The settlement will allow developer Green Indy LLC to build a revised version of the so-called Alexander at the Crossing project that was initially denied by the Metropolitan Development Commission last year.
Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have "details to share" at this time.
In September, the Carmel Board of Zoning Appeals denied a variance request from Forrest and Charlotte Lucas to allow for large gatherings on their massive West 116th Street estate. That decision hasn't stopped the parties.
The Metropolitan Development Commission rejected a request from local developer Keystone Realty Group to rezone the site near Keystone at the Crossing to make way for a 60,000-square-foot office and retail building.