Ambrose Property Group plans to build $1B hospital in Carmel

Meridian Street corridor in Carmel

Ambrose Property Group, a health-care real estate company, is proposing a $1-billion medical center along the Meridian Street corridor in Carmel, IndyStar reported.

The company has filed plans to redevelop 30 acres at 96th St. and Spring Mill Rd., just west of Meridian St.. The plan includes the development of five buildings, a rooftop helicopter pad, and two parking garages on 15 acres west of Spring Mill and four buildings and two parking garages on the 15 acres east of Spring Mill, according to the newspaper.

A letter, obtained by IndyStar, revealed that Bremner Real Estate is contacting homeowners at the adjacent Lacoma Estates subdivision about purchasing 13 properties in a joint venture with Ambrose.

The letter states that Ambrose wants to develop 40 acres, including the 10 acres in the neighborhood and the 30 acres at Spring Mill, into a $1 billion medical campus including a large inpatient hospital, supporting medical buildings and parking garages.

Ambrose expects that the Carmel Plan Commission would hear the project April 17, followed by the City Council Aug. 20, according to the letter.


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