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HomeMy WebLinkAboutProject Description 08-09-24EXHIBIT “D’ EXPLANATION OF REQUEST By way of general background, in 2006 the Carmel City Council approved the Gramercy Planned Unit Development District, Ordinance Number Z-493-06, (the “Gramercy PUD”) that permitted a mixed-use development on the former Mohawk Hills apartment property. Permitted uses within the Gramercy PUD include multi-family dwelling units, townhomes, senior housing, office and retail uses, as well as a hotel use. After adoption of the PUD in 2006 there were significant changes in the economy and housing industry that prevented the overall “plan” for the Gramercy PUD from advancing forward at that time. However, the circumstances that prevented the Gramercy PUD from proceeding in its entirety have now changed and Buckingham Properties, LLC (“Buckingham”) is now proposing an amendment to the Gramercy PUD with a plan designed as an urban residential development on a portion of the property and the zoning request is referred to as the “2024 Gramercy PUD Amendment Ordinance” (the “2024 Gramercy PUD Amendment”). The portion of the development that is the subject of the 2024 Gramercy PUD Amendment is referred to as “Gramercy East” and consists of approximately 33 acres located south of and adjacent to City Center Drive along the east and west sides of Kinzer Avenue, which real estate is shown and depicted on the site location map included with the submittal (the “Real Estate”). Additionally, the 2024 Gramercy PUD Amendment is a “sister-project’ to another Buckingham rezone proposal seeking C2-Mixed Use zoning for three (3) parcels of real estate that are located north of and adjacent to Carmel Drive and adjacent to intersection of AAA Way and Carmel Drive, which rezone request is referred to as the “Carmel Marketplace” and is identified by Docket Number PZ-2024-000117 Z. The conceptual site plans and building designs for both Gramercy East and the Carmel Marketplace were reviewed earlier in 2024 by both the City Council and Redevelopment Commission as part of Buckingham working on issues related to the Gramercy TIF. Further, both projects have been designed to complement each other, as well as complement the other new development that has occurred in the overall Gramercy area to date. The 2024 Gramercy PUD Amendment seeks a limited number of modifications to the underlying requirements of the Gramercy PUD. The vision for Gramercy East is to provide a walk-able, pedestrian friendly community with neighborhood-oriented retail uses. Gramercy East will consist of: (i) for-sale townhomes; (ii) for-sale condominiums over retail and structured parking; (iii) multi-family apartment buildings; (iv) renovation of some of the existing 2-story apartment buildings; (v) dedicated public park and plaza spaces; (vi) additional common area and open space areas; and, (vii) new pedestrian and vehicular connectivity.