The Town of Cloverdale may soon see a major housing development, thanks to the efforts of realtor John Setty, who is representing local farmer Curt Sinclair.
Sinclair owns a 329-acre tract of land bordered by Crosswinds Street on the west and 900 S on the north.
Setty envisions the development, which will contain approximately 490 plots ranging from one-fourth to one-third of an acre, to be a mixture of commercial and residential properties.
He presented the proposed project to the Cloverdale Planning Commission last week and was met with general encouragement from the commission members, although the commission stressed the need to address zoning issues so that the development's overall character would be beneficial to the community.
Models of zoning ordinances of similar developments located in Danville, Avon, Nashville, and Carmel will be utilized to structure the commission's plan.
Setty stressed at the commission meeting that he was willing to look at what the town recommends with regard to the proposed development.
He projects rolling out phase one of the project in April or May. The overall development would be completed in three or four phases.
Most of the single-family residences would range in price from $85,000 to $150,000, Setty said. The hope is that the development would serve as an ideal commuter community for those working in the Indianapolis and Terre Haute metro areas.
He went on to say that he has had some initial interest in the commercial lots available, but confidentiality agreements prevented him from providing any specifics on the nature of the businesses which had inquired.
Setty added that he didn't foresee any major problems with getting the initial go-ahead for the project. The only potential stumbling block that he pointed out was that two different utility companies, Duke Energy and Hendricks County REMC, service the area. In cases where this has been an issue in the past, the utility providers generally negotiate to assign the area to one provider.
Final approval of the subdivision will be requested at a future plan commission meeting.
The plan commission regularly meets at 7 p.m. on the first Thursday of the month at the Cloverdale Town Hall.