Locally based J.C. Hart Co. has broken ground on a $19
million apartment community at the northeast corner of 116th Street and College Avenue in the Carmel Performing Arts District.
The "urban inspired" One One Six Apartments will feature 191 units in nine buildings including two loft-style structures
served by elevators and designed to appeal particularly to active seniors. The City of Carmel supported the project with a
$2.1 million tax-increment revenue bond. Key Bank provided the private financing. The project should be ready for occupancy
by next summer. (Click the image for a PDF of the rendering by Indianapolis-based Weaver Sherman Design.)
Elsewhere:
- Barley Island Restaurant & Brewhouse has closed in Broad Ripple, a few months shy of its two-year anniversary. The prime corner spot at the southeast corner of Broad Ripple and College avenues previously was home to Scholars Inn Bakehouse.
- Zoup! Fresh Soup Company is opening its first central Indiana location, on West Carmel Drive between Pennsylvania and Old Meridian streets in Carmel. The Michigan-based chain has 33 locations in nine states. The restaurants serve a rotating 12 varieties of soup each day, along with sandwiches and salads.
- J. Razzo's, a new Italian restaurant from the veteran restaurateur John Perazzo, is under construction in Carmel. The new restaurant and cafe at 12501 N. Meridian St. will serve local wine from Rettig Hill Winery and homemade pastas and breads.
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BTW, the design of the Carmel apartment community....not attractive.....AT ALL!
of Carmel Indiana, the TaxPayers,
will be stuck with this, too!!
Another waste of good money.
I don't think it's the corner that's cursed, it was just a bad restaurant. However, the proximity to parking at that corner likely hinders business some. If the new garage goes where Corey's story states, then perhaps it will help this.
And I guess now I know that there probably wasn't anybody inside.
And that location wasn't the only place where Scholars Inn failed. They used to be downtown where Mesh now is.
It's a shame however that businesses keep failing there.
111 West Main Street, Suite 140 - Carmel, Indiana 46032.
And this, as well: Located in the heart of Old Town Carmel, Indiana, the Arts & Design District is the Midwestâs premier arts and design destination.
Cory: Maybe you could get a clarification from the devleoper and issue a correction? As stated, it looks like the press release is trying to capitalize upon an area of which it is not a part. (And this is a strange location for apartments, I would think.)
I would be this rental product is absorbed. After all, it's on the doorstep of the 2nd largest employment corridor in the state.
http://www.carmelartsanddesign.com/FEATURES/districtmap/images/ARTSDISTRICT.pdf
Obviously, Hart's latest project isn't urban. I would call it dense suburban though. This is a good location for the product and will allow some to walk to work and will certainly help activate the struggling retail at 116th and Guilford.
Let's also recognize this is somewhat affordable and will give more income levels access to good schools, carmel employments corridors, etc.
Nice work Carmel for having the vision to allow for this type of project in this location.
I live in Carmel and have never heard of the performing arts district. Maybe you are referring to the Arts and Design District, which is clearly marked and this project is well outside.