Carmel to Unveil More Midtown Momentum
Carmel leaders will this week detail what the city calls a major new development in the Midtown area. Mayor Jim Brainard will join representatives from a major real estate company for Tuesday's announcement.
The 1:00 p.m. event will also include officials with Old Town Design Group.
In January, Allied Solutions announced plans to expand its headquarters in the Midtown district, creating more than 600 jobs by 2025. The subsidiary of Minnesota-based Securian Financial Group is leasing four floors of a new five-story headquarters facility as part of a $32.9 million investment. Construction is set to begin in May on the facility that will also include mixed-use space on the first floor. At the time, Brainard called the announcement an illustration of "the bright future for development in the Midtown redevelopment area."
Last year, two developers announced plans for a $45 million mixed-use project in the district. Midtown West would include 250 residential units and space for a major business tenant, connected by a sky bridge. When they unveiled the project in March 2015, Old Town Development and Barrett & Stokely said construction would begin in the fall of 2016. That same week, Old Town Development detailed plans for a $16 million building to house The Edison Business Lounge and Vintage Coffee/wine Bar.