WESTFIELD, Ind. (WISH) — City officials and an area real estate developer on Tuesday announced a $25 million residential and commercial development that will be adjacent to a recently approved $35 million park downtown.
The development, Union Square at Grand Junction, will be in the city block between State Road 32 and the park to be called Grand Junction Plaza.
In March, the City Council approved funding of $35 million for the 6-acre park on South Union Street between Jersey and Mill streets. It will include an outdoor performance area, a cafe, fountains and child play areas. In the winter, the park would host an ice skating rink.
Old Town Cos. plans to develop retail shops, restaurants, “market-rate” apartments and “for-sale condos” as part of the Union Square at Grand Junction, the company and city said in a joint news release. Construction will begin in 2020 and continue over the next three to five years.
Old Town Cos. is a sister company of Carmel-based custom homebuilder Old Town Design Group.
“Our goal for Union Square is to create a small village architecturally with buildings that look as if they’ve been there for 100 years,” said Justin Moffett, a partner with Old Town. “Our interest in this site was initially generated by the proposed plans Grand Junction Plaza. It’s an outstanding location and with the development of Grand Junction Plaza, we’re excited to get started on being a part of the area’s transformation.”
Old Town is working with business owners and the Westfield Lions Club affected by the new development to find relocation options. Old Town also plans to host a series of community workshops in July to encourage public comment on development plans.