Valpo Announces Shell Building Construction

Posted: Updated:
(file photo) (file photo)
VALPARAISO -

City leaders have reached an agreement with developers on a plan to boost economic development on the east side of Valparaiso. The agreement includes the design and construction of an 80,000 square-foot industrial shell building at The Lakes of Valparaiso.

The city of Valparaiso, the Valparaiso Redevelopment Commission, the Valparaiso Economic Development Corp. signed the agreement along with Chicago-based Weiss Entities LLC and Terre Haute-based Garmong Construction Services Inc. to develop the building. The city says the shell building will pave the way for added economic development.

"We’re pleased that Garmong Construction chose Valparaiso for this positive project," said Mayor Jon Costas. "We’ve worked hard to promote a positive business environment and this building provides ready-made opportunities for businesses to join or expand in our community. This job-creating project has become a reality because of the collaborative leadership of public and private parties."

Under the agreement, Garmong will purchase about eight acres of land from Weiss Entities and will design, construct and provide the financial capital necessary to fund the project. The Valparaiso Redevelopment Commission has agreed to reimburse Garmong for the cost until the project is sold or leased.

"Over the last few years, many large prospects looking at Valparaiso have been challenged by the city’s lack of available building space. Any available space is quickly purchased," said Patrick Lyp, Valparaiso’s economic development director. "Garmong’s decision to construct an 80,000 sq. ft. shell building in Valparaiso reflects our positive business environment and provides new opportunities for added business and added jobs."

The Lakes of Valparaiso is a multi-purpose development, covering 150 acres, including 55 acres for multi-family residents, 90 acres for a business/corporate park and five acres of retail space.

  • Perspectives

    • We’re Having the Wrong Conversations About Safety

      Every time there’s a shooting at a school or a workplace, the arguments begin. We need more police officers stationed in the buildings. We need to arm teachers or encourage employees to carry handguns. We should invest in smokescreen systems or bulletproof partitions. Everyone should hide from the shooter. Everyone should run from the shooter. Everyone should confront the shooter. It’s healthy that we’re discussing safety, but unfortunately, we’re talking...

    More

Events



  • Most Popular Stories

    • Forbes Ranks Top Colleges; 3 Indiana Schools Make the Cut

      Forbes released its 12th annual ranking of America’s Top Colleges based on direct benefits a university or college provides its students. Several Indiana universities made the list in some “sub-categories”, like Grateful Graduates Index, but the University of Notre Dame was the only school in the state to break the top 20 overall rankings.

    • West Lafayette Center Breaks Ground

      West Lafayette city officials this week broke ground on the $31.5 million West Lafayette Wellness and Aquatic Center at Cumberland Park. Plans for the 72,000-square-foot project feature a natatorium, three gymnasiums, exercise machines, free weights and community rooms. 

    • Butler Unveils New Building for Lacy School

      The president of Butler University says the new building for the Lacy School of Business will create better engagement for students and faculty. The university unveiled the building Wednesday on the Indianapolis campus. James Danko says the new facility adds five times the classroom space and square footage for the school, which previously didn't have enough space for half of its classes. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, Danko called...

    • Caito Foods was founded in 1965.

      Caito Foods to Cut Jobs

      Michigan-based SpartanNash (Nasdaq: SPTN) has decided to discontinue the Indianapolis-based Caito Fresh Kitchen operations. The grocery retailer-distributor acquired Caito Foods Service in January 2017 for $217 million. The company broke ground on its $32 million fresh kitchen process facility in 2015. 

    • Photo courtesy of Portillo's

      Portillo's to Open Fort Wayne Location

      Portillo's Restaurant has announced it will open a new 7,800-square-foot restaurant in Fort Wayne. The location will be near the Glenbrook Square Mall and is slated to open in late 2019.