Zionsville Times Sentinel

Local News

October 16, 2013

Development may come to Citgo site

Zionsville — An unnamed developer hopes to file plans for a mixed-use development on the former Citgo site at the corner of Main and Sycamore streets.

Bo Leffel, of Cassidy Turley, said he was not able to disclose the name of the developer but said the last plans he saw for the site were for a “high-end, mixed-use development.”

“There will be a residential component to it,” Leffel said. “I don’t know when, specifically, they will have a public plan.”

Leffel said the property has been under contract with several developers throughout the years.

“This is one of three developers to have the property under contract in a span of six months,” he said. “Things have evolved numerous times. All three were planning on some sort of mixed-use development.”

The buildings that sat on the property were razed in January 2012 after the town agreed to pay the owners of the property, EBO, LLC, $25,000 to demolish them.

Citgo went out of business in March 2008 and sat vacant until the buildings were leveled. A public hearing and litigation preceded the demolition after the council wanted the buildings demolished by November 2011.

The owners filed a lawsuit against the town, but the lawsuit was dropped after the two sides came to an agreement to demolish the buildings.

The 2.4-acre property was listed on Cassidy Turley’s website for $1.35 million. Leffel did not comment on the final sale price because the deal is structured as a lease initially because of deed restrictions, but the parcel would be sold at a later date.

Text Only
Local News
Order Times Sentinel photos

Photos from April 2014

Twitter Updates
AP Video
Raw: Fire Engulfs Tower Block in China Ocean Drones Making Waves in Research World Breakfast Foods Are Getting Pricier Raw: Ferry Captain Received Medical Treatment Hundreds Gather for Denver Pot Rally on Easter Transcript Reveals Confusion in Ferry Evacuation Raw: More Than 100,000 Gather for Easter Sunday Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Raw: Four French Journalists Freed From Syria
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide