Carmel developer plans rooms with a view

May 9, 2013
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Construction is expected to begin this summer on a $6 million development at Carmel’s City Center that includes luxury apartments overlooking the Monon Trail.

Developer Anderson Birkla’s The Mezz project, named for swank mezzanine-level seating at the neighboring Palladium, is a pair of five-story mixed-use buildings on either side of the James Building, which houses the Tarkington Theater among other tenants. (The grassy Center Green in between the Palladium and the James is the site of the Carmel Farmers Market.)

To the east is the 25,000-square-foot Mezz on the Monon, nestled between an existing parking garage and the trail (and, a bit farther, the City Center restaurant-and-retail hub). High-end apartments are planned for the top four levels, with amenities—think fitness center, bike storage and resident lounge—on the first floor.

The Mezz on the MononLuxury apartments overlooking the Monon Trail are planned for the top four floors of The Mezz on the Monon. (Rendering courtesy of CSO Architects/city of Carmel)

On the other side of the James along Third Avenue: the 40,000-square foot Mezz on 3rd, which will house Anderson Birkla’s corporate headquarters and four floors of so-called luxury apartments. A total of 44 units are planned between the two buildings.

Founded in 2007, Carmel-based Anderson Birkla Investment Partners LLC has about 40 employees and is growing as it diversifies from development into construction and property management, partner Tony Birkla said Wednesday at a trail-side ground-breaking ceremony.

Work will begin as soon as permits are approved, he said, and the company hopes to move in by the end of the year. It now leases space in the North Meridian Street office corridor.

The city says the company already has spent $300,000 on development fees for the project, and it’s paying another $700,000 for the land over six years. The property was owned by the Carmel City Center Community Development Corp. (known informally as 4CDC), under city control since late last year.

Carmel number crunchers estimate The Mezz will generate $112,000 in property-tax revenue each year, and that the buildings’ tenants will contribute another $25,000 in income taxes.

Mayor Jim Brainard said City Center has attracted more than $300 million in private and public investment since the city announced the ambitious redevelopment project over 15 years ago—at a similar ceremony in an abandoned strip mall a stone’s throw from Wednesday’s shovel fest.

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  • Looks like an office building
    This rendering looks like an office building not a luxurious place to live, IMO.

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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