WEST LAFAYETTE, Ind. (WLFI) – Businesses are showing interest in developing along the new U.S. 231 in West Lafayette.
It’s been a busy spring for developers Steve Schreckengast and Alan White who own land at the new U.S. 231 and Cumberland Avenue intersection.
“We are currently talking with several very substantial entities that have shown interest in the property,” Schreckengast said.
Schreckengast said they are not ready to make any announcements right now. He said they are still looking to bring the same type of development to the empty plots of land as originally planned.
“We’re going to have possibly some medical use, some office park type use, professional office buildings, and then some retail like restaurants and maybe motels,” Schreckengast said. “We’re just now starting to gel our marketing effort, and I think we’ll see some announcements here sometime in the near future.”
He said whatever projects they go with, they want them to look like developments in and around Indianapolis.
“We want to see something that would look like it would be in Zionsville or Carmel,” he said. “That kind of nicer exterior appearance. We are very mindful of this being a gateway into West Lafayette and to Purdue and we want some nice development out here.”
Right now, Schreckengast said they’re working on getting some of the land ready for businesses to move in. He said construction on new businesses may start before the end of the year.
“The first part would be to put in roads and infrastructure and we’re working on that,” Schreckengast said. “We’re doing our initial studies now, and I think it’s likely that we might see something. We’ll definitely see some announcements before the end of the year.”
Schreckengast is no stranger to developing in this area. Currently, they are working on the final phase of the Wake Robin neighborhood off of Cumberland Avenue.