Rose's plan for $80M Carmel project moves forward

February 21, 2014
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Edward Rose Properties’ proposal to develop an $80 million project advanced this week when the Carmel Plan Commission signed off on a rezoning request for the 30-acre property.

As IBJ reported in January, the Michigan-based apartment specialist is seeking approval for “The District,” a mixed-use development southwest of the roundabout at Old Meridian and Main Streets.

rop-carmel-rendering-15col.jpgEdward Rose's proposed mixed-use project would include two retail "nodes" along Old Meridian Street. (Rendering courtesy of Edward Rose and Sons.)

Preliminary plans calls for 400 apartments—including some wrapped around a four-story parking garage and some above-ground-floor retail space—along with 65 single-family town homes, a senior-living facility and a boutique hotel.

Two stand-alone retail buildings of no more than 20,000 square feet would join the hotel on Main Street, and two 10,000-square-foot retail “nodes” are planned for the project’s Old Meridian frontage.

The Edward Rose property wraps around a 5.3-acre parcel at the intersection, where Indianapolis-based Keystone Realty Group is proposing to build Sophia Pointe, a high-end apartment and retail project. (The Plan Commission’s special studies committee will review that proposal next month.) Its neighbor to the west would be Rose’s existing Alexandria Apartments, which has about 325 units.

This week, Plan Commission members voted 8-1 to forward Edward Rose’s plans to the City Council with a positive recommendation. The council has the final say on so-called planned unit development requests, which establish project-specific rules and development standards.

Rose’s team has been working with city staff to address concerns about proposed architectural standards, the street layout and connections to the Keystone property. Ultimately, the Department of Community Services recommended the commission approve the rezoning request.

Planning administrator Rachel Kesling said although the proposed design is more modern than the surrounding area, “it will be interesting to see how it blends with the more traditional architecture on Old Meridian and in the existing Alexandria Apartments.”

The special studies committee was particularly interested in the likelihood of the hotel coming to fruition, member Alan Potasnik said. The developer said it is working with a national hotel company on the project.

City Council could consider the project at its March 3 meeting.

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  1. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

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