Industrial Park Planned For Whitestown

Posted: Updated:
The park would be located just off I-65 in Whitestown. The park would be located just off I-65 in Whitestown.
WHITESTOWN -

Two central Indiana developers are proposing a $113 million industrial park in Whitestown. According to documents filed with the town, the GreenParke development would take eight years to complete and could bring 980 full-time jobs to the area.

The project includes six industrial buildings totaling more than two million square feet, plus additional buildings totaling more than 37,000 square-feet. The 170-acre development would be located just off Interstate 65. 

The project would create approximately 324 office jobs with an average salary of $50,000 and 656 warehouse jobs with an average salary of $31,200.

GreenParke is being developed by Strategic Capital Partners in Indianapolis and Lord Realty Holdings in Carmel. A Whitestown spokesperson tells Inside INdiana Business the developers are working to complete the purchase of the land from Illinois-based Verus Partners.

The Whitestown Town Council has approved the economic development agreement, which will be considered for approval next week by the Whitestown Redevelopment Commission. The town is planning to assist with funding the project by issuing an economic development revenue bond not to exceed $4 million.

The developers are also expected to apply for a tax abatement in the future. If all approvals are met, construction on GreenParke could begin in June 2019 and is expected to be complete in April 2027.

  • Perspectives

    • An Antidote For First-Time Homebuyer Jitters

      If you're a Millennial like I am, chances are you're in the market to purchase your first home. It's exciting!  But since it's most likely the largest purchase you've ever made, it can quickly turn into a nerve-racking endeavor. Having just completed a transaction, I found that following these guidelines can ensure a smooth process. Every homebuyer's experience will be different because of a number of variables such as what state you live in and the condition of the housing mark...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Colts Makes Promotions, Hires

      The Indianapolis Colts have announced the following changes to its football operations staff and team. Ed Dodds has been named assistant general manager. He enters his second season with the Colts and his 16th year in the NFL. Brian Decker has been promoted to director of player development. Jon Shaw has been elevated to assistant director of pro scouting. Also, Stephanie Pemberton (pictured) has been promoted to vice president of marketing.

    • Mark Music is chairman of Ruoff Financial Corp.

      Ruoff to Acquire White County Bank

      Fort Wayne-based Ruoff Financial Corp. has announced plans to acquire SBB Bancshares Inc. in White County. Financial terms were not disclosed, however Ruoff says once the deal is complete, SBB subsidiary State Bank of Burnettsville will be renamed and operate as Ruoff Bank. The acquisition is expected to be complete in the fourth quarter. Ruoff says no job losses are expected. Ruoff Financial Corp. is the parent of Ruoff Home Mortgage, which has more than...

    • Joel Farmer

      Guidon Design Hires VP of Architecture

      Joel Farmer has joined Indianapolis-based Guidon Design as vice president of architecture. He has more than 28 years of healthcare design experience and has planned, designed, and managed numerous large and small healthcare and life science projects throughout the Midwest. In his new role, Farmer will focus on envisioning healthcare projects that integrate long-term overall wellness through functional and solution-oriented design.

    • Sazerac Acquires Former General Mills Plant

      Louisiana-based Sazerac Co. Inc. has made the first step in its recently-announced plans to locate a new alcohol bottling facility in Indiana. The company has purchased the former General Mills plant in New Albany for an undisclosed sum, a move that is part of an overall $66 million investment that is expected to create up to 110 jobs by 2021. A joint venture between New Mill Capital Holdings LLC and Tiger Group sold the facility to Sazerac. The 455,000-square-foot plant closed...

    • State FFA Convention Set to Begin

      The 89th Indiana FFA State Convention begins Monday at Purdue University in West Lafayette. The four-day event will include community service projects, awards ceremonies and the election of state officers. Thousands of students will take part in community projects during the event, including making blankets and CANstruction projects that will be donated to Hoosiers in need. Speakers will include Lieutenant Governor Suzanne Crouch and paralympian and best-selling author...