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As a resident within Legacy I am not happy about this at all. Tell the master developer to stick to the PUD. He bought the site for Close to nothing from Star bank. (he is also married to a family member of the family that owns the bank oddly enough). He has made a fortune selling lots during the housing boom the last 5 years. I know these build to rent developers are paying a premium per acre but this is silly. Stop the greed and stick to the plan. I urge our great zoning and BZA officials in Carmel to shoot this down. The only parcel within the PUD that should be “reconsidered”is the section zoned office and it should not be for rentals. JDF out.
Agreed
Totally agree. Doesn’t seem like something Mayor Brainard would approve.
Every community in our state is suffering from a housing shortage. When you continue to see signs begging for employees- the primary reason is those workers cannot afford to live in your community and there is no public transportation for them to get there to work, from the locations where they can afford to live. Rents are at an all time high- people are struggling to survive right now. That may be hard to see from where some of us sit every day, but it is a reality for most. Not too mention- there is an increasing percentage of residents who are shifting from home ownership to rentals; for various reasons. Some are too old to take care of their property, some are cashing out and moving into a rental with no responsibilities of maintenance so they can travel or do whatever they want, some are down sizing…the list is endless, but it is a reality for every community. As every HOA in the state are in the process of amending covenants to not allow rentals in their neighborhoods- where do you want people to live, who cannot afford to buy? These rental communities are needed- if we like them or not. We have to find a balance in every community or we may end up with problems we never imagined.
Great point!
Where can our children live? Recent grads and/or young families need affordable housing to start their lives. If we want our children and grandchildren to live near us (the older Carmel homeowners) where can they go? Just asking.
There are plenty of undeveloped pieces of land that can be developed into multi family and rentals. I am not against the concept at all if built in the right location. I am actually a developer myself and considered a JV with a Build to rent developer recently. This developer is not trying to “solve the affordable housing issue”. The site mentioned in this proposal was master planned within a PUD for specific uses. The owners that have spent 700k plus on their homes immediately next door thought they knew what they would have next door. Now that plan is being changed potentially. These rentals will not be priced for the workers that we desperately need in Hamilton county. (I am also a restaurant owner that is very short staffed at all my locations). I respect your opinion and if the city wants this to happen it will happen regardless of what I think. I just believe that they can find sites for this use that are not master planned within a PUD. Thx