CARMEL, Ind. (WISH) - Carmel is moving ahead with plans to replace a rusting relic on Range Line Road.
The sign on the side of the old warehouse now says "Party Event Rental" in red letters. Before that, "they used to make bolts and screws at this site," Mayor Jim Brainard told 24-Hour News 8.
He would like to see something different on the property now. Brainard said the city has "laid out what it would like to see there, the highest and best use, we think, of that land."
The city received one bid from a developer. But, in what seems like an oddity of Indiana law, the city is not obligated to accept that bid. After a waiting period expires, Carmel's Redevelopment Commission will be able to negotiate with anyone.
"We see a mixed-use building with underground parking," Brainard said. "It would be a huge improvement to the way that corner looks."
The building would be as many as six stories tall. Brainard said researchers have concluded "that you need four to six stories to be able to support ground-floor retail." And, a building of that size "maximizes the revenue to the city."
The project would get some city help to get started.
"Every time there's development, the city has to spend money," Brainard said.
But, he'll tell you he also expects a return on the investment.
"The rule of thumb is that the revenue can be substantially more from a mixed-use building than a single story building. And, because we already have fire protection, police and a lot of other city services in this area, it makes a lot of sense, financially, to develop," he said.
The principle for this property would be akin to what Carmel has done in its Arts & Design District and in its City Center development. Low rise but "architecturally-significant" buildings.
"We think the city's downtown architecture ought to inspire people, make them proud of their community, and so architecture is important," Brainard said.
The timing of the project depends on negotiations between developers and the Redevelopment Commission.
A winter weather advisory was issued for Wayne, Union, Switzerland, Ripley, Ohio, Franklin, Fayette and Dearborn counties on Saturday night.
Lawrence Police are investigating an overnight shooting in the 8800 block of Pendleton Pike. Police say the shooting happened around 3 a.m. Sunday morning.
Hendricks County has a lot to offer for people wanting to shop locally for Christmas. Dick Wolfsie spent some time in Danville getting to know what options are available there.