A government meeting discussed the development of a significant project in Zionsville, originally established in July 2013. This project includes two phases. Phase 1 allows for up to 400 multifamily units and is being developed in partnership with Canal Properties.
Phase 2 will feature up to 225,000 square feet of commercial space across four different use blocks. This phase will be developed in multiple stages due to its large size.
The project aims to preserve the legacy and identity of Pittman Farms, a site with historical significance in the area. The developers expressed a personal connection to the land, highlighting its importance to the community.
Key goals of the project include creating a gateway to Zionsville, enhancing connectivity, and complementing Downtown Zionsville. The developers also aim to set a standard for future developments and provide amenities for residents to live, work, and shop locally. This initiative seeks to keep economic activity within Zionsville, reducing the need for residents to shop in nearby towns like Carmel and Indianapolis.
Further discussions will address the Tax Increment Financing (TIF) related to the project, which was established when Phase 1 received approval.