Nursing home profits surge as owners seek moratorium
Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins.
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Roundup: Tex-Mex and ice cream in Zionsville, plus pastry shops come and go
The owner of the popular Noah Grant’s Grill House & Oyster Bar in Zionsville is targeting an April opening for a second restaurant flanking the town’s brick Main Street. Plus: the latest retail roundup.
Project updates: Fishers mixed use, Carmel hotel and Zionsville’s new HQ
Elected officials north of 96th Street advanced a bevy of public-private projects Monday during what I like to call their monthly meetingpalooza. Here’s a rundown on where things stand:
Developer eyes spring groundbreaking for 10-story Drury Plaza Hotel
St. Louis-based Drury Hotels is proposing to build a 10-story, 304-room hotel and stand-alone restaurant on undeveloped property at the northeast corner of Meridian and 96th streets in Carmel. Construction could begin this spring.
Developer planning Sophia Square sequel near Meridian Street
The developer behind the $60 million Sophia Square building in Carmel’s Arts & Design District is proposing a similar project about a mile west.
Carmel’s FatAtom moving from Main Street to Monon
Carmel ad shop FatAtom Marketing has signed a letter of intent to lease a first-floor storefront in the under-construction Mezz on the Monon building in Carmel City Center. CEO Todd Muffley is targeting a June 1 move-in date.
Microbrewery eyeing spot at Carmel Farmers Market
Opening days is still months away, but organizers of the popular Carmel Farmers Market already are lining up vendors for the summer celebration of Indiana agriculture. Will craft breweries be able to join the fun?
Developer plans $80M project in Carmel
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
Ex-Star reporter lands Carmel consulting deal
Carmel reporter Dan McFeely quit the layoff-prone Indianapolis Star in November to become a consultant to Carmel’s Department of Economic Development. Records show the deal could be lucrative for the 15-year Star veteran, with the potential to earn up to $99,000 a year.
Geico could double Carmel work force by year’s end
Insurance giant Geico is ahead of schedule when it comes to staffing its Carmel customer-service center, reaching the 400-employee mark in December.
Panel’s use of TIF funds spurs new flap in Carmel
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
DINING: Carmel adds Mex to Main Street mix
Review of Agave Bar & Grill. Fourth in a month-long series of new-in-2013 restaurants that we hadn’t previously reviewed.
Former Shapiro’s in Carmel hits market with $2.1M price
The Carmel Redevelopment Commission has engaged Colliers International to market and sell the former Shapiro’s Delicatessen building in growing Carmel City Center.
Rebranding of bird-food retail chain ups emphasis on core product
Wild Birds Unlimited recently unveiled a new marketing program encompassing everything from revamped store design to new staff training to a rebalancing of the product line. The idea was to place less emphasis on gift items and more on the store’s core product—birdseed.
Pittsburgh grocer jumping into Indy market
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.
City Center expansion plans could cost $100M
Developer Pedcor Cos. unveiled conceptual designs for six more buildings at Carmel City Center that could cost as much as $100 million to build over the next four to five years.
Roundup: Blow-dry bar, burger bar, Hot Mama
A new salon concept is blowing into Carmel next week. Dubbed do-tique, the dedicated blow-dry bar will offer shampoos and styling. Plus: A pop-up shop adds to its Twelve Days, and The Pint Room’s plans.
Unintentional entrepreneur parlayed consumer-electronics savvy into PR firm
Arland Communications, run by former Thomson Consumer Electronics spokesman Dave Arland, is the only area firm focused entirely on the $200 billion-plus annual consumer electronics market.
Security firm’s job-creation plans draw state incentives
Allegion PLC’s plans to add employees at its North American headquarters in Carmel could earn the global security firm as much as $2 million in tax credits from the Indiana Economic Development Corp.
Fraternity moving headquarters to Carmel
Indianapolis-based Theta Chi Fraternity will move its headquarters from College Park to Carmel early next year.