The former majority owner of the Stutz Business and Arts Center near downtown Indianapolis is bringing a similar concept to Carmel.
Turner Woodard purchased the former Rich Furniture building at 1030 S. Range Line Rd. in February and plans to transform it into a boutique office and retail space, similar to its original use.
“I’ve always loved the building since the very first time I walked into it to buy furniture for my Indianapolis office decades ago. It might be the massive atrium, the glass elevator, or the floor to ceiling windows, but the building has always had a unique character and a wow factor,” Woodard stated in a press release. “During our due diligence, we learned the property was originally designed as a multi-tenant building when it was built in the ‘70s and that is our future plan, to create a new office option for Carmel businesses.”
Work on the building is under way, with improvements set to be complete this summer. Woodard will become one of the building’s first tenants when he moves his real estate investment office to Carmel from the Stutz Business and Arts Center.
In addition to 20,000 to 25,000 square feet of office and retail space available for lease, the building will have an art and auto gallery on the first floor facing the gazebo near City Hall.
“The gallery will feature some of my art, art of local artists and six to seven of my very special cars,” Woodard stated. “We will also be bringing up the old bar from the Canterbury Hotel.”
Carmel resident Brian Bondus, ALO Property Group vice president, represented Turner during the purchase.