Urban Indiana

Carmel announces 2023 construction plans, including three new roundabouts

The City of Carmel has identified right-of-way improvements and estimated a schedule of work for the 2023 construction season. The Department of Engineering is issuing this schedule to keep the community informed about projects that will greatly impact the city over the next year.

It is always the goal to maintain schedules and timelines for projects, keeping in mind that circumstances such as weather, utilities and unforeseen circumstances can sometimes affect the desired timeline.
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Fall (September to November)

• Hazel Dell Parkway and East 106th Street Roundabout: (Start date TBD) 90days +/- under a partial closure, maintaining north to south connectivity on Hazel Dell Parkway for the construction of the roundabout.
• Path Projects: Timeline and scope undetermined

Anticipated 2024

• North College Avenue & 96th Street: Roundabout
• Westfield Boulevard & 106th Street: Roundabout

More below:
https://readthereporter.com/carmel-announces-2023-construction-plans-including-three-new-roundabouts/

Carmel to see flurry of completed real estate projects in 2024

Several major real estate developments in Carmel are expected to be completed in 2024, adding to the city's lineup of projects combining residential, business and retail spaces.

The new construction continues Carmel's rapid redevelopment over the past two decades.

Here's a look at what's coming to the Hamilton County suburb.

More below:
https://www.ibj.com/articles/carmel-to-see-flurry-of-completed-real-estate-projects-in-2024

New Carmel City Council hits pause on pair of major projects

The Carmel City Council on Monday put two major redevelopment projects on hold so they can be reviewed by the city's new mayor.

The projects called Gramercy/Carmel Marketplace and Valentina were originally introduced to the city council in November. At that time, council members voted to delay discussion on the projects until Monday's meeting due to the size of the developments and because construction would take up to a decade.

However, the new city council decided to withdraw two ordinances authorizing a total of $76 million in bonds for the projects from the agenda to give Mayor Sue Finkam's administration more time to study plans, consider feedback from residents and negotiate with developers.

More below:
https://www.insideindianabusiness.com/articles/new-carmel-city-council-hits-pause-on-pair-of-major-projects

CNO seeks buyer for 78-acre Carmel office campus with vision to redevelop site

Carmel-based insurance and financial services company CNO Financial Group is looking for a buyer for its six-building headquarters campus who will lean into its vision for new residential and retail components.

The firm, which said in June that it would move its operations to the OpenLane Inc. building at 11299 N. Illinois St., has not specified an asking price for its 78-acre campus near U.S. 31, but it's looking for a buyer interested in a wholesale redevelopment of the site.

Comprising more than 611,000 square feet of office space and 2,700 parking spaces, the corporate campus at 11825 N. Pennsylvania St. is in the process of being vacated, at least in part. CNO is being represented in the effort by Andrew Urban, senior vice president of occupier services for the Indianapolis office of Toronto-based commercial brokerage Colliers International.

More below:
https://www.ibj.com/articles/cno-eyes-buyer-to-redevelop-78-acre-carmel-office-campus