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Westfield residents to hear plans for $1B development

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The public will get its chance to weigh in Monday evening on a Hamilton County home builder's plans for a nearly $1 billion mixed-used development in Westfield that could include a 5,000-seat multipurpose stadium.

Details of the project are set to be discussed at a public hearing of the city’s Advisory Plan Commission, which likely will not vote on the development for several weeks, Mayor Andy Cook said.

The Estridge Cos. of Carmel is asking Westfield to invest $70 million in the project to fund roads and sewers, as well as the stadium,  which has a preliminary price tag of $15 million.

Establishing a tax-increment financing district could help the city pay for the infrastructure improvements and stadium project, Cook said.

“We will make our decision based purely on what is best for the city of Westfield in the long run,” he said.

Estridge’s proposed development, called Symphony, would cover 1,500 acres along Towne Road between 146th and 161st streets. It would include 3,000 homes, condominiums and apartments, in addition to retail shops, restaurants and hotels. The project already features the Wood Wind Golf Club.

Carmel-based developer J.C. Hart is proposing a $30 million, roughly 300-unit apartment project at the entrance to Symphony.

As IBJ reported last year, the massive Symphony development would be anchored by a sports component that would include the stadium, as well as a youth sports complex with indoor sports facilities and fields for baseball, soccer, softball and lacrosse.

The city hopes to attract an unaffiliated minor-league baseball team to play in the outdoor stadium, and also hopes to lure the YMCA as a major tenant. YMCA of Greater Indianapolis has only one branch in Hamilton County, in Fishers.

It’s all part of the mayor’s vision to establish the fast-growing Hamilton County suburb as the “Family Sports Capital of America.” The city has a population of more than 20,000 people.

Three developers, including Estridge, have responded to requests to submit plans for the youth sports complex, which is not part of Estridge’s Symphony proposal. A location has yet to been determined, and it will be several weeks before a developer is named, Cook said.

A benefit of creating the 200-acre sports complex is that it could help the city spread the tax burden to something other than residential development.

“That is our very reason for looking at this sports facility,” the mayor said.

The city worked with the Hamilton County Convention & Visitors Bureau to create a Family Sports Advisory Commission to coordinate the development.
 
Hamilton County already has attracted premier youth sports events, including the national championship for AAU Division II 11-and-under girls’ basketball last June and the Continental Athletic Baseball Association World Series last July.

Still, the mayor realizes that such a large development could face opposition.

“Like any development, I’m sure there’ll be pros and cons,” Cook said, “but we’re very excited about it.”

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  • Mixed use is what we need!
    This will bring much needed retail and restaurants. Not just another housing subdivision.
  • Will they come if you build it?
    Two observations. Among the schools systems in Hamilton county, Westfield wouldn't be your first choice if had the to choose the best in academics to build a home. Second, the market doesn't need more townhomes or condos. Also, when you have to pay HOA dues and community dues in such a developement with a mortgage payment it's not worth it. Look at the Wentworth in the Village of Westclay. Look at the Retail hasn't came to the Village also. How Sweet it isn't when dues continue to go up to make ends meet.
    I wish Westfield the best of luck. I hope it happens.
  • Supply & Demand
    While the idea sounds like a 'fun idea' we need to consider that there is already enough similar concept development projects under way in Hamilton County. Where is this added demand coming from that exceeds the supply of unfinished developments already in the area (West Clay, Saxony, Legacy)? If we aren't seeing the rapid demand to build out these communities why build over supply? Didn't the auto manufacturers teach us anything about building too much product when demand is not as great?
  • Stadium
    Please bring a soccer stadium, instead of a baseball stadium. We need a pro soccer team, we already have the Indian's downtown. PLEASE BRING SOCCER TO INDY!!
  • Mixed Use?
    I don't know how a golf course, arena, and 200 acre sports complex fits the idea of mixed use... mixed use is typically a condense comunity of residences, services, and offices that allow people to live in a completely walkable community. If it is truly like that this project is a true winner, but I feel its a word to throw in-front of the typical development in order to get some hype going. (it worked)
  • we need this!
    I live in Indy, but this will benefit multiple groups...construction, home sales, designers, etc etc...

    Let's make it happen!

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  1. Yes sir keep cashing those 300K a year checks direct to IMS, while millions disappear from the teams like Rahal's. Guess there wasn't enough ka- ching going around to keep Sarah Fisher in business without their "merger". LOL._____.Meanwhile back in Realville the series with the "best racing in the world" drew what appeared to be about 5000 live spectators ( and probably 1500 of those Target "freebies", and was beaten in the ratings by a series that reportedly consists of "parades" and aired while most people are still sleeping. That will generate those big ka-chings for sure. :-). But, hey, as long as the Speedway gets the cash who gives a damn about the teams?

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  3. If I could actually get the prices...I would do this on my own. We need laws that force provides to publish the costs they will charge. Everyone else gives you the price in advance...except hospitals.

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