City of Carmel

www.carmel.in.gov                                            One Civic Square, Carmel, IN 46032

NEWS RELEASE

Date:              March 16, 2006
Contact:         Nancy Heck (317) 571-2494


Release:        Immediate

Monon & Main Breaks Ground in the Arts and Design District
Carmel, IN – Ground was broken this morning for the new Monon and Main development in the Carmel Arts and Design District. The development, appropriately named, is on the north side of Main Street, just west of the Monon Trail. Mayor Jim Brainard, Gunstra Builders President and CEO, Bruce Gunstra and president of the Carmel Redevelopment Commission (CRC), Ron Carter and members of the Carmel City Council and other local dignitaries were all in attendance to celebrate this new exciting project.
              Plans for the Monon and Main development feature 77 three-story townhome-style condominiums, 19 of which will have an opportunity for a small retail storefront on its lowest level.  The townhomes will range from 1,300 square feet to more than 2,400 square feet. The location will provide immediate access to the Monon Trail and the shops, restaurants and events in the Arts and Design District.
              “The City of Carmel is proud to have Gunstra Builders investing in the Old Town Arts and Design District.  This development will be a wonderful complement to the existing residential and retail options in the District. Ownership, such as is available at Monon and Main, is key to the long-term success and vitality of the area,” Mayor Brainard said.
Gunstra joins other development companies with a mix of residential and retail buildings in the area including Pedcor (Old Town Shops at Main and Range Line) and AMLI (Main and 1st Ave. SW).  
For the past several years, as part of its commitment to the Old Town area, the City of Carmel has invested in excess of $20 million in improvements, including new sidewalks with brick accents, historic street lights and signs, upgraded storm sewer and water systems, and street improvements. Brick sidewalks were installed along with underground wiring for street lights along Main Street and Range Line Road in the Old Town area. The addition of the Arts and Design District archways helps focus attention in the central part of Old Town where art galleries, boutiques, restaurants, specialty shops and the Indiana Design Center will be located.
The AMLI retail and residential center just east of the Monon Trail on the south side of Main was the earliest major project in the area as part of this initiative.  Monon and Main will be the first major residential development west of the Monon and is just the beginning of the expansion of Main Street in this direction.
              The Arts and Design District is vital to the economic development of this area. Already, more than 360,000 people visit the area each year and as more galleries, restaurants, shops and events come to the area this number will continue to grow. Public art has also been added to the area to attract visitors. Major events scheduled for the area this year include the International Arts Festival in September and the Holiday in the Arts District in December. Other events and celebrations will be held in the district throughout the year.
The CRC is responsible for the redevelopment efforts of both the Old Town and City Center projects. In addition, the CRC manages other public-private partnerships where city land

is being redeveloped to improve economic growth of targeted areas of Carmel. The Mayor and City Council appoint members of the CRC. Current members include president, Ron Carter, William Hammer, Jerry Heniser and Rick Sharp.
              A model home in the Monon & Main development is planned to open this fall.  For more information specific to this development, call Gunstra Builders at 595-9095.

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