Developer unveils updated plan for $300M Gramercy project in Carmel

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12 thoughts on “Developer unveils updated plan for $300M Gramercy project in Carmel

  1. Maybe it’s just me, but 587 parking spaces for 1000 residential units AND 20,000sf for commercial/retail space sounds a bit on the low end, especially considering how “car-centric” Carmel is (with all their roundabouts and zero public transportation). I know of apartment communities with 100 parking spaces for 100 units that are facing issues due to lack of parking.

    That rendering is pretty slick, though.

    1. I was thinking the same. 1000 residential units with 2 people each, so 2000 cars and only 587 parking spaces – hopefully this means public parking and that the residential units would have their own parking?

    2. And $53M in TIF taxes paying the bonds off, that about 18% of the private project being paid for by the public.

  2. It’s not just the parking that concerns me it’s the traffic that will come with it. It’s already messy trying to get onto 126th Street or Carmel Drive if you reside in this area. This project still needs significant work.

  3. There is a lot to be discovered about Brad Chambers and his operations at Buckingham. Personal Experience with our daughter and son in law at Gramercy and another Buckingham development called Monon off Kessler. Not to be trusted and certainly if he can’t operate his own business in a fair, truthful and legitimate way what will happen if he becomes Governor. This guy is scary, and his company is under complaints with the BBB and Attorney Genl Consumer Protection as weve heard. Daughter and Son In Law hurt financially by Buckingham.

    1. Bill E, I read a similar comment from you in the recent past. Tenants have rights that are meant protect tenants and to keep landlords operating in a legitimate way. They’re rather clear. Buckingham is a well established business, certainly not a slum lord that violates laws. I cannot imagine they would be the size they are if they operated scrupulously. Do you have case proof? If your daughter and Son in Law were asked to move while they had an active lease and they agreed to move thats on the tenant. If they were on a month to month lease and were told to vacate/move they most likely dont have any rights. What the landlord does or does not do to the unit after they moved out does not matter, you have no claim.

      If your tenant rights were violated then you have a case. But based on your comments, it doesn’t sound like they were. Maybe you just dont care for the landlord, which is fine. But to put all the blame on a landlord for decisions a tenant makes is irrational.

  4. Not talked about in this article is that Gramercy has been one of the most affordable complexes in Carmel for regular people to live in. The re-development that has already happened is starting to slowly push people out and this will likely accelerate it

  5. Yes, John S. proof positive. Don’t make accusations carelessly. They tried to renew their lease at Gramercy and were told they couldn’t as building was scheduled for demo. They offered them another unit, but it was totally unaffordable, so they found another unit at Monon (Another Buckingham property) they did not like the unit as it was a townhouse, but they had no choice due to timing and affordability. They moved there at their expense (Nort Buckinghams) cost around $2,000. Son in law was just recovering from Rotator cuff surgery. Moved into that unit and 7 months later were told they would need to move again as property was undergoing rehab and remodel. Buckingham wanted to move them to another unit over off Olney. They agreed to do that even though it was Christmas time. Then when they went to sign new lease, original offer by Buckingham as totally different. They found another unit on their own as nothing they could afford with Buckingham. Went to retrieve security deposit and they charged them a carpet cleaning fee, even though the unit that was to be remodeled was to have hardwood. Cost them again about $2,000 to move again. No offer from Buckingham to assist. Thye have had to go into debt to be able to afford to move of which neither r was their choice. Thats Proof and they have the copies of costs.

  6. Sounds like more trees to be cut down. Gramercy used to be a beautiful area. Now it’s just like all the others. All the commencial, residential, and apartment builders construct the same thing. Mow down the ground and put up boxy buildings. Then charge high rent.

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