More retail, residences for Carmel’s City Center

CARMEL Five new buildings and a parking garage will infuse Carmel's City Center with more retail, commercial and residential space.

The projects costs ranges $80 million to $100 million and could take four to five years to finish. Construction could begin as early as spring, officials from the city and developer Pedcor Co. said in a press conference Tuesday afternoon

Here is a breakdown on the named buildings:

Wren Tower: 6-7 stories, bottom, parking/commercial: second/plaza commercial; all above, residential.

Holland: 5-stories, bottom, commercial/office/retail: top 4, residential. commercial.

Baldwin & Chambers: 4-stories each, bottom two commercial/retail, top two, residential.

There is a also a parking garage and an unnamed fifth building.

A hotel, long sought by city officials, was not included in the presentation.

Pedcor CEO Bruce Cordingley said it took an alliance of 14 banks to fund the project.

The City Center is the centerpiece of the citys downtown cultural and retail district.

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More retail, residences for Carmel's City Center