Carmel will shortly begin the construction phase of the Monon Square renovation project

Carmel, Indiana – The brand-new housing and commercial development that is going to be built in Carmel will have construction crews getting to work on it very soon.

The majority of the Monon Square commercial area was reduced to rubble during the construction of Carmel’s newest development, which will shortly begin to take shape.

“The City of Carmel has a city center and a midtown redevelopment area and there’s a big missing puzzle piece in the middle,” said Henry Mestetsky, the executive director of the Carmel Redevelopment Commission.

According to Mestetsky, the Monon Square was the component of the mystery that was still missing. In 2018, the city made the acquisition of the land and assisted the existing businesses in their search for other locations.

The redevelopment of the site will occur in two stages, beginning with the first one today. On the northern portion of the land, the first phase of the project will include a mixed-use residential and commercial development that will cost one hundred million dollars. The southern portion of the land will be the location of the second phase of the development, for which the city has not yet made the plans public.

“We’ve created these walkable areas with first-floor businesses where people want to work, live and play,” Mestetsky described of recent developments. “And really Monon Square was the last big piece between City Center and our Arts and Design District.”

The new development will have residential options such as flats and condos, in addition to commercial suites.

“Really the more that we build, the more desirable the area becomes moving forward,” Mestetsky said.

The facility is going to be located next to the Monon path. Residents in the neighborhood, such as Grace Gabbert, believe that it is exciting to watch the area along the Monon River continue to develop. Gabbert calls an apartment building that is adjacent to and already located along the trail his home.

“I grew up around this area,” she said. “Just to see this area grow so rapidly the way it has been is awesome. Just being able to walk outside and get on the Monon and walk anywhere really is so fun.”

According to Gabbert, new developments provide locals a greater variety of choices and activities.

“You can really walk anywhere and it’s like the city feeling but you’re still in a suburban area,” she described. “I think the continued growth is all good.”

It is anticipated that the first stage of the project would be finished within the next 18 to 20 months. According to Mestetsky, the city engineers will install all of the utilities underground as part of the project, which will result in the modernization of Veterans Way.

The city has stated that it is continuing to work on the designs for the second phase of the project.