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
Mild and damp Christmas then a warmer weekend | Dec. 25, 2025
TODAY
Christmas morning starts gray with widespread dense fog, and visibility can drop quickly on highways and ramps, especially before sunrise. A little patchy drizzle is possible late morning into early afternoon, otherwise it stays cloudy with temperatures slipping into the lower 50s. Winds stay light early, then turn north northeast around 5 mph, so travel is mainly fine once the fog lifts, just keep extra stopping distance on damp roads.
TONIGHT
Clouds stay locked in and rain becomes likely late, mainly after 1am. Lows settle in the mid 40s, with an east breeze around 5 to 10 mph. If you are driving home late from Christmas gatherings, plan for wet pavement and a few pockets of fog in the usual low spots.
TOMORROW
Rain is likely in the morning, then becomes more scattered midday and afternoon, with patchy fog possible into early afternoon. Highs jump into the low to mid 60s, with a southeast wind around 10 mph shifting west later, gusts up to 20 mph. It is a mild day for late December, but the morning commute and airport runs could be slow with low clouds, wet roads, and reduced visibility at times.
TOMORROW NIGHT
Mostly cloudy and mild, lows in the low to mid 40s, with a light west northwest breeze around 5 mph becoming nearly calm at times. Roads stay mainly wet to dry depending on where the showers linger, and travel remains manageable.
SATURDAY
Patchy fog is possible early, then mostly cloudy with some brighter breaks. Highs reach the mid 50s, with a light east southeast breeze around 5 mph. This is a solid travel day, no winter problems, just occasional low visibility early and a lot of cloud cover.
SATURDAY NIGHT
Mostly cloudy with a small rain chance late, lows near 50, with a southeast wind around 5 to 10 mph. If you are heading back home overnight, expect a few damp stretches, but nothing icy.
SUNDAY
A wetter day, with rain becoming more likely into the afternoon and a few rumbles of thunder possible later. Highs land in the mid 60s, with a southwest wind around 10 mph, gusts up to 20 mph. Plan extra time for holiday return travel, heavier rain bands can slow traffic and reduce visibility.
SUNDAY NIGHT
Rain tapers late, then colder air rushes in and a few snowflakes are possible toward daybreak. Temperatures fall into the low 20s, with a west northwest wind around 10 to 15 mph, gusts up to 25 mph. Watch for a few slick spots developing late if roads stay wet as temperatures drop.
7 DAY OUTLOOK
The holiday stretch stays unusually mild and mostly wet rather than snowy, with fog and drizzle concerns first, then warmer air pushing highs into the 50s and 60s through the weekend. The bigger pattern change arrives right after, with a strong turn back to colder, more typical late December weather early next week, including a blustery, much colder Monday and the potential for periodic light snow chances in northwest flow beyond that. Confidence is high on the fog Christmas morning, the mild weekend, and the sharp cooldown after Sunday night, with lower confidence on exactly how quickly rain ends and any brief snow chance flips on late Sunday night.
Indianapolis, IN
Everything Taylor Swift said about Indy in the Eras Tour docuseries
Taylor Swift excitement takes over Indianapolis
The city of Indianapolis prepared for Taylor Swift’s stop on The Eras Tour, the airport was decorated to welcome all Swifties.
Stop the presses: Taylor Swift talked about Indianapolis.
Yes, little old us! From the biggest artist in the world’s lips to millions of TV screens across the world, a major Indianapolis moment. We’re even on a nickname basis: She said “Indy.” She likes us, she really likes us!
The Circle City gets a shoutout from Swift and some serious screen time in the fourth episode of “The End of an Era,” the new Disney+ documentary series chronicling Swift’s record-smashing Eras Tour. The six-episode series features behind-the-scenes footage of Swift, her family and friends and the Eras Tour crew throughout her two-year globetrot that clocked 149 shows in 51 cities, including three shows in Indianapolis in November 2024.
Several notable names pop up in the series — Kansas City Chiefs tight end and Swift’s fiancé Travis Kelce, for one, along with her pop protégés Sabrina Carpenter and Gracie Abrams. But the real star of the show in episode four, “Thank You for the Lovely Bouquet”? The downtown Indianapolis JW Marriott, of course.
The hotel is known for plastering graphics of the people, teams and events du jour on the side of its 376-foot building, and Swift got more than a casual nod when Indianapolis relished in the Taylor Treatment. In case you missed it, a so-much-larger-than-life image of Swift — classic red lips, body suit and boots, pink acoustic guitar in hand — graced the building.
Abrams, who opened for Swift in Indianapolis during her Nov. 1, 2 and 3, 2024 shows, spotted the graphic first and texted Swift about it while she was in transit.
“Gracie texted me and she was like, ‘I knew you were tall, but check this out,’” Swift, who stands 5-foot-10, said in the documentary. “I’m on the side of the hotel, like a million feet tall.”
The tribute struck a chord with Swift. Remember that unfortunate “sexy baby” line from “Anti-Hero,” the lead single off her 2022 album “Midnights”? The one where she envisions herself as this colossal omen “slowly lurching toward your favorite city”?
Turns out, being emblazoned on one of Indianapolis’ most notable structures isn’t all that dissimilar.
“I used to have this joke, and that’s part of why I wrote ‘Anti-Hero.’ It’s like, ‘I’m a 5-foot-10 woman followed around by 500-foot-tall monster shadow, and this monster just knocks over buildings and wreaks all this havoc,” Swift continued. “Me being that size tall and I’m a hotel, it’s like, ‘Eh, that’s kind of how it feels sometimes.’”
Local efforts to transform downtown into Swift City paid off in documentary screen time. Cameras captured the friendship bracelet décor strung across The District Tap, renamed street signs like Ready For It Road and Long Live Lane and groups of fans dancing and singing at the corner of Meridian Street and Georgia Street. (And if you crane your neck and really squint, you’ll catch the IndyStar sign outside our former home at the Circle Center Mall.)
Indianapolis had the rare distinction of closing out the Eras Tour’s U.S. dates with Swift’s Nov. 1-3 run of shows. That run also came days before the 2024 presidential election, and the significance of the timing wasn’t lost on Swift.
“The one thing I can provide for people is an escape, like nothing could ever or should ever bother any of us. And nothing will for three-and-a-half hours,” Swift said in the documentary. “I’m glad that I will have given just 100% girlhood and hope and belief and sweat and effort, because that’s the job.”
Contact IndyStar Pop Culture Reporter Heather Bushman at hbushman@usatodayco.com. Follow her on X @hmb_1013.
Indianapolis, IN
Shoppers find calm amidst holiday rush at Fashion Mall at Keystone
INDIANAPOLIS (WISH) — Procrastinators on Tuesday hit the Fashion Mall at Keystone to snag those last-minute gifts.
There were lines to get to shops, including jeweler Pandora, but that didn’t stop 8-year-old Blane Randolph from getting something for his mom. He’s looked at getting a frame or bracelets. “It feels good, because I like giving stuff to people.”
The National Retail Federation has estimates consumers are each budgeting an average of $890 for seasonal items, and that holiday sales in the U.S. will surpass $1 trillion.
Experts say buying at brick-and-mortar stores means having last-minute gifts in hand without worrying about shipping.
James Payer of the Fashion Mall at Keystone on the north side of Indianapolis described the shoppers as calm this season. “The stress level isn’t as stressful as it used to be, because people have a plan and they’re executing that plan.”
He recommended grabbing a coffee or a gelato while shopping to enjoy the experience.
Besides the big box stores, News 8 got a chance to stop by a local gift shop called Silver in the City in downtown Indianapolis and spoke to shopper Jennifer Courteney. “I love shopping small and making sure we’re using stores that are local and not big box stores for everything, so it’s really important to shop small and support local business on Mass Avenue.”
She got little baby socks with meatball prints, and a Star Wars book for a new dad. She didn’t seem too frazzled by the last-minute shopping.
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