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The ok has been given for a USD 100 million development in the city of Carmel in Indiana.
Set to include office space, retail space and residential apartments, the development was approved by the Carmel City Council by a vote of 6 to 1 in favour.
Dubbed ‘The Bridges’, the project will span 62 acres and will be developed by Gershman Brown Crowley, a developer based in the state.
“We have a long way to go before the first shovel goes in the ground,” said Tom Crowley.
“We are talking to a number of entities, who are definitely interested in establishing a presence in the area, but any and all plans must fit within the plans we submitted to the City of Carmel, and we want to establish a dialogue with neighbors in the area.”
Approval of the plans by the City Council was dependent on higher berms along the perimeter of the development as well as the contribution of funds for the improvement of roads in the area.
The development has been named for the classic stone bridges the developer intends to build over water features which will go around the site.
Most of the projects buildings would be designed in a ‘prairie style’ layout by the same architects that are responsible for Hamilton Town Centre.
Bike and pedestrian paths would surround the buildings.
However not all residents are in favor of the huge development.
Zak Brown, president of the Springwood Estates Neighborhood Association and CEO of a Zionsville-based motorsports marketing firm told the Indianapolis Business Journal: “The project is over the top as far as size and scope.
“It feels like they’re putting a massive mall in my back yard without addressing traffic. And I don’t think any of us think it’s needed.”
