A 135-acre field in Westfield once destined to join the sprawling Chatham Hills neighborhood is changing hands so that Indianapolis-based builder Arbor Homes can develop a separate neighborhood with 325 single-famly residences.
Betsy Garfield, vice president of real estate acquisitions for Westfield-based Henke Development Group, said the property near West 206th Street and Horton Road was included in the original Chatham Hills planned unit development approved in 2014. Now, the company plans to sell the land to Arbor Homes to develop a separate neighborhood called Monon Corner.
“It was always going to be residential,” Garfield said. “We are just developing in a different part of Chatham instead. That’s where we want our focus to be right now.”
Vicki Gardner, a spokeswoman for the city of Westfield, confirmed there are a maximum 1,885 single-family homes allowed within the roughly 800-acre Chatham Hills PUD.
More than 675 homes have been approved for the Chatham Hills neighborhood, and another 207 homes have been approved for the 200-acre Chatham Village. Construction on that portion of the development is scheduled to start this fall.
Plans for Monon Corner are now making their way through the city’s review process. The planned mix of 325 traditional single-family homes on the west side of the PUD will feature Arbor’s Destination Series, a new age-targeted product for empty-nesters.
Christian Rector, director of land acquisition and entitlement for Arbor Homes, and Garfield both said Monon Corner will meet the original specifications laid out by Chatham Hills’ special zoning—even though it won’t actually be a part of Chatham Hills.
Additionally, the neighborhood has been planned with a number of amenities, including walking trails, pickleball courts, an outdoor gathering area with a gazebo and fire pit, a community pool with a pool house, as well as a children’s playground and park.
“This is going to be unlike any Arbor subdivision we have ever done. It’s going to be the highest price point we’ve ever offered,” Rector told the city’s plan commission.
Rector said he expects homes will sell above $350,000 if they’re ready to go to market by the middle of next year. Development could start as soon as spring with the first homes completed by the end of 2021.
Rector said he expects Monon Corner will be fully constructed within the next eight years.