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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. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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