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RETAIL | OFFICE | MEDICAL | MULTI-FAMILY

WESTFIELD WEST CARMEL ZIONSVILLE

T O W N E W E S T DEVELOPMENT

NEC 146TH & TOWNE ROAD

SITE

LibertyRidge(142)

Liber

ty Vi

llas (

84)

CURRENT 4-LANE EAST-WEST TRAFFIC LANES

CURRENT 4-LANE NORTH-SOUTH TRAFFIC LANES

Wes

t Rail

(183

)

Wilshire(86)

TOWNE

ROA

D

146TH STREET

WESTFIELD

CARMEL

W 116TH STREET

DITCH ROAD

SPRING MILL ROAD

• 30-ACRE MIXED-USE DEVELOPMENT • EXCELLENT CONNECTIVITY• DIRECT ACCESSIBILITY TO

⇒ WEST CARMEL⇒ WESTFIELD⇒ ZIONSVILLE⇒ INDIANAPOLIS

Amble

side P

oint

(265

)

Bent Creek(191)

Alba

ny

Plac

e (51

)

Tally

n’s

Ridg

e(1

24)

151ST STREET

AppaloosaCrossing

(164)

Holliday Farms(900)

The Farmat Zionsville

(220)

ZIO

NS

VILLE

SycamoreGlen(100)

Derby Ridge(125)

The Courtyards of W

estfield(270)

Copper Beech

Farms (6)Saddle Ridge

North(175)

Serenede(125)

161ST STREET

Willo

w Gl

en(8

8)

ClaiborneFarms(490)

FUTURE 4-LANE EAST-WEST TRAFFIC LANES

PLANNED / APPROVEDRESIDENTAL UNITS

Brookhaven Estates(260)

Alba

ny

Villa

ge (8

4)

Heather Knoll(271)

Fieldstone(90)

The Willows(242)

Bear Creek(65) Overbrook

Farms(82)

Hidden Pines(145)

Woods at Lions Creek

(31)

Long Ridge Estates(150)

Brittany Chase(127)

Cobblestone Lakes(464)

Preserve ofSpring Knoll

(356)

Rock Bridge(240)

Merrimac(292)

The Villageon Spring Mill

(400)

Legacy Oaks(64)

Harmony (984)

Wes

tches

ter(1

69)

Spring Mill Station SWC (299)

Wood WindGolf Club

156TH STREET

350 Massachusetts Avenue, Suite 400 | Indianapolis, IN 46204 | (317) 599-4800 | www.gershmanpartners.com LEASING & DEVELOPMENT INQUIRIES > RYAN GERSHMAN [email protected] | MEGHAN DEMARS KIGER [email protected]

Enclave and Springs(46)

Retreat onthe Monon

(86)

Maple Ridge (68)

Grassy Branch at Bridgewater

(60)

Lantern Park(59)

BrookstonePark(100)

PondsPointe

SpringmillPonds(229)

Lennar at Westgate(675)FUTURE 4-LANE NORTH-SOUTH TRAFFIC LANES

INFRASTRUCTURE + ACCESSIBILITY TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

Copper Trace(72)

Centennial(1,081)

CCC

The Village of WestClay

(Population of 20,213,Source: neighborhood website)

(Population of 100,000,Estimated in 2020)

(Population of 45,000, Estimated in 2020)

(Population of 29,000, Estimated in 2020)

Saddle Creek(500)

Woo

d Wind

-No

rthwi

nd(7

5)

Westwood Estates

CheswickPlace

The Woods atWilliams Creek

SHEL

BOUR

NE R

OAD

HaydenRun

The Trails atHayden Run

LakesidePark

HOUSING DEVELOPMENTS + GROWTH TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA


RESIDENTIAL DEVELOPMENTS(*not in view text in italic)

1 - Chatham Hills2 - Osbourne Trails3 – Lancaster 4 – Wheeler Landing5 – Charles Towne6 – Gristmill Crossing7 – Coventry8 – The Trails9 – Spring Mill Station SWC10 – Lindley Run11 – Scofield Farms12 – Grand Millennium13 – Westgate14 – Bordeaux Walk15 – Westchester16 – Liberty Ridge17 – Serenade18 – Liberty Villas19 – Wilshire20 – Hawthorne Ridge21 – Grassy Branch at Bridgewater22 – Sheffield Park 23 – West Rail24 – Suffolk at Oak Manor25 – Maple Ridge26 – Emory Trace27 – Enclave at Andover28 – Lakes of Westfield29 – Andover North30 – Harmony31 – Claiborne Farms32 – Saddle Ridge North33 – Holliday Farms 34 – The Farm at Zionsville35 – Centennial36 – Wood Wind - Northwind37 – Derby Ridge38 – Bent Creek39 – Lennar at Westgate40 – Midland neighborhood *unnamed

41 – Multi-Family Development *unnamed

42 – The Courtyard

(1,790)(490)(490)(750)(244)(177)(250)(300)(299)(425)(235)(500)(748)(84)(340)(142)(125)(84)(86)(51)(63)(126)(183)(87)(70)(79)(80)(235)(220)(984)(490)(175)(900)(220)(1,081)(75)(125)(191)(675)(538)(480)(270)42

TOWNE WEST DEVELOPMENT

(number of units)

35

38 37

32

36

41

39

31

40

35

DETAILED AERIAL TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

CARMEL

Bent Creek(162)

Wood WindGolf Club

FUTURE MEDICAL & MULTI-FAMILY DEVELOPMENT

CC

CFUTURE

COMMERCIAL DEVELOPMENT

ZIONSVILLE

Albany Village(84)

Albany Place(51)

Tallyn’s Ridge(124)

Trails at Hayden Run

(265)

Ambleside Point(265)

The Courtyardsof Westfield

(100)

Planned Multi-Family & Senior

Living Community(480)

Harmony(915)

Liberty Ridge(142)

Westchester(169)

Serenade(120)

W 156th Street

TOWNE WESTDEVELOPMENT

W 156th Street

Wood WindGolf Club

Northwind(86)

Serenade(120)

Harmony(915)

Westchester(169)

Liberty Villas (84)

Harmony(*continued)

Tow

ne R

oad

Shel

bour

ne R

oad

Copper Beech Farms

(6)

Harmony Apartments

SycamoreGlen

W 159th Street

W 151st Street

Clairborne Farms(490)Claiborne Farms

PUD District(490)

The Courtyardsof Westfield

(100)Claiborne FarmsPUD District

(*continued)

WESTFIELD

4-LANE EAST-WEST TRAFFIC LANES W 146th Street 4-LANE EAST-WEST TRAFFIC LANES

W 151st Street

Ditc

h R

oad


AutumnWood Farms

Saddle Creek

350 Massachusetts Avenue, Suite 400 | Indianapolis, IN 46204317.599.4800 | www.gershmanpartners.com | 2020

SITE PLAN (1) TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

146th Street

Tow

ne R

oad



SITE PLAN (2) TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

146th Street

Tow

ne R

oad


ARCHITECT RENDERINGNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

TOWNE WEST DEVELOPMENT


146TH STREET

TOW

NE

RO

AD

WESTFIELD

CARMELZIONSVILLE

60,000+POPULATION WITHIN VICINITY OF SITE

23,700PROJECTED HOUSEHOLDS BY 2024

“BEST PLACES TO LIVE”-money.com

A+ PUBLIC SCHOOL DISTRICTS-usnews.com

WITHIN MINUTESTO GRAND PARK; PREMIER 400-ACRE SPORTS FACILITY WITH YEAR-ROUND EVENTS

9,860 PLANNED & APPROVED RESIDENTIAL HOUSING UNITS IN WESTFIELD

$160,000AVERAGE HOUSEHOLD INCOME

TRADE AREA HIGHLIGHTS TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA



IN THE MEDIA TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

Takea closer look



IN THE MEDIA (*continued) TOWNE WEST DEVELOPMENTNEC 146TH & TOWNE ROAD | WESTFIELD, INDIANA

Curtesy of the Indiana Business Journal,published June 26, 2020




Westfield Ranked Among 'Best Places to Live'Tuesday, September 22nd 2020, 11:22 AM EDTBy Alex Brown, Assistant Managing EditorINSIDE iNDIANA BUSINESS with Gerry Dick

(photo courtesy of the city of Westfield)

WESTFIELD - The city of Westfield is included in Money.com's 2020 list of "The Best Places to Live in America." The ranking was determined by analyzing a variety of criteria, including employment opportunities, cost of living, and diversity.

Westfield is ranked No. 6 on the list and is the only Indiana city to be included. The website says the city's population has grown 45% over the last 10 years, which it says can be attributed to many reasons, including a strong school system.

"Westfield High ranks as the fourth-best high school in the Indianapolis area and the ninth-best in the entire state, with a 97% graduation rate," the website said."Westfield High has particularly excelled in science and technology and was named a

Distinguished School by Project Lead the Way, a STEM-focused non-profit, in 2020.“

Money also measured housing, health and safety, education, weather, lifestyle, and amenities - both for safety and entertainment - in determining its ranking.The top five cities on the list include Evans, Georgia; Parker, Colorado; Meridian, Idaho; Rockwall, Texas; and Columbia, Maryland.





Westfield broke records last year for the number of residential building permits it issued, and developers are still pitching large-scale projects with hundreds of new homes along the northwest side of the city.The Westfield Advisory Plan Commission approved Ohio-based EpconCommunities’ 89-home Courtyard of Westfield project during its meeting last week before holding public hearings for residential projects with a combined 583 homes. The body is scheduled to review several residential petitions at its next meeting on May 17, including Carmel-based Estridge Development’s proposed 553-home Midland neighborhood. Estridge CEO Clint Mitchell said his company’s nearby 675-home Harmony neighborhood is about to sell out, one year sooner than originally expected, so now is the right time to start adding inventory.“Westfield has become an extremely desirable place for people to move to in the Indianapolis area, and we have people moving from all over the country,” Mitchell said.The Builder’s Association of Greater Indianapolis found the number of single-family building permits issued in the greater Indianapolis area increased by 24% from 2019 to 2020. Hamilton County had the highest number of permits issued in the report area last year, with a 13% year-over-year increase in new home construction. Within the county, Westfield made up approximately 40% of the 2,607 permits issued in 2020.Westfield has continued to dominate in 2021. Between January and March of this year, the city approved 399 single-family residential building permits. The next-closest community within the Builder’s Association of Greater Indianapolis report area was Indianapolis, with 344 permits approved as of the latest report in March.

Mitchell said Midland’s homes would cost about the same as those in Harmony. He expects the townhomes to sell for roughly $300,000 and the single-family homes to reach anywhere from $500,000 to $600,000.“We see it as another type of Harmony neighborhood that’s highly amenitized, walkable, has the extensive landscaping and lakes and trail systems—like Estridge does in all of its other neighborhoods,” Mitchell said.One key feature Mitchell highlighted was a plan to extend the Midland Trace Trail, which he said currently ends at the property. He said the plan is to extend the trail west through the development as a centerpiece, similar to how townhomes were built up around the Monon Trail in Carmel.That trail will divide the property between the residential portion to the south, and a future multifamily, retail and commercial sector planned between the trail and State Road 32.

Branching off from that trial feature, the Midland neighborhood will have three miles of trails connecting pocket parks, playgrounds, a pond with a fishing dock, a neighborhood clubhouse, outdoor basketball and bocce courts, a large neighborhood pool and splash pad, an amphitheater and a pavilion for activities like farmers markets.

(*IBJ article continued next page)

Residential growth tear in Westfield continues as 1,000 new homes are proposed this monthIBJ Indianapolis Business JournalMay 13, 2021 | Kurt Christian

MidlandThe proposed Midland neighborhood on the west side of Ditch Road, between State Road 32 and 166th Street, could bring 403 single-family detached homes and 135 attached townhomes to the area.The four product types within the single-family footprint would include one-and two-story styles, with anywhere between two and five bedrooms. The attached townhomes would be two- and three-story buildings with two- and three-bedroom formats.

Zoning for the project was approved in 2006, but Estridge needs primary plat approval from the city before it can start development this summer. Mitchell plans to start building in the winter to deliver the first homes in a grand opening next spring.“There’s no timeline yet on the commercial,” Mitchell said. “A lot of it is going to depend on the pace of our development and others around it, having the rooftops in the area to support retail businesses. There is quite a bit of other activity to the north and east along State Road 32 that’s not far away at all. This is the next place in line.”




Jon Dobosiewicz, a land use professional with Carmel-based Nelson and Frankenburger, represented Platinum in proposing the Winterburg neighborhood. He told the plan commission the homes would range from $390,000 to $460,000. The plan is for construction to start in 2022, with residents moving in during spring 2023.The neighborhood is also expected to feature a trail system and pocket parks.Cindy Spoljaric, a member of the city’s plan commission and city council, is worried about the number of homes that continue to be approved in Westfield’s rural areas. She said she’s not sure the city’s existing infrastructure is a match for the pace of development.“We’re getting near that border we consider rural,” Spoljaric said. “I get very concerned when we are approving another 300-plus homes, and we already are inundated with new homes. We’ve had a record number of housing permits for several years now, and this is the kind of thing contributing to that—which is good and bad.”

Meanwhile, Indianapolis-based Platinum Properties Management Company plans to partner with Beazer Homes to build 325 ranch and two-story homes on 154 acres, just west of Casey Road, between 186th and 193rd streets.

Other projectsIn addition to approving Epcon’s development plans for 89 single-family homes at the southwest corner of 151st Street and Towne Road last week, the city’s plan commission also heard proposals to rezone 214 acres from agricultural to planned unit developments.

Lennar anticipates the average sales prices to range from approximately $290,000 to $415,000.

Lennar Homes of Indiana plans to expand the 55-and-older Osborne Trails community currently under construction north of 193rd Street and east of Six Points Road by 60 acres.That expansion at the southwest corner of 199th Street and Horton Road, if approved, would allow the homebuilder to add 192 single-family homes to its neighborhood with the same development amenities, architectural standards and home product offerings as the first phase.

Indianapolis-based Platinum Properties Management Company plans to partner with Beazer Homes to build the Winterburg neighborhood with 325 single-family homes just west of Casey Road, between 186th and 193rd streets. (Rendering courtesy of the city of Westfield)

Indianapolis-based Platinum Properties Management Company plans to partner with Beazer Homes to build the Winterburg neighborhood with 325 single-family homes just west of Casey Road, between 186th and 193rd streets. (Rendering courtesy city of Westfield)

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