JLL Indianapolis announces it has been retained by Corporex Co., a Kentucky-based real estate development company, as the listing agent for the site of the former Five Seasons Sports and Country Club. The property, recently renamed The Crossing at 96th Street, is located in the prime north Meridian submarket at 1300 E. 96th Street. The opportunity is available for redevelopment.
The property is located on Carmel’s front doorstep on the Southside of Interstate 465 between N. Meridian Street and N. Westfield Boulevard with an average of 144,000 vehicles passing per day.
“It is a prime parcel with unparalleled visibility from Interstate 465,” says Thomas Deere, EVP for Corporex. “With the scarcity of land available in the Meridian and I-465 corridor, it is the premiere place to be in the suburban office market.”
Given the property’s former use and its visibility to I-465, it is a unique offering. Since obtaining a zoning change from the city of Carmel, redeveloping the 14.68-acre site now allows for up to 650,000 square feet of office space or 295,000 square feet of renovations to the existing buildings. The Planned Unit Development District (PUD) zoning encourages a more creative approach in land and building site planning which is necessary given the nature of the existing site. The property features two buildings with a variety of sports courts, indoor/outdoor pool, fitness center, spa and event space. The property is located in an ideal area of Indianapolis as one of the most sought after submarkets.