Former Stutz owner plans redevelopment of three Carmel properties FREE NEWSLETTERS Turner Woodard recently closed on the former Rich's Home Furnishings building in Carmel for an undisclosed amount and is planning to turn it into a boutique business and art center. (Image courtesy ALO Property Group) Turner Woodard, the former majority owner of the Stutz Business and Arts Center in Indianapolis, has purchased two properties in downtown Carmel—including the former Rich’s Home Furnishings building—and is planning to redevelop them into an arts and business center. Woodard also has a third building nearby under contract, and he’s still determining how that might fit into the plan.