Auto dealer financing firm in Carmel gets fast start
A veteran of a specialty auto-industry sector called floor-plan financing has launched a lending company that promises independent car dealers funding wherever they buy vehicles.
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Whitestown unveils plans for $135M junkyard redevelopment project
Milhaus and Homefield are partnering to redevelop roughly 100 acres with a fieldhouse, water park, hotel, apartments, offices, commercial space and more. Whitestown officials might consider a new food and beverage tax to help fund the massive project.
Old Town pitches expanded Union Square, new townhouse project in Westfield’s downtown
Carmel-based Old Town Cos. is planning $80 million of residential and commercial development in Westfield’s downtown surrounding the city’s forthcoming Grand Junction Plaza. Updated plans include doubling Union Square and adding new townhouses.
Fishers startup gamifies trading, targets historically Black colleges
Social media startup Stockteamup has partnered with the philanthropic arm of a hip-hop-inspired snack company to teach financial investing to Black communities.
Elanco cuts 50 jobs at Greenfield HQ as part of latest restructuring
The maker of animal feeds and vaccines also is closing research and development sites in Germany and New Zealand, and making smaller cuts elsewhere. Altogether, Elanco is chopping 350 jobs in 23 countries.
Whitestown streamlines zoning rules to spur mixed-use development
Already, one developer—Steve Braun, a former tech entrepreneur, state lawmaker and commissioner of the state’s Department of Workforce Development—is taking advantage.
Indianapolis-based residential developer plans Carmel HQ project
Indianapolis-based SC Bodner Co. is planning to build and move its headquarters into a $6 million office development along U.S. 31 in Carmel, according to a proposal filed with the city.
Multifamily redevelopment planned for Gray Eagle driving range
The Fishers City Council heard plans Tuesday for a 21-acre residential development and financing plan that would help prevent the closure of the golf course.
Zionsville Town Council OKs zoning changes for planned 179-unit apartment complex
Carmel-based Sila Capital LLC plans to build three, 3-story buildings at the southeast corner of Oxford Drive and Grove Pass.
Fishers picks Meyer Najem to build Nickel Plate downtown trailhead
Meyer Najem Construction, which has already started work on the Nickel Plate Trail’s $8.4 million southern approach to downtown Fishers, secured a $3.3 million contract last week to build the trail’s downtown plaza.
Private individual, residential developer to acquire former Simon estate in Carmel
The Great American Songbook Foundation said it is nearing the sale of its 107-acre Asherwood estate in Carmel to a private individual and a developer that wants to turn part of the property into an estate community.
Noblesville council pledges $10 million TIF bond to East Bank apartment complex
Toledo-based Republic Development Corp. and Carmel-based J.C. Hart Co. plan to build a 219-unit apartment complex, a 295-space parking garage and 5,295 square feet of first-floor retail in Noblesville’s downtown, on the east bank of the White River.
Developer proposes 75-acre business park along State Road 37 in Noblesville
Westfield-based Patch Development is planning to turn 75 acres of farmland along State Road 37, north of 146th Street, into a new business park. City officials will consider a $6.7 million bond to support the project, in the hopes that it brings more than 500 jobs to the city.
Developers pitch several big real estate projects in Westfield
The Westfield City Council heard presentations Monday night for a 60-acre mixed-used development, a 9.5-acre residential project and a neighborhood expansion. It also approved a new assistance program for first responders and veterans.
Longtime city attorneys for Westfield, Carmel tender resignations
Brian Zaiger, Westfield’s city attorney since 1992, resigned earlier this month at the request of the mayor. Doug Haney, an attorney for the city of Carmel, tendered his verbal resignation late last month after representing the municipality for 24 years.
Food manufacturer plans $100M plant, 115 jobs in Indianapolis
It’s unclear what the announcement means for Greenleaf’s previously announced plans to build a $310 million plant in Shelbyville.
Culver’s franchisee plans up to 10 more restaurants, new Noblesville HQ
Jeff Meyer is turning the former Boys & Girls Club at 1700 Conner St. into his company’s headquarters. And he plans to keep things rolling by opening another eight to 10 stores by the end of 2023.
Genezen Labs pumps up plan for Fishers facility after private-equity investment
Genezen Laboratories Inc. says new funding from a Massachusetts-based private equity firm will allow it to expand its plans for a new production facility in Fishers Crosspoint Business Park.
INCog BioPharma Services selects site, expands plans for Fishers manufacturing facility
INCog BioPharma Services has purchased 16 acres of undeveloped land in Fishers for its planned new biopharmaceutical manufacturing facility. The $60 million project has grown in size.
Westfield Council OKs pedestrian crossing as stop-gap for Monon Trail underpass project
A majority of the council voted Monday to temporarily install a signalized pedestrian crossing on the road’s surface to address safety concerns as officials come up with a funding plan for the full tunnel project.