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Seek LLC proposes 20–30,000 sq ft commercial building on Town of Zionsville Lot 2; RDC authorizes LOI
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Summary
The Town of Zionsville Redevelopment Commission authorized the president to sign a letter of intent with Seek LLC to pursue a parcel swap and an estimated $12–15 million commercial and retail project on Government Center Lot 2; the vote was 4–0. Details remain preliminary.
The Redevelopment Commission on Tuesday authorized the president to sign a letter of intent with Seek LLC to pursue development of Government Center Lot 2, a step that could lead to a 20,000–30,000 square‑foot commercial and retail building and an estimated $12–15 million private investment.
Deputy Mayor Justin Haig and Jeff Jacob, an attorney with Hackman Hewlett representing Seek LLC, described a framework in which the developer — identified in the hearing as owned by the Garn and Storin families — would swap two parcels with the RDC and contribute funds toward public infrastructure improvements, principally parking. Jacob said the proposal is in an early stage and would move from the LOI to a formal development agreement if both sides agree on final terms.
"We are very, very early in the project phase," Jacob said, outlining the anticipated size and private investment for the building and saying the LOI would "springboard into a formal development agreement and let us get started with the design." Jacob identified himself and his firm at the meeting.
Deputy Mayor Haig told commissioners the proposal could help address parking constraints for both new Creekside tenants and visitors to Town Hall and urged the commission to authorize the LOI once final issues were closed out.
A commissioner moved to "authorize the president to sign the letter of intent once it's finalized in substantially similar form," a second was received, and the motion passed 4–0. The chair said the commission expects final issues to be resolved in the coming week before the president signs the agreement.
The presentation and vote make clear only that the commission allowed staff and the developer to finalize and sign an LOI; the transcript records no finalized development agreement, construction schedule, or building permits. Commissioners said they look forward to working with the developer and will return for any required appropriations tied to public infrastructure costs.
Votes at a glance: the consent agenda passed earlier in the meeting by a 4–0 vote; the LOI authorization for Seek LLC passed 4–0.
Next steps: the commission will allow staff and the parties to finalize the LOI in substantially similar form and, if necessary, will return to the commission for additional appropriations related to public infrastructure.
