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Redevelopment commission approves LOI for 420 South Main (Citgo lot), authorizes president to sign
Summary
The Zionsville Redevelopment Commission approved a substantially final letter of intent (LOI) for redevelopment of 420 South Main — the Citgo/Sitco lot — and authorized the commission president to sign the document once minor edits are finished.
The Zionsville Redevelopment Commission approved a substantially final letter of intent (LOI) for redevelopment of 420 South Main — commonly called the Citgo or Sitco lot — and authorized the commission president to sign the document once final, minor revisions are completed.
The LOI covers a proposed two-story, mixed-use building with ground-floor restaurant/retail frontage, office tenant space on the second floor, an outdoor patio and a rooftop deck. Adam Collins of Wallach Summers & Haas, presenting for the development team led by Mark Jaffe of Jaffe Realty, said the building footprint is about 25,000 square feet and the team estimates total project investment at roughly $12,000,000. Collins also said the team has received early interest…
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