3 local companies plan to relocate to Carmel’s Proscenium

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Two companies from Indianapolis and one from Carmel are planning to move into the Proscenium when it is complete next year.

Lauth Group, Schwarz Partners and Valeo Financial Advisors announced Aug. 27 that they will move their offices to the second, third and fourth floors of the Proscenium’s Agora building, respectively. The four-story, 100,000-square-foot office building is expected to open in the summer of 2020 at 10 W. Carmel Dr.

“We are thrilled to see that our investment into the redevelopment of this once under-performing property is now producing results in the way of private investment and new jobs for Carmel,” stated Carmel Mayor Jim Brainard in a press release. “We welcome these companies to our growing number of corporate headquarters, and we look forward to sharing in their growth and success.”

Lauth Group, which is developing the Agora building, will move its headquarters from Congressional Boulevard in Carmel.

“To have the building more than 60 percent preleased prior to commencing construction validates our decision to develop this facility in Carmel,” stated Lauth President and CEO Mike Jones in a press release. “The benefit of walkability to amenities provided both within downtown Carmel and within the Proscenium development make this a highly desirable location.”

Schwarz Partners, a holding company with interests in packaging and transportation, will move 70 employees from Woodview Trace in northwest Indianapolis to occupy 25,000 square feet in the Proscenium.

Valeo Financial Advisors will relocate 70 employees from 9450 N. Meridian St. in Indianapolis.

Boston-based Wahlburgers previously announced it will open its first restaurant in Indiana at the Proscenium.

The City of Carmel and Lauth will hold a beam-signing ceremony Sept. 6 to celebrate the lease announcements. Brainard will speak at noon.

The $85 million Proscenium development, originally announced in 2015, broke ground in 2017 but didn’t begin construction until 2018. It is on the northwest corner of Range Line Road and Carmel Drive on the former site of an Arby’s and Party Time Rental.

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