James Brainard is stepping down after leading Carmel, Ind., for 28 years. He’s best known nationally for building roundabouts and promoting local climate efforts, but his legacy rests with how he rebuilt the Indianapolis suburb.
The sale of Carmel Center Apartments from Louisville-based NTS Development Co. to Dayton, Ohio-based The Connor Group closed at a significantly higher price than what NTS paid for the property in 2015.
The two Indianapolis-based developers have requested the city issue a total of $76 million in developer-backed bonds to help cover the cost of design and construction of the projects.