#United States #Carmel #Geosam Capital #Hamilton Crossing #Group RMC

Promising Transformation for Hamilton Crossing

Geosam Capital and Group RMC, through their joint partnership known as GSR Development, have embarked on an ambitious project to redevelop Hamilton Crossing, a significant 44-acre office park located in Carmel, Indiana. This substantial initiative marks their second major project in the Midwest after their investment in Corporate Woods in Overland Park, Kansas, showcasing their commitment to rejuvenate strategically located office spaces into vibrant living environments.

Carmel, Indiana, recognized for its attractive living conditions, including top-rated schools, robust arts, and dining experiences, serves as an ideal backdrop for such a redevelopment. The Hamilton Crossing site, ideally positioned at Meridian Street (U.S. 31) and Main Street, boasts over 590,000 square feet of existing office space, representing a tremendous opportunity to transform this underutilized campus into a dynamic suburban hub.

The proposed transformation aims to create a mixed-use destination that integrates residential units, experiential retail, Class A office space, a hotel, and trail-oriented amenities—all of which align with Carmel’s longstanding emphasis on walkable urban design. Although specific details of the development are yet to be fully disclosed, GSR Development plans to unveil a comprehensive master plan in 2026, following extensive consultations with the City of Carmel, the Carmel Redevelopment Commission, and various community stakeholders.

Vision for a New Community

Alex Massa, President of Group RMC, emphasizes the potential of Hamilton Crossing, stating, "Carmel has invested decades into becoming one of the most livable cities in America. We view Hamilton Crossing as an opportunity to build upon that framework, converting a slowly utilized office campus into a vibrant neighborhood where people desire to work, live, and socialize."

The announcement coincides with Mayor Sue Finkam's recent State of the City address, which underscored the need to revitalize Carmel’s employment corridors and extend the city’s successful mixed-use developments along the Meridian corridor.

David Shahinian, President of Geosam Capital, noted, "Redeveloping Hamilton Crossing represents a significant long-term investment that aligns with Carmel’s model for thoughtful growth. Our intent is to maximize the potential of this site and cultivate a district that enhances the City’s vision of connected and walkable neighborhoods."

This collaborative effort illustrates the strengths of both Geosam Capital and Group RMC, as both organizations oversee extensive portfolios of real estate investments and development projects across the United States and internationally. Their diverse experience, which includes vertical construction, large-scale mixed-use projects, and adaptive reuse endeavors, underpins their approach to this redevelopment initiative.

Shahinian added, "This project highlights the growing opportunities across the nation as cities and property owners seek innovative solutions for revitalizing legacy office spaces. We believe that Hamilton Crossing can serve as an exemplary model showcasing how strategic investment, a long-range vision, and public-private cooperation can redefine these environments."

About GSR Development

GSR Development is a joint venture between Geosam Capital and Group RMC, dedicated to identifying, planning, and executing extensive redevelopments of office parks throughout the Midwestern United States.

About Geosam Capital

Geosam Capital is a privately-owned investment firm committed to long-term real estate development across the U.S. With over four decades of experience and more than $1 billion in completed or ongoing projects, Geosam specializes in residential, commercial, mixed-use, and adaptive reuse developments. Additional information can be found at www.geosam.com.

About Group RMC

Group RMC focuses on long-term real estate ownership, specialized credit strategies, and unique investment opportunities. Founded in 2011, the firm currently manages real estate valued at over $2.5 billion across 22 million square feet. Learn more at www.groupRMC.com.

About the City of Carmel, Indiana

Known for its distinctive amenities, outstanding quality of life, thriving business environment, and award-winning school system, the City of Carmel has been recognized as the #2 Best Place to Live in the U.S. by U.S. News & World Report. For further information, visit www.carmel.in.gov.

This redevelopment vision reflects not only the growth of Carmel but also the future of urban living and working environments that prioritize community and accessibility.