SCHERERVILLE | Following months of discussion and numerous meetings, the Shops on Main project has received the last formal approval needed from Schererville.
"Time to build," Town Councilman Kevin Connelly said Monday after a Plan Commission meeting in which the development received secondary subdivision approval.
Bruce Boyer, of Boyer Properties, said he has started obtaining building permits and he wants to start construction before the end of April.
"It will be nice to see construction start after all of the hard work that went into planning this project," Councilman Jerry Tippy said.
The development near the southeast corner of U.S. 41 and Main Street is expected to bring high-end retail and restaurants. Town officials continue to wait to hear which businesses will locate there.
When asked Monday, Boyer said he can't yet disclose names of businesses, but they will be revealed.
The total cost of the project is expected to be around $100 million. The first phase of the work, which is expected to be about $70 million, could be finished in early 2014.
The town has given its approval to issue $19 million in bonds to assist with infrastructure and development costs for the project.
The bonds won't result in additional costs to taxpayers because the bonds will be paid off by tax revenue generated by Shops on Main.
The project will bring road improvements to U.S. 41 and Main Street, which will be done during the first phase. Boyer said he recently received a permit from the Indiana Department of Transportation for work on U.S. 41.
Multiple buildings will be constructed and parking for the entire development also will be created during the initial phase.
Large landscaped areas have been proposed for the site. Walkways also will be created within the development, but no sidewalks are proposed along U.S. 41 or on Main Street because of safety.
Connelly thinks "the appearance of the building structure, landscaping and lighting" are among features that will exceed expectations.
"It will transcend any other development in Northwest Indiana," he said of Shops on Main.