Crown Point continues to experience strong residential and commercial growth. Local developers cite the city’s excellent schools and the Mayor David Uran’s foresight as primary factors in drawing new residents to Crown Point.
Crown Point Building Administrator Joe Cash says in 2013 Crown Point issued 190 residential permits with 178 new single family residences, two duplexes and 10 townhomes. Overall residential costs, not including lots, were $47,923,909 in 2013 with an average single family residence construction cost of $252,231.
By subdivision, Cash says, Regency had 43 single family permits, Waterside Crossing 21, Ellendale Farms 21 single family and one two-unit duplex and Penn Oak 12 single family residences. Through the end of June this year, Cash says, Crown Point has issued 76 single family permits and three for duplexes , one seven-unit townhome and one four-unit townhome for a total construction cost of $20,146,000. The highest number of subdivision permits this year are for 22 in Regency, 16 in Ellendale Farm (including the Highlands) and 11 in White Hawk.
Highlights this year on the commercial side are the Franciscan St. Anthony Health Emergency Room remodel, $358,000; an office / warehouse, $720,000;
Burger King remodel, $250,000: the Hamilton Square Clubhouse, $173,000; Main Street Properties Assisted Living, $9,345,633; and Ron Morris, $475,000.
“That’s a total construction cost of $11,321,633.00 for the year of 2014 to date on commercial construction,” Cash says.
Ryan Fleming, Principal broker of Fleming Realty, says three phases of the Ellendale Farm subdivision have been brought on line, totaling 62 lots.
“Before they were even completed, we had 37 sold,” Fleming says. “At this point in time we only have 13 left. Right now we are in the process of getting another 34 lots from one section approved and another 24 for the Highlands section approved.”
Fleming says eight of 18 premium estate lots, all valued at more than $100,000, are already reserved. Fleming says the plans for The Old Town Village section have changed from attached townhomes to detached single family ranch and two-story homes.
“The baby boomer demographic is saying ‘no, we want ranches,’” Fleming says. “Even the master on the main floor is not satisfying their need or their want. So we are building detached single family ranches for that demographic. The young professionals, the ones just graduating college, like the concept of the two-story townhome but they don’t like the attached aspect. We will have two-story single family floor plans for them to be able to satisfy the feedback that we have been getting from them for several years now.”
“The fact that we put in 62 lots last year and that we only have 13 left and we have to put in more this year is an indication that things are getting back to normal,” Fleming says. “People are feeling more confident in the world around them. A lot of people have not done anything for five or six years. They were sitting on the sidelines.”
Fleming says many families put off purchasing homes with room to grow so now they are in the situation of having outgrown those homes and are looking to make a purchase.
“There is quite of bit of pent-up demand where people have outgrown what they are in,” Fleming says. “Now they have to do something.”
Fleming says hands down it is the quality schools which are attracting people from all over Northwest Indiana and Illinois to Crown Point.
On the commercial side Todd C. Kleven, vice president of Hawk Development Corporation says that prior to the recession Jim Hawk scaled back the residential division of the company.
“He had the foresight that something was happening in the market,” Kleven says. “While riding out the recession we pulled in our reins and treaded very lightly on any and all deals. I think it’s safe to say the new residential trend is here; but definitely being more prominent in Crown Point.”
Kleven says Hawk Development’s focus has changed to commercial, retail and general contracting.
“But, we are again receiving residential phone calls,” Kleven says. “And, farm availability is also surfacing.”
Kleven says Crown Point has much to offer, but first and foremost in his opinion, it’s by far the school system that is attracting people to the city.
“I am now seeing this first hand as my oldest enters the second grade at Eisenhower Elementary,” Kleven says. “I see nothing but positive and I am pleased with the entire staff. Along with this great amenity another runs parallel with it and that is our Mayor for life, David Uran. He never lost sight of his vison for Crown Point during the great recession and in my opinion he used that time to build bridges, mend relations and put pencil to paper on all the current project that you are now seeing come to life.”
Kleven says those projects include the 109th and I-65 interchange, the Sports Plex, Trail Head, library and community evolvement.
“All these things as a whole make our great community attractive not only to people crossing state lines but also crossing adjacent town and city lines,” Kleven says.
Kleven is vice president of the Crown Point Youth Soccer Club board, which is seeing a large influx of youngsters setting record high participating each season for the U6 and U8 leagues.
“Many of these great people whom I have become friends with, attend back yard cook out with, etc. are mostly from Illinois as well,” Kleven says.
Kleven says Hawk Development has partnered with Marvin Crook to recently acquire over 60 acres at the I-65 and 109th interchange.
“We are proposing an upscale lifestyle mall including retail, commercial, dinning, eateries and lodging amenities,” Kleven says. “Since the announcement of this development, my daily phone calls and emails have increased tenfold. In May of this year, I promoted the project at the International Council of Shopping Centers in Las Vegas. There I was able to have round table discussions with many users from high-end big box stores to extended-stay hotels. Along with this, were several interested eateries and dining franchises too. They all seem to be in awe over Crown Point’s demographics; including but not limited to, household income, new construction permits, traffic counts and nearby employment / industry.”
Kleven says he is expecting that letters of intent to purchase will be coming soon.
“The proposed Illiana Toll way will only strengthen the says demographics for these retailers/commercial users as it is, in my opinion, that this interchange and Crown Point will pull mostly from the south,” Kleven says. “One exciting thing for our community is that all of the interested dinning/eateries do not already exist in a 25-mile radius.”