Twice-stalled Carmel development site eyed for $41.5M apartment project

A nearly 6-acre site in Carmel once considered for office buildings — and later senior housing — is now the focus of an estimated $41.5 million luxury apartment project from two central Indiana firms.

Indianapolis-based Millstone Management LLC and Carmel-based Pittman Partners plan to build the 154-unit Venture at Meridian Trails at the southwest corner of 106th and Illinois streets, just west of U.S. 31.

The project would feature two four-story buildings totaling about 196,500 square feet, according to filings with the city.

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Developer swaps senior living apartments for resort-style concept at 106th, Illinois