Zionsville RDC approves term sheet for Creekside Corporate Park Lot 1 after developer presentation
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Summary
The Zionsville Redevelopment Commission on Dec. 16 approved a term sheet for Lot 1 of Creekside Corporate Park after a presentation by developer Mike Curless; the approval starts a due-diligence period ahead of a possible development agreement.
The Zionsville Redevelopment Commission unanimously approved a term sheet for Lot 1 of Creekside Corporate Park on Dec. 16 after a presentation from prospective developer Mike Curless.
The term sheet sets high-level parameters and opens a roughly 90-day due-diligence window leading toward a development agreement if both parties proceed, Chair called for the motion to approve after the presentation and the Commission recorded unanimous ayes in the roll call. Commissioner Norris was identified on the record as the mover of the motion.
Mike Curless told commissioners he envisions a building with flexible workspace and storage, describing “a grand total of about 3,000 square feet of office, at least preliminarily,” and private amenities he suggested could include a fitness area for occupant use. Curless said the building would be designed to “make sense for this park, you know, forever,” and described the project as a platform for a small group—“a handful of 5 to 10 people”—of entrepreneurs and retirees seeking office and incubation space.
Deputy Mayor summarized the site constraints, calling the lot “one of the most challenging” in town and noting ongoing work on drainage easements for neighboring parcels. The Deputy Mayor introduced the term sheet as the vehicle to set parameters and allow the developer to conduct additional engineering and site work.
The action on the term sheet was recorded as a motion and second, followed by a roll call in which Commissioners Norris, Vaughn and Ezra, and the Chair, voted aye and the motion carried. The approval authorizes staff to move forward with due diligence and negotiations toward a formal development agreement, but it does not commit the Commission to a final contract.
Next steps noted at the meeting include site-level engineering, calibration of the building footprint during due diligence, and continued coordination with Town staff. The Commission did not set a firm date for a development agreement; project details such as final square footage, tenant mix and construction timing remain subject to the due-diligence findings.
