Henke Development Group LLC plans to build 80 homes in a 321-acre development in Zionsville. Henke provided photos of the types of homes he plans to build. (Photo courtesy of Henke Development)
Westfield-based Henke Development Group LLC plans to begin construction later this year on a 321-acre private lake community located in a rural area on the north side of Zionsville.
The Zionsville Headland is said to include 80 homes costing between $1.5 million and $4 million, according to Brad Henke, who manages development and brokerage for Henke Development.
A 35-acre lake will be the focal point of the project, which will also include equestrian fields, stables, walking paths and open spaces.
“[The lake is] really neat,” Henke told IBJ. “It is extremely rare for the region. It’s even 40 feet deep with really uneven shorelines and lots of woods and topography.
On Monday evening, the Zionsville City Council unanimously approved the rezoning of the land from agriculture to planned use development of the headland.
Henke told IBJ that he does not yet have an estimate of the total cost of developing Promontory.
The development is located in an area bounded on the west by US 421, on the east by County Road 1000 East, and on the north by County Road 200 North.
Henke likened the project to Henke Development’s Holiday Farms, a 600-acre golf community west of Michigan Road between Willow Road and 146th Street in Zionsville. Led by Brad’s father, Steve Henke, the development company last year announced plans for a 79,000 square foot clubhouse at Holliday Farms.
Zionsville Headland single-family homes would be set back 150-200 feet from the lake on 2-3 acre lots. The only house currently on the property would be renovated into a community meeting space.
Henke said three families owned the land over the years.
“We are drawn to equipment as unique as [the lake]”, Henke said. “We like to try to make developments that appeal to people like that.”
A resident south of Zionsville Headland asked for a right to farm requirement so that future residents recognize agricultural uses in the surrounding area.
The Zionsville Headland is at least the second proposed high-end residential development on the North Side of Indy this year that would include an equestrian element.
Westfield-based H&H Stables LLC presented Westfield City Council last month with a plan for a 69-acre equestrian show facility and housing community near Little Eagle Creek.