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Carmel plans redevelopment for retail property near City Center

August 22, 2018

The city of Carmel is moving forward with plans to redevelop a shopping center directly east of Carmel City Center.

The Carmel Redevelopment Commission is preparing to issue a request for proposals for the redevelopment of Mohawk Landing Shopping Center at 700 Rangeline Road, likely into a multistory, mixed-use development like those across the street.

City officials expect to post an RFP within the next month or two in search of a developer to convert it into a mix of homes, restaurants, shops and office space.

Carmel purchased the plaza, located on the east side of Rangeline, south of 126th Street, last year when it was acquiring land for a roundabout at 126th Street and Rangeline. The roundabout eliminated about 10 of the 58 parking spaces at the center, and city officials determined it would be more cost-efficient to buy the whole property than pay for just the parking spots.

The city bought the roughly 2-acre property for $2.8 million last June and transferred it to the Carmel Redevelopment Commission a few weeks ago.

The L-shaped, single-story shopping center was built 36 years ago and still has several tenants, including Pizza Hut, Thai Castle, the National Guard, Classic Kitchen & Granite, Allstate Insurance and Kim’s Alterations. About 40 percent of the 15,860-square-foot center is unoccupied.

The city plans to demolish the building but said it will work with businesses to ensure they stay open in Carmel. 

Carmel Mayor Jim Brainard said he’ll be looking for proposals that complement the City Center development across Rangeline Road.

Since taking office in the late 1990s, Brainard has led efforts to convert many of the city's aging retail centers into multistory, mixed-use buildings.

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