Indianapolis, IN
Developer planning $123M third phase of Carmel's Proscenium project – Indianapolis Business Journal
A developer with plans for a $123 million third phase of the Proscenium complex in Carmel is seeking $19 million in tax-increment financing bonds for the project.
Carmel-based Novo Development Group LLC and the city of Carmel are looking to partner to construct Proscenium III at the northwest corner of the roundabout at South Rangeline Road and Executive Drive.
If built according to current plans, the development will feature 151 apartments, a 125-room boutique hotel, 63,000 square feet of office space, 15,000 square feet of retail space, 508 parking spaces and a public plaza.
“This is a project that is being driven by the need for office because we know that some office users are still moving into new headquarters,” Carmel Redevelopment Commission Director Henry Mestetsky told City Council members. “And, frankly, for every new office move that exists, they’re really picking between Bottleworks [in Indianapolis], Carmel and downtown Fishers when we need to make sure that they pick us.”
Proscenium III would be built on land west of Carmel City Hall currently occupied north-to-south by three single-family houses, a city-owned parking lot and an office building.
The project would be bounded by the Zeta Tau Alpha International headquarters (1036 S. Rangeline Road) to the north, South Rangeline Road to the east, Executive Drive to the south and Veterans Way to the west.
According to preliminary renderings, the boutique hotel would be built closest to the roundabout. Two office buildings would be built to the north along South Rangeline Road and an apartment building with a public plaza would be on the west side of the development along Veterans Way.
“We spent a lot of time on the architecture of the boutique hotel,” Novo Development Group founder Tony Birkla told councilors. Birkla Investment Group is the holding company for Novo Development Group.
Proscenium III would also have a 300-space parking garage, a 160-space parking garage and a 48-space surface parking lot. Eighty percent of the spaces would be open to the public, while the remaining spaces would be reserved for business and residential tenants.
“This is a project that is a primarily an office and luxury hotel project. This is not an apartments-first kind of project,” Mestetsky said. “This is what is desperately needed in the core, more walkable office, more walkable upscale hotel.”
The Carmel City Council’s Finance, Utilities and Rules Committee will next review Novo Development Group’s proposal to receive $19 million in developer-backed tax-increment financing bonds for the project. The developer would receive 95% of the TIF funds for the 25-year life of the bond. Indiana limits new TIF bonds to 25 years.
Carmel taxpayers would not be directly responsible for the costs associated with the developer-backed TIF financing if the council decides to approve it, Mestetsky said.
Some City Council members expressed concerns about the 95% to 5% split in the proposed TIF deal, while others wondered if there would be enough parking spaces available for tenants.
Carmel and Novo Development Group also partnered on the first two phases of the Proscenium complex.
Proscenium’s $85 million first phase was completed in 2021 on the northwest corner of South Rangeline Road and West Carmel Drive.
The project’s first elements—a 100,000-square-foot Agora at Proscenium office building and a 600-space subterranean parking garage—opened in summer 2020.
Its 196 luxury apartments (called Ver at Proscenium), 15,000-square-foot restaurant building and a 22-unit condominium building opened in 2021 to complete the first phase of development.
Proscenium also has one restaurant on site—101 Beer Kitchen—and a salon and spa, Lux Lab Hair + Body. Indiana’s first Wahlburgers eatery operated at Proscenium before it closed earlier this month. The 4,600-square-foot Proscenium tavern, which is expected to house an Italian steakhouse and a wine-coffee bar, received approval last year.
Construction is expected to be complete this year on Proscenium’s $18 million second phase at 1215 S. Rangeline Road.
The five-story Proscenium II will feature 48 rental units and seven penthouse condominiums, 15,000 square feet of ground-floor space for retail and office uses, and a 120-vehicle multilevel parking garage.
Indianapolis, IN
Indianapolis Opera’s free concert spotlights influential Black composers
INDIANAPOLIS (WISH) — The Indianapolis Opera will host a free concert in honor of Black History Month Saturday night at 6 p.m. to celebrate the legacy and artistry of Black composers. The event features a range of spirituals, contemporary art songs, and operatic works performed a cappella.
Lyndsay Moy, the director of education, outreach, branding and design for Indianapolis Opera, said the event is designed to keep this specific music accessible to the public.
Resident artist Ian Williams, describes the concert as a mix of traditional repertoire and new songs. The artists will perform without microphones or instrumental accompaniment. “All of this is just straight out of our voices, so there’s no microphones,” Williams said. “We’re just creating the sound ourselves and putting it into a space, so it’s a little bit of, a little bit of breathing, a little bit of extra work there, yes.”
“So many composers tonight have been so influential in the broader vocal canon and it’s important and wonderful for us to be able to offer this kind of concert for free to our community to keep this kind of music accessible and more importantly to feature these fabulous artists like Ian so much talent,” Moy said.
Williams noted that the concert allows the organization to celebrate classic composers who were not well known during their own time. “It’s very cool because we get to celebrate some of classic composers all the way back to William Grant Steele, who was one of the who wrote operas back in the day, even during the time of Porgy and Bess, but he wasn’t, it wasn’t well known,” Williams said.
One of the featured pieces is the traditional spiritual “Fix Me Jesus,” which was arranged for the University of Michigan choir. Williams said the arrangement by Stacey Gibbs maintains the traditional spiritual style while adding rich harmonies.
While formal tickets for the event are currently sold out, those interested in attending can email tickets@indyopera.org to be added to a waitlist.
Check out the video above to hear a sneak peak of the Indianapolis Opera!
Indianapolis, IN
Highlights: Tri-West at Cardinal Ritter; February 27, 2026
INDIANAPOLIS (WISH) — “The Zone” featured highlights from eight high school boys basketball games from across central Indiana on Friday.
Watch highlights of Tri-West at Cardinal Ritter above.
Final Score: Tri-West 65 Cardinal Ritter 62
“The Zone” airs each Friday at 11:08 p.m. Click here to watch ‘The Zone’ for basketball highlights on February 27, 2026.
Indianapolis, IN
New bridge over 96th Street adds to Nickel Plate Trail connections
FISHERS, Ind. (WISH) — The Nickel Plate Trail pedestrian bridge over 96th Street is officially open.
It was being touted Friday as a major milestone for central Indiana’s growing trail system. The street is the Fishers-Indianapolis border.
Leaders called the project a critical connection point for the Nickel Plate Trail. The new bridge helps move the nearly 17-mile trail closer to its goal of connecting multiple counties through one continuous path.
The bridge also came with a 1.3-mile trail extension. A $4.5 million grant from the Indiana Department of Natural Resources made the bridge possible.
Dale Brier, deputy director of Indiana Department of Natural Resources, talked about the state’s Next Level Trails grant program. “Currently, we have 89 trail projects that that were funded with that money. Fifty-nine of those are complete. We’ve got 12 under construction. As of this opening, we have 167 miles of trail that have now been opened with that grant money.”
People who frequently take the trail for their daily exercises say they’re excited the bridge is finally open.
Alan Errichiello of the Fishers Running Club said, “Extending this down south into Indianapolis is a big game changer for us. It’ll add a lot of miles that we can easily get into.”
Resident Tracy Mundell said, “Trying to get to the other side was nearly impossible, so I think most people didn’t even attempt it. It’s going to be great, we can get over to the other side, and I’m anxious to see what’s over there.”
The final portion of the project, called the Clear Path project, remains under construction.
Fishers Mayor Scott Fadness, a Republican, said, “We need to double-down on that investment, and we know time and time again here in the city of Fishers that trail systems, the ability to get up and get out and get active, is such an important part in our culture of health, that an investment like this is critical.”
Once complete, local leaders say the goal is to provide a more safe and connected routes between Noblesville, Fishers, Indianapolis and other surrounding cities.
Resident Steve Mundell said, “It’s lovely. It’ll be real convenient to get across too.”
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