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Westfield's proposed Symphony development under review

 IBJ Staff and Associated Press
July 8, 2010
Keywords
Apartments, Commercial Real Estate, Development/Redevelopment, Estridge Cos., Hamilton County, Homebuilders, Mixed-Use, Proposals, Real Estate & Retail, Regional News, Residential Real Estate, Retail Development, Suburban Issues, Westfield
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A $1 billion, two-square-mile mixed-use development project is going through a review in the Indianapolis suburb of Westfield.

The Westfield planning commission has asked city employees to further review the project, named Symphony. The commission saw plans for the 1,400-acre project at a public hearing June 21 and reviewed it again Tuesday.

The Estridge Cos. has proposed thousands of single-family and multifamily homes, shops, a YMCA and a baseball stadium.

Company President Paul Estridge says he plans to ask Westfield to pay up to $70 million for roads, sewers and other parts of the project.

Estridge Cos.' subcontractors have invested $10 million into the firm—an infusion that paves the way for the company to proceed with the massive development.

Westfield spokeswoman Carrie Cason says the planning commission could discuss the project again as soon as July 19.

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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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