned: Density is not a dirty word when it comes to Carmel City Center. But it can be an expensive one.
Carmel
Articles
Trailside property in Midtown Carmel draws bids
Two development teams submitted bids for five acres of publicly owned land along the Monon Greenway in Carmel’s Midtown area, but their plans for the blighted property remain under wraps for now.
Wellness provider beefing up new Carmel office
A year after announcing plans to move its headquarters from San Diego to Carmel, wellness provider American Specialty Health has about 170 employees working in central Indiana—including 60 who relocated from other offices. It plans to hire another 30 this year and up to 250 in 2015.
Carmel panel accepting bids for ‘beachfront property’ in Midtown
The Carmel Redevelopment Commission is accepting bids for almost five acres of land along the Monon Greenway in the city’s so-called Midtown area, which is being targeted for renewal.
Carmel council OKs $3.8M bond for luxury apartment project
Keystone Realty Group’s $30 million The Olivia on Main apartment project cleared a major final hurdle Monday, when Carmel City Council unanimously agreed to issue $3.8 million in low-interest bonds to help prepare the five-acre site for construction.
Palladium engineer agrees to $800K legal settlement
The Carmel Redevelopment Commission has accepted an $800,000 settlement offer from the engineering firm that reviewed plans for the Palladium concert hall’s roof, inching closer to resolving a years-long legal dispute over its flawed design.
Hiring surges at Carmel financial-services firm
Allied Solutions LLC said it is looking to fill 60 jobs this year and potentially more next year as it extends a growth streak.
Threat-detection tech firm plans to create 84 jobs
Lafayette-based Emerging Threats Pro LLC said it will invest $967,000 to open an outpost in the Parkwood Crossing office park in Carmel.
Meridian hoteliers rally to save I-465 ‘service’ signs
Already stinging from this year’s U.S. 31 closure in Hamilton County, a group of Carmel hoteliers is asking the state for help keeping customers coming their way.
Carmel council: No quick decision on City Center funding
Carmel City Council will take its time considering Pedcor Cos.’ request for public funding for a parking garage and other infrastructure needed to finish the City Center development downtown.
Keystone offers to forgive CRC obligations to win bond
Keystone Realty is offering to let the cash-strapped Carmel Redevelopment Commission off the hook for $250K in promises if city officials approve a $3.8 million bond issue to help get its Olivia on Main project off the ground.
Financing pitch puts Pedcor on hook for $100M City Center plan
Pedcor Cos. is offering Carmel leaders an unusual array of guarantees backed by its own bank account in hopes of landing public funding for a portion of its $100 million City Center expansion.
Former Shapiro’s in Carmel sells in $2.1M cash-debt deal
A year after rejecting a pair of offers for the former Shapiro’s Delicatessen on Range Line Road, the Carmel Redevelopment Commission on Wednesday accepted a $2.1 million bid from principal City Center developer Pedcor Investments LLC.
Sunrise neighbors worried about traffic, density
Neighbors of the former Sunrise Golf Club property along the Monon Greenway in Carmel aren’t sold on a redevelopment plan that calls for building 149 custom homes and up to 265 apartments on the 78-acre site.
Current to add Geist to growing newspaper stable
Current Publishing LLC, a Carmel-based firm which publishes five weekly newspapers covering parts of Hamilton and Boone counties, continues to thrive as the print news industry as a whole lags.
Carmel clears path for Monon Lake housing project
With neighbors pleading for more time, Carmel City Council on Monday approved a year-old rezoning request that clears the way for M/I Homes’ planned Monon Lake development just north of Interstate 465.
Carmel council reluctantly OKs commuter bus subsidy
Carmel City Council voted 7-0 Monday to subsidize the Indy Express commuter bus for the rest of this year, but members made it clear their support was tenuous at best.
Carmel developer pitching $150M Midtown plan
Carmel-based Old Town Development LLC expects to file plans this week for a $150 million redevelopment project on 11 acres in the suburban community’s blighted Midtown area, between Carmel City Center and the Arts & Design District near the Monon Greenway.
Hamilton County communities battle tax appeals
Carmel, Fishers and Noblesville are trying to head off appeals that cause tax revenue to come in lower than expected, especially for projects within tax-increment-financing districts.
More Carmel apartments on the drawing board
An affiliate of Butler Automotive Group is asking Carmel for a zoning change that would clear the way for a 235-unit apartment complex just north of an under-construction Hyundai dealership at 96th Street and Randall Drive.