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Village of West Clay developer suspending operations

from Indianapolis Business Journal

Brenwick Development Co. is suspending operations at the Village of West Clay mixed-use community in Carmel, claiming its lender won’t release the deeds on undeveloped land—halting about $7 million of sales in the company’s pipeline. “We haven’t been able to do business since the end of September,” Brenwick CEO George Sweet told Indianapolis Business Journal. more

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