CARMEL, Ind.– The latest construction project in Carmel’s City Center is a $10 million, mixed-use building that will house apartments and several locally owned retail shops.
The Nash will have three stories and 31 apartments and is the latest addition to the 88 acres the city has been developing since 1997.
“We’ve got about 10 buildings left,” said Carmel Mayor Jim Brainard. “We have close to half a billion dollars in private sector building here, so it’s a great success for Carmel.”
The mayor said there is a tremendous demand for rental space in the area. Many businesses have recently opened up in City Center including The Bike Line.
“It seems to me that every time they build more people move in. The infrastructure in Carmel is good, we can handle it so I say bring it on,” said Jimmy Revard, an owner of The Bike Line. The business moved from its previous Carmel location to City Center about a year ago.
“I’ve seen Carmel grow very rapidly in the 15 years I’ve been here,” Revard said.
Brainard said the overall vision for Carmel’s new downtown is to give residents everything they need right where they live.
“We wanted our own downtown, our own amenities,” said Brainard.
“We’ve been here about six years and I’m flabbergasted by how it’s grown. It’s become a really great town to boast about. I compare it to a small little Chicago where there’s just so much at your fingertips,” said Carmel resident Amy Slifer.
Brainard said he believes encouraging more people to live at City Center will spark more economic growth.
“I think as a result we’ll be much more successful in attracting jobs to Carmel,” said Brainard.
The official groundbreaking for The Nash is Thursday at 11 a.m. at the site which is just north of the First Financial Bank on Rangeline Road. The public is invited to attend. Construction should take a little more than a year.