Estridge Development Management is proposing 15 townhomes on nearly 1.3 acres of land along the Monon Trail on Carmel’s northern border.
According to plans filed with the City of Carmel, the project site is south of 146th Street, west of Rolling Hill Drive and east of Rohrer Road and the Monon Trail. The townhomes are anticipated to cost $400,000 to $500,000 each and include a two-car garage.
Estridge is asking the Carmel Plan Commission to rezone the property from residential zoning to a planned unit development. The commission is scheduled to discuss the proposal at 6 p.m. March 17 at Carmel City Hall.
The city’s comprehensive plan designates the site as suburban residential zoning, but the petitioner believes a rezoning makes sense in this case because of its adjacency to 146th Street – one of the area’s major east-west corridors – and the Monon Trail and proximity to the Clay Terrace retail center, which approximately a quarter mile to the east.