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The land use plan is uninspiring at best… looks like a PUD layout from the 1970s.
This is an opportunity for Lebanon to do something that is more precedent setting and transformative for their emerging city.
Could someone share the website for Bel Canto? From the story they have 1B in their pipeline, but I’m not finding anything that’s built. Please correct me if I’m wrong.
Never mind I think I found it… “Vertically Integrated” sound interesting. https://familyofficenetworks.com/family-office-webinar-series/vertically-integrated-multifamily-real-estate-developer-with-asset-property-management-platforms/
Apparently such developments are seen as the economic salvation of suburban Indianapolis. Is this based on real market research that show a market demand, or is it merely group-think that “if you build it, they will come”? As an investor, I’d be wary of hopping on this bandwagon.
Lebanon, as the rest of Boone County, is capitalizing on the extensive growth that has been expanding there over the last decade. They have millions of square feet of warehouse and manufacturing facilities in and expanding along this interstate corridor. Housing developers are investing in this community to help provide more housing to employees of those warehouse and manufacturing facilities. Lebanon has built a thriving downtown, they are developing more parks- including a planned competitive cycling trail, they have great schools in Boone County, Subaru is thriving there, they landed the new and only Airstream dealership for Indiana… there are some great things happening in this community. They need additional retail, medical and community athletic space for their existing and growing population. It is definitely not just some little rural farm town northwest of Indy anymore.