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Wellness-based development would be first of kind here

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A new health and fitness facility under construction in Avon has led to plans for an almost 30-acre mixed-use complex on the north side of U.S. 36 believed to be the first of its kind in this market.

The project, called Satori Pointe, is being marketed to potential developers as a campus where medical offices, fitness-oriented retailers and residents would co-exist.

Deeni Taylor, regional executive vice president for Bremner Duke Healthcare Real Estate, said multi-use developments holistically focused on health and well-being exist in Dallas and Raleigh but he’s not aware of any here.

Taylor, whose firm isn’t involved in the project, said health care real estate is doing better than most sectors. “We’re seeing activity in some markets pick up. Now that hospitals see what health care reform is going to look like, they’re releasing some projects and going forward.”

He said mixing health care development with retail and housing in a village concept has been successful elsewhere.
Satori Pointe, which is just east of Dan Jones Road, would serve as a front door to the 122,000-square-foot Hendricks Regional Health YMCA, which broke ground last December.

That $18 million project was billed as unique when it was announced because it’s the result of a partnership between a health care organization, Hendricks Regional Health, and a fitness organization, the YMCA. It will pair physician and outpatient services and sports medicine facilities run by Hendricks with the Y’s fitness center, gymnasium and indoor aquatics center. It’s slated to open next May.

Satori Pointe will lie on either side of a broad boulevard leading from U.S. 36 to the Hendricks Regional Health YMCA. The development’s name comes from the Japanese Buddhist term for enlightenment.

Tim Norton and Jeff Merritt of Summit Realty are the brokers for the five development sites in the complex, The sites range in size from just under four acres to more than nine acres. The shovel-ready sites are divisible if more than one user is interested in the same site. The two that front U.S. 36 are being marketed for retail use. Two others are suggested for office/professional use, and the largest site is envisioned for apartments and/or senior housing.

Merritt said there’s been strong interest in the housing parcel from independent living/senior living developers. He and Norton are pursuing bookstores, fitness apparel retailers, natural and organic grocers and restaurants that promote healthy menu items for the retail space.

“We want Avon residents to come here every day to work out, go to the office, go to the grocery,” Merritt said.

The land is owned by Hendricks Regional Health, which installed infrastructure and utilities. The asking prices for the retail parcels range from $650,000 to $850,000 an acre. The housing and office parcels are marketed for $425,000 an acre.

Merritt said it’s possible Hendricks will end up developing one of the office parcels itself.

“I believe Satori Pointe will be a model for health and wellness developments,” Dr. John Sparzo, Hendricks Regional Health’s vice president of medical affairs, said in a prepared statement.

A fitness trail will line the perimeter of the development, which also will include park space and athletic fields.
 

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  • No Different Than Saxony in Fishers
    How is this different from the original vision of the Saxony development in Fishers? Perhaps the implementation will be more in-line with the vision, but the idea is not unique to the area.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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