Retail O Indiana

Flaherty & Collins to develop $120 million project in Valparaiso

Flaherty & Collins to develop $120 million project,ph01

Flaherty & Collins Properties has been selected by the City of Valparaiso, Indiana, to negotiate and develop a proposed $120 million mixed-use, transit-oriented project that will include more than 500 apartments and 12,000 square feet of retail and restaurant space at the site of the former Anco factory.

Journeyman Distillery, based out of Three Oaks, Michigan, will serve as the anchor tenant. As part of the construction, Journeyman would rehab a nearly 130,000-square-foot office building. The project also includes 25,000 square feet of commercial office space.

Journeyman plans to restore and repaint the water tower at the site, and this second location for the distillery would include a hotel, restaurant and banquet facilities.

Ed Duda, a Construction Project Executive with Flaherty & Collins Properties, will be a project partner and will oversee construction of the development. Duda, who recently completed the 28-story, mixed-use 360 Market Square project in downtown Indianapolis, is a 30-year resident of the Valparaiso area.

“It is exciting to work on a project in my home area, especially one this unique with the distillery aspect,” said Duda in a statement. “This is really going to be a fantastic project for the City and its residents, and we’re ready to go.”

The project is expected to break ground in late spring or early summer next year.