$185 Million Development Proposed for Crown Point

Proposed layout of The Fountains

Crown Point-based developer DVG Teams Inc. told city planners this week it wants to build a $185 million mixed-use development near Interstate 65 and U.S. 231. Our partners at The Times of Northwest Indiana report The Fountains would combine residential, retail, office space and restaurants.

The developers presented the idea during a meeting of the Crown Point Plan Commission. DVG principal Jeff Ban says the project would be a “large neighborhood that would have an interplay and blending of the kinds of uses that allow you to live, that allow you to work, allow you to shop, and it’ll allow you to play.”

The publication the proposal includes a 202,000-square-foot outlet retail center, two department store anchors, two hotels, several multi-story office buildings, and more than 300 residential units.

The idea for the development is to “create synergies between the different uses, so that the residential is connected to the retail, and the retail is connected to the office uses,” said Ban. The developer says the project, once operational, could eventually create 710 full-time equivalent jobs.

The publication says DVG hopes to have approval and site design in place by April 2022, with the first phase of the project to be complete by August 2023.