Tuesday, October 7, 2008

There's a new sign in town.

Sitting at the corner of Lee Rd. and 59th Street at the Fort is a sign that says: Land For Sale, Master Plan Community -- Mixed Use, Contact the FHRA at 317-377-3400. It's a cool looking sign and pretty much says it all . . . We've got land to sell around here.

We've already had some callers, some of whom are questioning what we're doing, so I thought I'd share. A master plan for Lawrence Village at the Fort was created and approved by the FHRA, the City of Indianapolis, and the City of Indianapolis in 2006. The outcome of that is what's called a PUD or Planned Urban Development. This is a legal document that spells out what we can and can't do in the Village. The nice thing about this document is that we can be assured that all buildings will be around a common theme, landscaping will be awesome, and streets will incorporate bike lanes, wide sidewalks, and trees.

The even nicer thing about this plan is that it is a result of feedback from the community. It's basically what YOU want here at the Fort.

Lawrence Village at the Fort is intended to be a dense, walkable village atmosphere where people live, work, and play. Embedded within this 95 acre property, which is bordered by 59th St., Lee Rd., 56th St., and Otis, we'll have "pocket parks," which are small places to sit and read, throw a frisbee, or listen to a concert. We'd also like to incorporate public art, which is what the Village Art Committee is working on. (The committee meets again today at 4:00, by the way.)

The FHRA will have construction documents ready for bid by the end of this year, and we hope to break ground on the first phase of infrastructure in March of 2009. This phase will bring a new Wheeler Road, Otis Road, Merrit Rd. and Hawkins Rd.; one retention pond and one detention pond, buried utilities, tree-lined streets, and 6 foot sidewalks. Along with this development, we're working hard to attract businesses, residential, and retail. Which brings me to that Land for Sale sign.

We own approximately 50 acres of property that is for sale to developers and investors interested in making Lawrence Village at the Fort happen . . . soon. We're already talking to several people and receiving a lot of interest. (In fact, we're talking to one developer and have received a letter of intent to buy a parcel.)

The community got the ball rolling with their interest and feedback in creating a new town center. The FHRA is taking it from here toward the end goal of developing a great place for the community, businesses, and visitors to live, work, and play.

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