Plans for the 856-home project, initially pegged at 780 acres, were introduced in August. Even after developer Pulte Homes made major revisions, the Westfield City Council on Monday scuttled the plans.
The city is considering eliminating the highway’s Corridor Overlay, which prohibits residential use and restricts retail, parking, and building locations and sizes.
The local developer’s plan for the problematic downtown property calls for 2.7 million square feet of development, including 250 apartments in the first phase, office and retail space, a hotel and public green space.
Construction on the four-story structure should start next month and will continue a campus transformation featuring more than $220 million in projects.
Mayor Mark Myers, a second-term Republican, hopes to take a page from the playbooks of Carmel and Fishers, which have drawn more residents downtown by creating a commercial and residential hub.
Existing-home sales in central Indiana soared in March while rising for the 16th month out of the last 17.
Hope Plumbing expects to sink $1 million into the project about a block from its current home to accommodate its growth. It’s seeking a tax abatement from the city to help offset costs.
The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.
Supporters of the bill, which would restrict cities from outright bans on short-term rentals like Airbnbs, have just a few days to bring it up again this year.
Demand for new homes in central Indiana bounced back in March after an off month in February.
After months of plan revisions and heated discussions, the Westfield Plan Commission on Monday night gave Pulte Homes a nod of support for its controversial 856-home development proposal.
Affordable housing advocates are worried that a bill lawmakers sent to Gov. Eric Holcomb will exacerbate what they say is a shortage of inexpensive options for Hoosier families.
The Indiana Senate has narrowly backed a proposal attempting to navigate regulations on short-term rentals amid a changing market that now includes companies like Airbnb.
Changes made to a short-term rentals bill earlier in the week were erased in the Senate on Wednesday.
House Bill 1133, which would prevent local governments in Indiana from banning Airbnb-style businesses, would give municipalities the ability to require short-term rental hosts to pay for a permit in order to host guests.
The mild winter has meant more home sales at the beginning of the year than usual, said F.C. Tucker President Jim Litten.
It was quite a change, to say the least, from the Jim O’Neils’ previous abode—a large but traditional home on 116th Street.
The Builders Association of Greater Indianapolis estimates that no more than 10 of its 150 members are women, with many of them building few homes.
February’s decrease in existing-home sales came amid a steep increase in prices and a big decline in housing inventory.
The bill’s author, Rep. Matt Lehman, R-Berne, says it’s important to stop knee-jerk government regulation that would restrict anyone’s ability to “use our private property for what we want to use it for.”
