Officials: NTK bringing 198 jobs, $98 million investment to Anderson – Ken de la Bastide – The Herald Bulletin

ANDERSON – A sister company to NTN Driveshaft will make a $98 million investment in Anderson that will bring 198 jobs to the city.

Anderson city officials will announce this morning that NTK Precision Axel Corp. will build a 300,000 square foot facility to the west of the NTN Driveshaft building near 73rd Street and Layton Road.

NTK hopes to start production at the Anderson facility in October 2018. The last of the 198 jobs are expected to be created by 2021.

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Construction to Start on Mega Park Shell Building – Inside Indiana Business – Dan McGowan

A groundbreaking ceremony is set Monday for a shell building at a Wabash Valley industrial property. The $3.3 million project at Vermillion Rise Mega Park is expected to be complete by the end of the year.

Terre Haute-based Garmong Development Company LLC purchased the site from the Newport Chemical Deport Reuse Authority and it will locate the 50,000 square-foot facility on parts of 32 acres. Park officials say plans call for it to be expandable to more than 200,000 square-feet. Plans for the project have been progressing more than two years.

Read More…http://www.insideindianabusiness.com/story/31912737/construction-to-start-on-mega-park-shell-building

Annex 41 student apartment developer reducing tax abatement request – Tribune Star – Sue Loughlin

The developer of a new student apartment complex at 220-224 N. Third St. is seeking a five-year tax abatement from the city, according to an amended application filed with the city clerk’s office.

The Terre Haute City Council is expected to discuss the abatement during tonight’s sunshine meet, which begins at 6 p.m.

Earlier, the Indianapolis-based private developer of Annex 41 had requested a nine-year tax abatement for the $25 million student housing project, which would be on property currently owned by the Terre Haute Boys & Girls Club. But on Wednesday, the attorney for the developer — Annex Student Living — submitted an amended application for a five-year abatement.

Read More…http://www.tribstar.com/news/local_news/annex-student-apartment-developer-reducing-tax-abatement-request/article_e39b0c32-fbe8-5dcc-8c15-742806e949c8.html

Work could start next year on $60M development in Carmel – WHIO – Associated Press

CARMEL, Ind. — Work could begin as early as next year on a $60 million redevelopment project in the Indianapolis suburb of Carmel that includes a 224-unit apartment complex and office and retail space.

The Carmel City Council is expected to vote Dec. 7 on infrastructure incentives for the project called the Proscenium at the former Party Time Rental site. The council’s finance committee recommended approving the incentive package Thursday, The Indianapolis Star (http://indy.st/1le1jtI ) reports.

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