LAPEL – A local business owner and developer plans to turn 25 acres of land into housing and commercial space along the Ind. 32.
Andy Cole of BC Property and Bryan Stumpf of 11th Street Development are planning a 97-unit subdivision with three different options and a commercial development.
The 25-acre site is located on Ind. 32 west of Lapel High School and borders the city park.
Cole said the property is currently under purchase agreement with the Woodward Place development plan.
Stumpf said along the Ind. 32 that the concept plan calls for a 14,400 square foot grocery store and two retail strips containing an additional 46,200 square feet.
“There’s a lot of interest,” he said.
The plan calls for the construction of 55 single-family homes, 20 quadruplexes with common area and 22 chalets which would be rental properties.
Stumpf said the chalets will face green space with parking at the rear of the buildings.
“We want to create a sense of community,” he said.
Cole said there will be walking trails throughout the property that connect to Woodward Park and a retention pond that will be stocked for fishing.
Bridgenorth Homes will be the contractor for the construction of the residential units.
Currently the property is zoned commercial and agricultural and the Lapel Plan Commission is being asked to rezone the property for residential use.
The project is estimated at $8 million and work will begin in the spring.
“BC Property is buying the property and 11th Street is our development partner,” Cole said. “There is a lot of enthusiasm for the project.
“It’s something we could do for the community,” he said. “It’s something the city needs and wants. We try to help the community.
Follow Ken de la Bastide on Twitter @KendelaBastide, or call 765-640-4863.