The proposed Sycamore Flats development will be considered by members of The Zionsville Town Council next month.
The Zionsville Plan Commission voted 5-2 Monday, April 15, in favor of the proposed project, with residents filling both the meeting room and overflow area, with many sharing input regarding the project.
Sycamore Flats is a mixed use development that would be located at 165 and 253 W. Sycamore Street. J.C Hart is the developer and has asked the town to rezone around 4.3 acres from the Village Business designation to a planned unit development. Sycamore Flats would include 184 upscale one- and two-bedroom apartments as well as 5,000 square feet of retail space. The development would have amenities for residents that include a pool, green space, an exercise area and clubhouse. A 255 resident-only parking structure with 90 outdoor public parking spaces are also included in the plan. The proposed development would cost around $40 million to complete.
Amanda Vela, Director of Communications for Town of Zionsville Tuesday said the public input is always valuable.
"Residents shared both viewpoints speaking at the meeting. We also received letters and calls sharing thoughts on this project," she said. "We value everyone’s input.”
Those opposed to the project have cited concern about adding traffic to an already congested area of the community, increasing the burden on the schools, and adding to the police department's workload.
Those in favor have said the town needs luxury apartments to encourage young people to stay in town as well as to allow retirees a place to downsize into, increase the customer base for downtown businesses, and capture additional revenue for infrastructure by extending the term of a TIF district in that area.
The Zionsville Town Council will now vote on the project Monday May 6 at 7 p.m.
Previously, several plans to develop the area have met with too much opposition from the community and town planners.