HomeMy WebLinkAboutProject Explanation 10.18.241
EXHIBIT “D”
EXPLANATION OF THE “ARDALAN PLAZA” COMMITMENT AMENDMENT REQUEST
The City of Carmel Redevelopment Commission is the owner of parcels of real estate that are
identified by the Auditor of Hamilton County, Indiana as Parcel Numbers 16-09-25-16-01-003.000 and
16-09-25-16-01-001.000 (collectively, the “CRC Parcels”). Abdolaziz M. & Masoomeh Ardalan, as
Trustees of the Abdolaziz M. Ardalan Living Trust and the Masoomeh Ardalan Living Trust (collectively
referred to herein as “Ardalan”) are the owner of parcels of real estate that are identified by the Auditor of
Hamilton County, Indiana as Parcel Numbers 16-09-25-16-01-003.001 and 16-09-25-16-01-002.000
(collectively, the “Ardalan Parcels”). The CRC Parcels and the Ardalan Parcels are collectively referred
to herein as the “Real Estate”.
The Real Estate is zoned C-2, is slightly less than 1 acre and is located south of and adjacent to
Main Street, west of and adjacent to 3rd Avenue SW and east of and adjacent to 4th Avenue SW.
Ardalan has filed applications seeking Development Plan, Architectural Design, Lighting,
Landscaping and Signage approval (collectively, “DP/ADLS”), as well as certain development standards
variances (collectively, the “Variances”). The DP/ADLS and Variances are collectively referred to herein
as the “Applications”.
The Applications seek approval for construction of a mixed-use building to be known as the
“Ardalan Plaza” that will consist of: (i) retail uses (a restaurant space, retail tenant spaces and an art
gallery) and five (5) enclosed private residential garages on the first floor; (ii) four (4) luxury
condominium residences on the second floor; (iii) the Ardalan’s personal residence on the third floor; and,
(iv) the Ardalan’s private roof-top terrace including a greenhouse.
The proposed mixed-use building is elegantly and exquisitely designed, as the architecture is
modeled and themed after an Italian Villa including details such as decorative columns, cornices, and
balustrades. The 3-story Building provides a continuation of activated ground floor retail and restaurant
spaces along Main Street. Further, the luxury condominium residences are thoughtfully and purposely
designed and include such features as: spacious out-door balconies; multiple bedrooms and living spaces,
with high-end interior finishes and soaring 12-foot ceilings.
Associated with the Applications described above, the CRC and Ardalan are also seeking
Commitment Amendment approval related to three (3) zoning commitments affecting the Real Estate,
which zoning commitments were recorded with the Office of the Recorder of Hamilton County, Indiana
as Instrument Numbers 2016-027832, 2024-021895, and 2024-021901 (collectively, the “Zoning
Commitments”), which Zoning Commitments were associated with the approval of a rezone request
identified by Docket Number 15030009 Z and Ordinance No. Z-611-16. The Commitment Amendment
requests to vacate the Zoning Commitments in their entirety in order to permit the development of the
Ardalan Plaza.