Construction begins on $80 million mixed-use development in Carmel

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Construction is underway the Agora at the Proscenium in Carmel.

The four-story, 100,000 sq. ft. office building is being built at 10 West Carmel Drive. The Proscenium is Carmel’s mixed-use development located on the former site of Arby’s and Party Time Rental at Carmel Drive and Rangeline Rd.

The $85-million project features below-ground garage parking, luxury multi-family housing, condominiums, a central gathering green and space for restaurant and retail.

Developed by Lauth Group, the project is a part of Novo Development Groups mixed-use Proscenium development located in the heart of Carmel.

Three central Indiana companies plan to relocate their corporate headquarters to the Agora at the Proscenium, which is scheduled for completion next summer.

Schwarz Partners will relocate approximately 70 employees from their Indianapolis-based headquarters at Woodview Trace to the third floor of the Agora occupying approximately 25,000 sq. ft. Valeo Financial Advisors will relocate their office operations from 9450 N. Meridian St. and will occupy the 25,000 sq. ft. fourth floor. The move will involve nearly 70 employees. Meanwhile, Lauth Group will relocate its headquarters from its current location to the second floor of the Agora.

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