Monon Square | Midtown Carmel's Premier Retail Destination
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Monon Square is a $150 million, two-phase mixed-use development located along the Monon Greenway, connecting Carmel City Center to Midtown. Designed to enhance downtown Carmel’s walkable, vibrant atmosphere, the project will feature over 31,000 square feet of retail space, 367 upscale apartments, and 11 ultra-luxury condos. The development offers a premium lifestyle and shopping experience, supported by two parking garages with 501 spaces for added convenience. Residents and visitors will enjoy easy access to the Monon Trail, nearby shopping and dining, the acclaimed Hotel Carmichael, and the Palladium concert hall. Just steps from the nationally celebrated Christkindlmarkt and situated in Carmel—named the #1 Best Small City in America—Monon Square delivers a blend of luxury, accessibility, and cultural energy in one of the Midwest’s most dynamic communities.
- Monon Square will be developed in two phases, each featuring a distinct building. The Northeast Quad, set for completion in May 2026, will include a 6,000-square-foot space ideal for a high-end sit-down restaurant. This building will front Rangeline Road to the east, W. Walnut Street to the north, and Veterans Way to the west.
- The Northwest Quad is expected to be delivered by July 2027 and will offer 23,098 square feet of retail and restaurant space. It will face the Monon Trail to the west, W. Walnut Street to the north, and Veterans Way to the east.
- Notably, Space 7 in the NW Quad will feature high ceilings with the option for a second-floor interior mezzanine, while Space 9 will offer both a mezzanine level and the potential for a rooftop area.