A new 4-star luxury boutique hotel is in the works for the City of Carmel.
“The name right now is the Georgian,” said Carmel Mayor Jim Brainard. “It’s not associated with a chain at this point.”
The hotel hasn’t been approved yet. Still, the mayor said four other big projects will be ready to go in 2013.
“There’s going to be four groundbreakings,” Mayor Brainard said. “Buildings on either side of the parking garage at the Tarkington building at the City Center and two buildings closer to Range Line right in the City Center.”
The president of the Carmel Chamber of Commerce said 2013 is going to be a busy year.
“For a couple of years there wasn’t much on the planning commission’s docket,” said Chamber President Mo Merhoff. “That has begun to slowly build. In addition to City Center projects the redevelopment at Range Line Road and 116th Street, the things happening with the completion of Illinois Street, the Bridges Project and obviously what’s going to happen when U.S. 31 begins in earnest.”
One project—“The Mezz on the Monon”—will include apartments and businesses.
Carmel’s well-publicized financial problems made headlines in 2012. As the calendar turns to 2013, Brainard said the city will be in better shape.
“We took our debt from an average of six percent to about three points less and that should save us four to five million dollars a year most years,” said Brainard. “We have over $20 million in the bank and our tax rates are staying low so we’re really optimistic.”
The president of the Carmel Chamber said this is good for attracting new business and a young workforce for the future.
“The cities who get that are winning,” said Merhoff.