Developers Eye Crown Point for E-commerce Park
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A Texas-based developer of industrial real estate is exploring the possibility of developing 250 acres in Crown Point for an e-commerce business park. Our partners at The Times of Northwest Indiana report Hillwood Investment Properties is partnering with Mississippi Parkway Partners to transform the vacant land on the southeast side of the city.
Hillwood develops business parks across the globe, partnering with companies to fill the developments once they are built. Hillwood Executive Vice President Don Schoenheider said that because there is currently a lot of demand for industrial parks, Hillwood has been able to fill developments in a matter of months.
“We are looking in a crystal ball trying to figure out what we need to develop in order to meet the needs of the marketplace,” Schoenheider said. “The goal of this project, with the buildings we build and the park environment we create, will be to not only attract the employers and the tenants but also to help them attract employees.”
The tract is bordered by Iowa Street to the east, Interstate 65 to the west, East 137th Avenue to the south and ending just south of 129th Avenue to the north.
The publication says the land was rezoned last fall from a mix of B-3 business and R-1 residential to BP-1 business park. The next phase will be the primary platting process.
Schoenheider said Hillwood will start by building one or two speculative buildings to attract companies and then add additional structures as needed.
The Crown Point Plan Commission gathered Tuesday evening for a special meeting to give feedback on the plan. Commissioner Mike Conquest called the project “one of the biggest developments and maybe one of the most impactful developments that has hit Crown Point in a long time.”
Hillwood says it would like to begin the first of four phases within the year.