Edison Business Lounge, Vintage Coffee/Wine Bar part of new $16 million Midtown project building

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A Carmel developer has announced plans for the first major project in the city’s Midtown area, a $16 million, four-story building that will feature a co-working space to be known as the Edison Business Lounge. The project will also include The Vintage Coffee/Wine Bar as an attached café. The announcement was made by Old Town Development, which is the primary developer of the $150 million Midtown project near Carmel’s Arts & Design District.

The Edison will offer 20,000 square-feet of up to 50 private offices and another 50 desk spaces on the second floor of what is currently referred to as Building One and will be located on the east side of a Plaza planned for the Midtown project, a few blocks south of Main Street. The Edison is designed to be used by individual entrepreneurs, small companies or other workers who want a convenient place to work and network with others. Meanwhile, The Vintage Coffee/Wine Bar will be a main-level, 1,800 square-foot café serving breakfast, lunch and cocktails in the afternoon. It will also be open to the public.

“We are excited to hear the news that our Midtown redevelopment project is already beginning to take shape. Our vision is to see this area attract a broad array of uses, including residential, retail and business. This project will fill a need for start-ups who need office space but are not quite ready for a lot of square footage,” said Mayor Jim Brainard.

The Edison will be open to members who will pay fees to use office space, desk space, conference rooms, small meeting rooms and other on-site business services such as office equipment and high-speed internet service. In addition to the café, the general public will also be able to rent a conference room for meetings, even if they are not members.

Justin Moffett, partner at Old Town Development, added: “This is not just for the high-tech entrepreneurs, but also for anyone seeking a way to grow their business by connecting with others and developing new relationships simply by being in the same work space on a consistent basis.”

The Edison project will be headed up by William Waldren, who founded the concept in Milwaukee several years ago and Randy Jaunzemis, an Old Town Carmel resident with an expansive career in the logistics business. In addition to offering services such as an on-call IT staff, Waldren plans to attract business seminars and mentorship programs that benefit all members.

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