Developer reveals plans for $40M Westfield project

May 9, 2014
Back to TopCommentsE-mailPrintBookmark and Share

A Westfield-based investment group is working on plans for a so-called “life wellness” development on land it’s buying from Westfield-Washington Schools.

Dubbed “The Junction” in a rezoning application, the mixed-use project at U.S. 31 and State Road 32 could include a medical office building, family entertainment center and hotel/meeting space in addition to some retail uses.

As IBJ reported last week, the school district has agreed to sell the 9.6-acre property—now home its football/track stadium and junior varsity baseball field—to Westfield Community Investors for $4 million. The group also has a $2 million option on an adjacent 4.5-acre parcel, which won’t be developed immediately.

Superintendent Mark Keen described The Junction as a $40 million development, but said it can’t get started until the school district builds a new football stadium. He asked the Westfield City Council for $2.5 million to accelerate construction, saying property taxes from the project will repay the city’s investment within three years.

City Council is expected to hold a public hearing on the funding request May 12. The panel also will get its first look at the developer’s conceptual plans for the site. (See renderings below.)

EdgeRock Development LLC is seeking to rezone the property as a planned unit development—establishing special rules and development standards. A project narrative included with the application said uses will include “medical, office, fitness, lodging, senior residential, restaurants and entertainment.”

A preliminary site plan shows six multistory buildings on the land west of Shamrock Boulevard. Another three are planned for the second phase east of Shamrock.

Westfield residents R. Birch Dalton and Randy Zentz are leading the project, which they say will complement the schools, the neighborhood and the city’s Grand Junction downtown redevelopment plan.

A two- to three-story medical office building likely will be the first puzzle piece to fall into place.

“There has been a tremendous amount of interest from a variety of medical services providers and investors,” EdgeRock said in a prepared statement, adding that a deal is imminent.

If the zoning change is approved, construction could begin next year—or whenever the athletic fields are relocated.

The Junction, conceptual rendering Conceptual rendering of view from raised intersection of U.S. 31 and State Road 32. (Click to enlarge.)

The Junction, conceptual renderingConceptual rendering of view from future roundabout at State Road 32 and Shamrock Boulevard. (Click to enlarge.)

ADVERTISEMENT
  • Westfield
    Info
  • Highway 31
    Didn't they shift the new highway 31 west to avoid the school event fields, resulting in the loss of all the businesses along the west side (Taco Bell, the hotel, etc)? But now they are selling off the fields? Maybe I'm wrong, but seems like a waste if that was the case.
    • Senior living portion
      Since Eric Turner represents Westfield, will his family business have anything to do with this?
    • Positive change
      US 31 is not moving, it is just growing, and the area for the new football field was planned before Major Moves and US 31 changes. The old field was great for a small school, and although sad to see it go, Westfield has outgrown that site, and the highest best use for that corner is not a football stadium any more.
    • yes
      Indot did shift the alignment to the west. This is why they closed/moved the Taco Bell and McD's. State could not buy school property. Once construction started on US31, the school system put it up for sale, because they do need the $.

    Post a comment to this blog

    COMMENTS POLICY
    We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
     
    You are legally responsible for what you post and your anonymity is not guaranteed.
     
    Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
     
    No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
     
    We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
     

    Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

    Sponsored by
    ADVERTISEMENT
    1. Aaron is my fav!

    2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

    3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

    4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

    5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

    ADVERTISEMENT