The city of Westfield and Carmel-based Old Town Companies are planning a new residential and commercial development, as well as an expansion to the Union Square at Grand Junction project. The city says Old Town is investing a total of $80 million in the project.
Old Town is planning to add a more than 300 spot parking garage in its Union Square mixed-use development. The company is also planning to build a new townhome development, Midland South, along the Midland Trail and across from the city’s Grand Junction Plaza which is now under construction.
“Families and businesses want to be in Westfield,” said Mayor Andy Cook. “We have worked with residents for years to create the vision for the heart of our city. Now it is coming to life. I am happy to have Old Town join us in this journey.”
As part of the Union Square project, the city says it will enter into a public-private partnership with Old Town to build a parking garage. The city will use increment from the Economic Development Area to pay for its portion of the garage.
“Downtown Westfield is ready for investment and we are excited to be a part of it,” said Justin Moffett, a partner with Old Town. “Our update to Union Square includes the addition of a parking garage and an expansion of the development to include five acres on the east side of Union Street. Midland South was planned in response to feedback from community residents desiring for-sale housing within walking distance to Grand Junction Plaza. The natural beauty of the Midland Trail adjacent to our proposed townhome community is an added benefit.”
Pending approvals, the city says construction is expected to begin this summer. Construction on the plaza began last summer and is scheduled to be complete later this year.