HomeMy WebLinkAbout2008-0929; RJ RudolphCarmel Plan Commission
Re: Comprehensive Plan Update
As you are aware our company Resource Commercial Real Estate is the agent
for the sale of the Conseco 48.62 acres on the southwest corner of 116th and
Spring Mill Road.
Over the past year and a half much of the interest we have received on the site
from potential buyers is for higher density residential and assisted living and
some from retail support.
Now that Keystone Avenue has been designated as the residential corridor and
Meridian Street is planned to be a limited access highway and commercial and
with the new residential development over the past several years on the west
side of Meridian Street, there is increased demand for business services and
amenities on the west side of Meridian Street at 116th for convenience of people
living and working in the area.
Many of the buyers / developers that have shown interest in the Conseco ground
either for assisted living and higher density residential are attracted to the site
because of it’s proximity to The Clarian North Medical Center, The Indiana Heart
Hospital and St. Vincent’s North Hospital that would also increase the demand
for services on the west side of Meridian Street.
With Carmel’s recent roadway and infrastructure up grades in the area, the
existing office parks and planned office building projects and the addition of a
major medical facility it makes sense to have higher density residential mixed
with retail support as a buffer to single family residential further west of the site.
If the land owners in the direct vicinity including Clarian North, Fidelity Office
Park, Conseco and Pittman Properties jointly planned developments carefully
with all land owners and residents in mind it could be a tremendous asset to
Carmel residents.
The general economy, cost of living and the cost of fuel are causing people to
take a very hard look at where they live and shop as it relates to where they
work. Having a wider variety of residential developments and support services
west of Meridian at 116th would be a true benefit to the entire area.
R.J.
R.J. Rudolph, Jr., SIOR
Principal
900 East 96th Street, Suite 350
Indianapolis, IN 46240
O – 317.663.6550
F – 317.663.6554
M – 317.460.1026
www.resourcecre.com
This email message is for the sole use of the intended recipient(s) and may contain information
that is privileged and confidential. Any unauthorized review, use, disclosure, or distribution
is prohibited. If you are not the intended recipient, please contact the sender by reply email
and destroy the original and any copies of the message as well as any attachments.