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CARMEL, IND. — Browning Investments has acquired 17 acres located within at the intersection of U.S. Highway 31 and 131st Street in Carmel for commercial redevelopment. The property comprises 43 home sites that are part of the Meridian Heights subdivision. The sites will be combined with an adjacent 20-acre site owned by Browning for the development of a mixed-use project known as Meridian & Main. Initial plans call for the construction of more than 600,000 square feet of office, medical, hotel and retail space. The project is fully entitled and features shovel-ready sites ranging from 1.5 to 10 acres.