It’s been a nearly a year since the official groundbreaking for The Proscenium, but very little has happened on the site since then.
That’s expected to soon change.
Carmel Redevelopment Commission Executive Director Henry Mestetsky said that in the next two weeks crews should begin grading and other preliminary work on the $60 million mixed-use development – which was originally announced in 2015 – on the northwest corner of Range Line Road and Carmel Drive.
Mestetsky said utility relocation needed to occur before building construction could begin.
“The CRC and the developer, Anderson Birkla, agreed to terms over a year ago,” Mestetsky said. “The deal contemplated Duke Energy ordering and burying a major transmission line underground on the site, a complicated process that took some time.”
Lew Middleton, a spokesperson for Duke Energy, said the utility company has been on schedule.
“Duke Energy believes it is completing its underground transmission line work on this project according to the agreed-upon schedule with the City of Carmel,” Middleton said, adding that delivery of the transmission cable should happen next week with installation beginning soon after.
He also said that Duke Energy gave approval to the developer in late 2017 to construct the first level of the concrete podium and indicated areas where initial site work could safely begin.
The Proscenium, which will be built on the site of the former Party Time Rental and Arby’s restaurant, includes six buildings and a restaurant amenity with a natural green lawn, all built on top of an underground parking garage.
“The Proscenium is a game-changer for our southern central core that will provide a perfect location for attracting corporate headquarters,” Mestetsky said.
Construction is expected to take 18 to 24 months.