Monon Square North is a two phase, $100 million development along the Monon Greenway that will be part of the connection between Carmel City Center and Midtown. Monon Square North is a key component in the development of a lively, thriving, walkable downtown in Carmel. The northwest quadrant will be a $70 million development and include 21,000 square feet of office/retail space, including the relocated Carmel-based Salon 01, 249 multi-family units, and a 390-space free public parking garage. The northeast quadrant will be a $30 million development and include 122 multi-family units, retail/restaurant space, at least 10 for-sale condos, and a 79-space free public parking garage. This project will also include a solar component. Future commercial taxes from the project (TIF) will be used to finance the free public parking garage and infrastructure improvements. This project is expected to break ground in late 2023.

The Carmel Redevelopment Commission is partnering with Stirsman Property Group and J.C. Hart Company on the development of this project.

Location: Northwest corner of South Rangeline Road and West Walnut Street