Browning Breaks Ground on Indiana Spine Group
Browning Investments, Inc. is pleased to announce that construction is scheduled to begin on a new headquarters for Indiana Spine Group on August 2, 2010. The facility will be located at the northeast corner of US 31 and 131st Street in Carmel, Indiana in Browning’s Meridian & Main development.
Browning Construction will build the three story, 60,000 square foot medical office building. The project includes a 15,600 square foot ambulatory surgery center with three class C operating rooms, MRI and CT scanning equipment and associated support facilities. The building will also house medical offices and a state of the art learning-skills training lab where medical specialists from around the country will study the latest technologies to treat neck and spine disorders. Indiana Spine Group is the first project in Browning’s Meridian & Main Development and will encompass 4.5 acres. “Our practice is pleased to build a foundation to grow our practice at Meridian & Main. Our investment in this building is significant for our practice allowing us to serve our patients in a state of the art facility,” said Chris Kutruff, Executive Director of Indiana Spine Group.
Meridian & Main is a mixed-use development in Carmel destined to become a focal point of the vibrant North Meridian corridor. Strategically located at the intersection of Meridian and Main in Carmel, this high profile property resides along the evolving 131st Street thoroughfare – currently being re-constructed to serve as the primary East/West artery to Carmel. Spread across 34 acres and offering more than 300,000 square feet of space, Meridian & Main will accommodate a wide variety of hospitality, medical, retail and commercial tenants. This premier address provides high visibility within the prestigious North Meridian business community and will serve as a primary gateway to Carmel’s vibrant downtown renaissance. “We welcome The Indiana Spine Group practice to Meridian & Main. The Meridian Street corridor continues to evolve as an attractive location for medical use as evidenced by this significant project,” stated James Browning, Vice President of Real Estate Development for Browning.
About Indiana Spine Group
Indiana Spine Group is a specialty practice of seven physicians dedicated only to disorders of the neck and spine. The practice is a major referral and research center for comprehensive spine treatment, including orthopedic spine surgery, neurosurgical spine surgery and non-operative spine treatments.
Founded in 1977, Browning is one of the premiere development companies in Indianapolis and is engaged in the acquisition, development, construction, leasing, management, ownership and disposition of investment real estate properties. To date, Browning has developed and constructed more than 18 million square feet of space. For additional information, visit www.browninginvestments.com
Browning Acquires 17 Acres in Carmel, Indiana
CARMEL, Ind. – Browning Investments announced today that it has acquired 43 home sites for redevelopment as commercial property at U.S. 31 and 131st Street in Carmel, Ind. The properties are located immediately adjacent to Browning’s Meridian & Main Development which together will consist of approximately 37 acres of property for the development of office and medical buildings, hotels and service retail uses.
The acquisition of the home sites located in the Meridian Heights Subdivision was well received by the homeowners as the average valuation of this neighborhood steadily decreased since 2000. Browning paid a premium to market value, thus allowing the homeowners a tremendous opportunity to reinvest in other neighborhoods with greater potential and where current prices are depressed.
The Meridian & Main Business Park when fully developed will comprise of more than 600,000 square feet. The park is fully entitled and features ready to use building sites from 1.5 to 10 acres.
The site will benefit from several ongoing and future projects planned for the area. Located at the intersection of Meridian Street (US 31) and 131st Street, the project will serve as the primary access point to Downtown Carmel and is situated directly adjacent to the new 131st Street and Meridian Intersection which is being constructed as part of Indiana’s Major Moves road construction project. Once the Major Moves project is complete, the US 31/Meridian Corridor will be a limited access and provide more immediate access to I-465 and to the significant amenities located at 146th Street.
In addition, the City of Carmel is in the process of widening 131st Street on the west side and east side of Meridian Street. Once complete, 131st Street will become a major east/west artery from Downtown Carmel to The Village of West Clay and beyond. Browning also plans for the extension of Pennsylvania Street through the project, eventually allowing for a direct connection into the St. Vincent Carmel Hospital Campus.
Browning pioneered the development of the Meridian Corridor including Penn Mark Plaza, Fidelity Plaza, Meridian Mark Plaza, Meridian Technology Center, the former Thomson Consumer Electronics Headquarters and Meridian Tower. Overall these projects comprise 4.0 million square feet of office space and over 30 Class A buildings.
The Meridian & Main project is one of several major developments that Browning has underway including Elanco Global Headquarters in Greenfield, Indiana, AllPoints Midwest and AllPoints at Anson, a joint venture with Duke Realty, Northwest Technology Center and AirTech Park, a joint venture with ProLogis. Additional information about Browning’s Meridian & Main development can be found at www.meridianandmain.com.
Since 1977 Browning has been engaged in the acquisition, development, ownership, construction, leasing, management and disposition of investment real estate properties. For more information on Browning’s projects and services please visit www.BrowningInvestments.com.
Browning Announces Meridian & Main
Indianapolis based Browning Investments has announced that it will break ground this summer on a new mixed-use development along the North Meridian Street corridor in Carmel, Ind.
Located at the intersection of Meridian and Main streets, the high profile project will serve as a primary access point to downtown Carmel and will be directly adjacent to the new exit as part of the upcoming U.S. 31 construction project. The development site will accommodate a mix of hotels, medical centers, office buildings and retail stores.
“This will be a premier business address in Carmel,” said Jamie Browning, Vice President of Real Estate Development for Browning Investments. “The access and visibility combined with nearby amenities – such as the new Carmel City Center – make the site an ideal location for tenants.”
Browning has an extensive background in the development of the Meridian corridor. Over the years the firm has completed such projects along the corridor as Penn Mark Plaza, Fidelity Plaza, Meridian Mark Plaza, Meridian Technology Center, the former Thomson Consumer Electronics Headquarters and Meridian Tower.