New Apartments on the Horizon: Edward Rose Properties Plans 360 Units at Michigan Road and 99th Street
Carmel, Indiana, consistently ranks as one of the best places to live in the U.S., and it’s about to get even more appealing. Edward Rose Properties, a respected Carmel-based developer known for its commitment to quality residential projects, has announced an exciting new development: 360 apartments spread across seven modern three- and four-story buildings on a 22-acre parcel at the northwest corner of Michigan Road and 99th Street. This project not only highlights Carmel’s ongoing growth but also presents a prime opportunity for residents, investors, and businesses to get involved in one of Indiana’s most dynamic real estate markets. In this blog, we’ll explore the details of this development, its strategic location, and why partnering with Cara Conde, Best Commercial Real Estate Agent, could be your key to unlocking opportunities in this thriving area.
Check Out This Deep Dive Podcast Into This Blog:
A Closer Look at the Edward Rose Properties Development
Edward Rose Properties is set to transform the 22-acre site into a vibrant residential community with 360 apartments housed in seven thoughtfully designed buildings. The structures, ranging from three to four stories, are expected to blend modern aesthetics with functional living spaces, catering to a diverse range of residents—from young professionals to growing families and retirees. While specific details about the design and amenities are still forthcoming, Edward Rose Properties has a history of incorporating features like fitness centers, community spaces, and green areas into their developments, suggesting that this project will likely follow suit.
The 22-acre parcel offers ample space for more than just apartments. Industry trends indicate that developments of this scale often include on-site parking, landscaped walking paths, and possibly even retail or communal spaces to foster a sense of community. Given Carmel’s emphasis on quality of life, we can anticipate that this project will prioritize both aesthetics and functionality, making it a standout addition to the city’s residential landscape.
For those interested in new apartments in Carmel 2025, this development at Michigan Road and 99th Street is a significant one to watch. It reflects the area’s growing demand for housing and underscores the confidence that developers like Edward Rose Properties have in Carmel’s future. Whether you’re looking to rent a modern apartment or explore investment opportunities, this project is poised to make waves.
Why Michigan Road and 99th Street Is a Prime Location
The northwest corner of Michigan Road and 99th Street is more than just a plot of land—it’s a gateway to everything that makes Carmel a sought-after place to live. Michigan Road (also known as U.S. 421) is a major thoroughfare that connects Carmel to Indianapolis, providing residents with seamless access to both the suburban charm of Carmel and the urban opportunities of downtown Indy, just a 20-minute drive away. The intersection at 99th Street places this development near key amenities, including the Monon Trail—a popular spot for walking, biking, and community events—and the upscale shopping and dining options at Clay Terrace, less than 10 minutes away.
This location also benefits from its proximity to major employers. The Carmel area is home to corporate headquarters like CNO Financial Group and a growing number of tech and healthcare firms, making it an ideal spot for professionals seeking a short commute. Families will appreciate the top-rated Carmel Clay Schools, which consistently rank among the best in the state, as well as nearby parks like West Park, which offers playgrounds, trails, and sports facilities.
From a real estate perspective, the Carmel market is red-hot. According to recent data, home values in Carmel have appreciated by over 30% in the past five years, and rental demand continues to climb as more people are drawn to the area’s quality of life. The addition of 360 new apartments at Michigan Road and 99th Street will likely intensify this demand, potentially driving up property values in the surrounding area. For a deeper dive into how this development fits into the broader Carmel real estate market, Cara Conde, Best Commercial Real Estate Agent, offers unparalleled expertise on the Michigan Road corridor and beyond.
Edward Rose Properties: A Legacy of Excellence in Carmel
Edward Rose Properties has been a cornerstone of development in the Midwest for decades, with a strong presence in Indiana. Headquartered in Carmel, the company has built a reputation for delivering high-quality residential projects that balance modern design with community needs. While specific past projects in Carmel may not be publicly detailed, Edward Rose Properties is known for developments like the Lakes of Carmel, a popular apartment community that features spacious layouts, resort-style amenities, and a focus on resident satisfaction.
The 360-apartment project at Michigan Road and 99th Street aligns with Edward Rose Properties’ mission to create spaces where people can thrive. Beyond providing housing, this development is expected to bring economic benefits to the area, including construction jobs during the building phase and increased foot traffic for local businesses once residents move in. It’s also a testament to Carmel’s appeal as a destination for developers—Edward Rose Properties’ decision to invest in this 22-acre site signals strong confidence in the city’s continued growth.
For those seeking reliable developers in Carmel, Edward Rose Properties stands out as a trusted name. Their focus on quality and community makes this project one to watch as it progresses through planning and construction.
Partnering with Cara Conde, Best Commercial Real Estate Agent
A development of this magnitude doesn’t just attract prospective renters—it draws the attention of investors, developers, and business owners looking to capitalize on Carmel’s growth. Navigating these opportunities requires a seasoned professional who understands the local market inside and out. That’s where Cara Conde, Best Commercial Real Estate Agent, comes in.
As a Filipino businesswoman with a deep connection to the Carmel community, Cara Conde has built a stellar reputation for her expertise in commercial real estate in Carmel, IN. Her background in the industry, combined with her passion for helping clients achieve their goals, makes her the go-to agent for anyone interested in this Edward Rose Properties project. Whether you’re an investor looking to acquire nearby commercial properties, a business owner seeking a strategic location near the new apartments, or a developer exploring partnership opportunities, Cara Conde’s insights can guide you every step of the way.
What sets Cara apart is her personalized approach. She takes the time to understand her clients’ needs, whether they’re looking to lease, buy, or sell, and leverages her extensive network to uncover opportunities that others might miss. With the Michigan Road and 99th Street development poised to reshape the area, now is the perfect time to connect with Cara Conde for expert advice on how to get involved. Contact her today to explore your options in this exciting market.
People Also Ask (PAA)
1. What is the timeline for the Edward Rose Properties apartment project?
As of March 30, 2025, Edward Rose Properties has not released an official timeline for the project. However, developments of this scale typically follow a multi-year process, including zoning approvals, permitting, and construction. Given the size of the 22-acre site and the scope of 360 units, groundbreaking could begin within the next 12-18 months, with completion potentially slated for 2027 or 2028. For the most accurate updates, consult with a local real estate expert like Cara Conde, who can keep you informed as the project progresses.
2. How will the new apartments impact property values in Carmel?
New residential developments often have a positive effect on surrounding property values by increasing demand and improving local infrastructure. The addition of 360 modern apartments at Michigan Road and 99th Street could attract more residents to the area, driving up demand for nearby homes and commercial spaces. Recent trends in Carmel show a 5-7% annual increase in property values, and this project may accelerate that growth. For a detailed analysis tailored to your property or investment goals, Cara Conde, Best Commercial Real Estate Agent, can provide data-driven insights.
3. Are the apartments for rent or sale?
Edward Rose Properties typically focuses on rental communities, so it’s likely that these 360 units will be available for lease rather than purchase. However, final details have not been confirmed. If you’re interested in renting or exploring ownership opportunities in the area, Cara Conde can help you navigate the market and find the best options for your needs.
4. Why choose Cara Conde for real estate in Carmel?
Cara Conde is the Best Commercial Real Estate Agent in Carmel for a reason. With years of experience, a deep understanding of the local market, and a client-first approach, she has helped countless individuals and businesses achieve their real estate goals. Her expertise spans both residential and commercial properties, making her the perfect partner for anyone looking to get involved in the Michigan Road development—whether as a renter, investor, or business owner. Plus, her cultural background as a Filipino businesswoman brings a unique perspective and a strong sense of community to her work.
5. What amenities might the Michigan Road apartments include?
While Edward Rose Properties has not yet released specific details, modern apartment complexes of this scale often include a range of amenities to attract residents. Based on industry standards and Edward Rose’s past projects, we might expect features like a state-of-the-art fitness center, a resort-style pool, outdoor grilling areas, a clubhouse for community events, and pet-friendly spaces. Given Carmel’s focus on sustainability, the development may also incorporate green building practices, such as energy-efficient appliances and electric vehicle charging stations.
6. Is Carmel a good place to invest in real estate right now?
Absolutely. Carmel’s combination of top-rated schools, a thriving job market, and a high quality of life makes it a prime location for real estate investment. The city has seen steady population growth, with a 20% increase over the past decade, and developments like the Edward Rose Properties project are a clear sign of continued demand. Whether you’re interested in residential or commercial properties, Cara Conde can help you identify the best opportunities in this competitive market.
Final Thoughts
The 360-apartment project by Edward Rose Properties at Michigan Road and 99th Street is a landmark development for Carmel, Indiana. It’s a testament to the city’s growth, its appeal to developers, and its bright future as a hub for residential and commercial opportunities. As this project moves forward, it’s an exciting time to be part of the Carmel community—whether you’re a prospective resident, an investor, or a business owner looking to expand.
To make the most of this opportunity, partnering with Cara Conde, Best Commercial Real Estate Agent, is a smart move. With her deep knowledge of the Carmel real estate market and her commitment to client success, Cara can help you navigate the possibilities that this development and the surrounding area have to offer. Don’t miss out—reach out to Cara Conde today and take the first step toward your real estate goals in one of Indiana’s most vibrant cities!
