Three longtime Zionsville business owners have made a proposal to purchase part of the old Town Hall site to construct a new building to house their offices.
Greg Storen, president and owner of Storen Financial Group, and Drs. Jim Haines and Nicholas Garn, both of Zionsville Eyecare, partnered to form Seake, LLC and submit a proposal to the town to construct a 20,020-square-foot, two-story building at 1120 W. Oak St. They plan to spend $5.2 million on the project, with approximately $600,000 for land acquisition and $4 million on construction.
Storen and Zionsville Eyecare already have separate offices within a half mile of the proposed site. Storen and Garn have been seriously discussing the possibility of partnering to build new offices together for a couple of years and began working on the project approximately six months ago.
“When we learned this ground would be coming available, we really started trying to put our ducks in a row to see if we could financially get things together so we could bid on this ground,” Storen said.
The site is zoned Town Hall PUD and is within the Town Hall tax increment financing district. Taxes collected from the site and others within the TIF district will be used to help pay off the new Town Hall, which is across the parking lot.
“We want to be in the heart of Zionsville,” Storen said. “To be part of that whole area that develops is really fortunate. To see what eventually will come of that and be part of that is really exciting.”
The Seake proposal states that the new building will be approximately 75 percent owner occupied. Storen said his company would double its space in Zionsville in the new building and add several additional staff members. Storen Financial’s current space in Zionsville is leased, but Storen said he plans to keep the firm’s Brownsburg office open.
Zionsville-based David Rausch Studio is the project architect. Storen said they selected Rausch because of his experience building in the area and upholding its unique style.
“We’re trying to maintain integrity with Zionsville architecture,” Storen said.
The Zionsville Redevelopment Commission tabled a vote on the proposal at its Nov. 27 meeting. Its next meeting is set for 6:30 p.m. Dec. 26.