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. It is nice and all that the developer grew up here and lives here, but do you think a company that builds and rehabs cottage-style homes has the chops to develop $150 Million of office, retail, and residential? I'm guessing they will quickly be over their skis and begging the city for even more help... This project should occur organically and be developed by those that can handle the size and scope of something like this as several other posters have mentioned.

  2. It amazes me how people with apparently zero knowledge of free markets or capitalism feel the need to read and post on a business journal website. Perhaps the Daily Worker would suit your interests better. It's definitely more sympathetic to your pro government theft views. It's too bad the Star is so awful as I'm sure you would find a much better home there.

  3. In other cities, expensive new construction projects are announced by real estate developers. In Carmel, they are announced by the local mayor. I am so, so glad I don't live in Carmel's taxbase--did you see that Carmel, a small Midwest suburb, has $500 million in debt?? That's unreal! The mayor thinks he's playing with Lego sets and Monopoly money here! Let these projects develop organically without government/taxpayer backing! Also, from a design standpoint, the whole town of Carmel looks comical. Grand, French-style buildings and promenades, sitting next to tire yards. Who do you guys think you are? Just my POV as a recent transplant to Indy.

  4. GeorgeP, you mention "necessities". Where in the announcement did it say anything about basic essentials like groceries? None of the plans and "vision" have basic essentials listed and nothing has been built. Traffic WILL be a nightmare. There is no east/west road capacity. GeorgeP, you also post on www.carmelchatter.com and your posts have repeatedly been proven wrong. You seem to have a fair amount of inside knowledge. Do you work on the third floor of Carmel City Hal?

  5. I don't know about the commuter buses...but it's a huge joke to see these IndyGo buses with just one or two passengers. Absolutely a disgusting waste of TAXPAYER money. Get some cojones and stop funding them. These (all of them) council members work for you. FIRE THEM!

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