The Carmel Redevelopment Commission has issued an official Request for Proposal to developers seeking to partner with the City in the redevelopment of 1.7 acres at the northeast corner of Main Street and Range Line Road. The City of Carmel acquired part of the property, informally known as the “PNC property” in December.
The Request for Proposal is the first step in the process to redevelop the land into a mix-use development that will bring more residents, more jobs and more opportunities for small businesses to the Arts & Design District. PNC Bank, which sold the land to the city, will remain on location during and after the redevelopment project.
“This is an exciting step forward for our business community and our local residents who have wanted a lively and vibrant area in the heart of our community,” stated Mayor Jim Brainard. “This project in particular will benefit our local, small businesses to the east of Range Line Road, bringing with it more activity from sunrise to sunset with a mix of office workers and residents.”
The CRC is seeking a for-profit developer to propose and construct a development which will enhance and anchor the main crossroads of the Arts & Design District. The CRC will collect and review proposals before selecting a developer, if any, that meets the objectives and terms of the RFP.
“We are looking to partner with the best developer who offers up the best proposal that is fitting for such a high-profile corner as Main Street and Range Line Road,” CRC Director Henry Mestetsky stated. “This particular parcel is already receiving some national attention, so we expect the competition for the winning proposal to be intense.”
The land is now being referred to as “Lot One” as a portion of the site incorporates lots 1 to 4 of the original town of Bethlehem, Ind., plat. Carmel was founded as Bethlehem in 1837 before officially changing its name to Carmel in 1874.
The CRC will host a pre-proposal meeting at 10:30 a.m. Wednesday, March 27, at Carmel City Hall with plans to open proposals on May 1. Developers will be asked to include the following in their proposals:
- Construct a mixed-use development with architectural design characteristics commensurate with neighboring developments and the City’s vision for Main Street.
- Construct retail space within the mixed-use development, including a retail bank branch;
- Provide adequate underground on-site parking for the development and the public, of which, 25 percent of total parking may be reserved for the development.
- Include a setback on the southwest corner featuring the Carmel Rotary Clock.
- Provide storm water management for the parcels and coordinate storm water management to include surrounding areas and existing city infrastructure coming from properties to the north, west, east, and south.
*Source: City of Carmel