The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Group’s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a new home for the VFW Post and an underground parking garage for 400 vehicles. “The Arts District Lofts & Shoppes will expand options for high quality urban living and entertainment in Carmel and complement the City’s focus on art and design” said John E. Suter, Director of Design for Keystone. The $45 million project will incorporate many unique features including green building principles and is set to become Carmel’s first LEED certified structure. The new building will surround a grand public courtyard while a rooftop garden will create a secluded “backyard” for the residences. The project should be complete within 18 months from the beginning of construction.

Location:

Main Street & Monan Trail

Square Footage:

350,000 sq foot

Project Info:

This development is a private/public partnership which consists of a six-story mixed use building including two floors of underground parking. This building will also include 150 luxury apartments, 40,000 square feet of retail space, a 20,000 square foot courtyard and 468 parking spaces (68 street level, 400 underground).

The building?s rooftop will incorporate plenty of green space including trees, flora and grassy areas catering to the apartment residents. In addition, this will be the first Silver LEED Certified Building in Carmel.