Old office building to be transformed for mixed-use project
City officials recently joined representatives from Atapco to officially kick off a $75 million project that will turn an aging office center into a high-density mixed-use development between Carmel City Center and the Meridian Street office corridor.
“It’s a good project,” Carmel Mayor Jim Brainard said. “It was one of our older office buildings, and it’s good to see that capital and that building being refurbished. It’s a very exciting design that should attract good tenants.”
The Baltimore-based developer held its “groundbreaking” ceremony at the site of the soon-to-be refurbished Lakeside Green Business Center, taking sledge hammers and tearing down the existing walls. It will be the first Class A office development in Carmel since 2009 and will meet or exceed the new LEED v4 building standards, which means it’s very environmentally friendly.
The 35-acre mixed use development features 61,000 square feet of office space in a one-story building with 238 parking spaces. There also around 280 apartments in the works in 10 buildings. Residents will be able to enjoy amenities such as a fitness center, workout room, basketball court and a future retail center within walking distance.
The existing buildings were built in the 1980s and 1990s and Brainard said they were in need of the facelift that Atapco is providing.