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Only 1 of 4 Doubletree Lakes parcels sells at auction

Only 1 of 4 Doubletree Lakes parcels sells at auction

  • Updated

WINFIELD | After living in Doubletree Lake Estates for 15 years, Randy Hall is now its owner.

Hall headed a group that purchased the partially developed portion of Doubletree. Altogether, four separate parcels were available at auction in December through Madison Hawk Partners in Chicago on the order of a bankruptcy court judge, but only the gated community portion sold.

Hall would not say how much his group bid for the property, and Madison Hawk did not respond to numerous calls for information. Doubletree Lake Estates features homes ranging from $280,000 to $2 million around a 60-acre lake with 24-hour guard service and amenities that include a walking trail, boating, fishing and swimming and plans for an onsite playground/social park.

Hall issued a statement saying he is "excited for the opportunity to work with the current residents, the homeowners association and area builders to make Doubletree the most elite yet affordable subdivision in Northwest Inaiana."

Doubletree Home Owners Association President Peter Andreau could not be reached for comment.

The property has 60 ready-to-build lots plus 100 acres still open for development. Hall said he will be meeting with the association later this month "to discuss mutual opportunities." His statement said he owns "multiple small businesses in Northwest Indiana, including construction, development, rentals and a 7,000-square-foot design showroom located in Merrillville, Luxe Design Center."

All the property obtained by Hall and his group is on the east side of Randolph Street. Three  parcels on the west side also were available, including one of about 5.6 acres with an 11,000-square-foot building originally constructed as a clubhouse for the development but subsequently used as an Italian restaurant and offices.

Another 56.68 acres on the west side was initially approved for 210 condominiums/adult activity units along with a 1.9-acre outlot intended for commercial use on Randolph. The final parcel has almost 114 acres of agricultural land originally planned as a golf course. It has been leased on a seasonal basis to a local farmer and has about 103 acres of tillable land.

Hall declined comment on whether he was interested in the parcels on the west side of Randolph and no other information was available as to what will be done with them now.


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