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Developer close to starting project at 116th, Springmill

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The developer of The Bridges, a mixed-use project at 116th Street and Springmill Road that won a controversial rezoning case in June 2011, is finalizing plans for the first two components of the 62-acre development.

Gershman Brown Crowley Inc. is in the process of getting design approval from the city of Carmel for a 9,600-square-foot retail building at the southwest corner of 116th and Illinois streets and a 13,200-square-foot CVS pharmacy to be built immediately west of the retail building at 116th and Springmill. Groundbreaking on the buildings is expected in March, with the CVS opening in September and the retail building, which would accommodate three or four tenants, finished by October.

The Carmel City Council approved rezoning of the site from residential to commercial in June 2011. Gershman Brown Crowley agreed at the time of the rezoning to reduce the impact on surrounding residential properties by including higher berms on the project perimeter and limiting the height of office buildings on the property.

The project was initially described as a $100 million development with 250,000 square feet of retail space, 500,000 square feet of office space and 300 apartments. A spokesman for the company said the size projections still stand but that what is ultimately built will be determined by market demand.

The spokesman said the developer is in discussions with a large retail anchor that would be new to this market. There have also been discussions with apartment developers and medical office users. A rehabilitation hospital based out of state was close to committing to The Bridges, but the company decided not to expand into this market.

The spokesman said Gershman Brown Crowley's strategy from the beginning was to wait for road improvements in the area before starting to develop the site. Construction is underway on an extension of Illinois Street south to 106th Street, which will provide better access to the project from the south.

Bill French, a retail broker at Cassidy Turley, said The Bridges will bring needed retail space to serve the Meridian Street office corridor and people who live west of Meridian.

"I'm glad they're breaking the ice with CVS and the small shops. I suspect that once that happens we'll see a great deal more activity there." French said most retailers don't like to commit to a site until it has some retail history under its belt. "It just takes one or two retailers to take the first step."

 

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  • Another CVS?
    Isn't there a CVS in the "village of west clay"? That brought absolutely no attention to developers either... who wants to park next to a CVS except a cheesy strip mall? Sounds like a fail to me.
  • Another one?
    First a CVS, then a Walgreens across the street. No recession for these companies.

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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