WHEN: 10 a.m. on Thursday, July 28, 2016
WHO: City of Carmel officials will join Allied Solutions, Old Town Development, Ambrose Property Group, F.C. Tucker and other businesses to break ground.
In January of 2016, Allied Solutions, a Carmel-based provider and distributor of insurance, lending, and marketing products to financial institutions across the country, announced a major expansion and relocation of its corporate headquarters – a $32.9 million project that will include the construction of a new five-story building in the rapidly developing Midtown area and a plan to more than double its size in Carmel, adding more than 600 jobs by 2025.
In April of 2016, real estate firm F.C. Tucker Company announced it will relocate its Carmel headquarters to this building, signing a lease agreement with Old Town Development to occupy 15,000 square feet of the ground level of the new headquarters. The new office space will house all of the Carmel office’s operations as well as a new mortgage center. Currently, 150 real estate associates work at the Carmel office, and the move to Midtown will allow F.C. Tucker to accommodate approximately 30 percent more associates than its current location.
The project is a major boost to the redevelopment of Midtown, a largely industrial but under-performing area of the city that connects the vibrant Arts & Design District to City Center and The Center for the Performing Arts. Carmel’s Old Town Development is leading the redevelopment efforts of Midtown.