The Estridge Companies has decided to approach the Symphony development in phases. Rather than proceed with the entire 1,400-acre development all at once, Estridge will pursue zoning approval for parcels of land.
“Our core vision for the area hasn’t changed, but the current economics of the project have, so we must alter our plans accordingly,” said Paul Estridge, president & chief servant of The Estridge Companies.
Estridge will re-evaluate the project, using the master plan as a guide, and return to the Plan Commission with a smaller parcel for zoning consideration in the coming weeks.
“We think it’s prudent to take smaller steps to achieve great things,” said Estridge. “Because of the weak economic climate and feedback we’ve received from members of the community, we’ve decided to significantly reduce the proposed PUD size and scope of Symphony, so that rather than 1,400 acres it’s closer to the size of our successful Centennial development, which is 436 acres.”
Westfield Mayor Andy Cook said, “The City of Westfield appreciates the time and resources Estridge has dedicated to Symphony. This is an economic development project cities across the country would relish. We look forward to continuing to work with the Estridge team. ”
The land identified for Symphony is on the Westside of Westfield and is bordered by 146th and 161st streets and Ditch and Towne roads. Zoning is being pursued that would accommodate a mixed-used community that includes residential and commercial buildings.
The Estridge Companies is Central Indiana’s hometown builder of premiere homes and neighborhoods. Its largest community to date is the 1,100-home Centennial, which is adjacent to Symphony.