City of Carmel                                            One Civic Square, Carmel, IN 46032


Date:           June 9, 2005                              
Contact:      Nancy Heck (317) 571-2494

Release:      Immediate

Plans Unveiled for New Development in Arts & Design District

Carmel, IN – Ground was broken and plans unveiled at 11 a.m. this morning for phase one of the retail/residential units located at the southeast corner of Range Line Road and Main Street in the Carmel Arts and Design District. The redevelopment of this corner is the second large project undertaken by the Carmel Redevelopment Commission (CRC) and City of Carmel as part of their plan to create an Arts and Design District filled with art galleries, boutiques, cafes, and other specialty shops. The AMLI retail and residential center closer to the Monon Trail was the first major project in the area as part of this initiative.
            Phase one of the development on the southeast corner of Main and Range Line Road includes six live/work units totaling approximately 30,000 square feet of retail and residential space. These units will be similar to the AMLI project in that they will have retail on the main level and residential on the upper two or three floors. It will differ from AMLI in that the majority of this project will be sold by the developer to the business owners. This allows smaller businesses to own their own building and have an investment in the district in which their store or gallery is located.
            Phase two of this project will add four more units to the east end of phase one along Main Street. The eastern most unit will house the Carmel Chamber of Commerce, who have temporarily moved their offices to a location at 131st and US 31.
            Pedcor is developing this property and will retain ownership of the corner unit at the intersection of Main Street and Range Line Road. Pedcor is the same company that is developing City Center at Range Line Road and City Center Drive (126th Street).
            “We are excited to move ahead on phase one of this development so that the artists who are investing in this property can locate in the district and increase the cultural vibrancy here. This is exactly the type of development we envisioned with the creation of the Carmel Arts & Design District,” said Mayor Jim Brainard.
            Those investing in the new development include Cathy Spoon, owner of Red Dot Gallery; Cherie Piebes and husband John Heinzinger, co-owners of Artisan Masterpiece; Mark Grosser, owner of M Grosser Jewelry Design Gallery; and Magdalena Hoyos-Segovia, owner of Magdalena Hoyos-Segovia Artist Gallery.

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