By DANIEL SUDDEATH
Daniel.Suddeath@newsandtribune.com
Tue, May 13 2008
—
A development near the Grant Line Road and Interstate 264 intersection could soon bring a hotel along with two retail centers to New Albany.
ARC Construction Management — a firm out of Jeffersonville — has been working on the project since mid-October according to owner Alan Muncy.
The construction team is putting the final touches on two retail centers and there are three lots available for either sale or lease. The lots are all about a half-an-acre in size and located along Hausfeldt Lane near Arby’s.
“We have already begun leasing,” Muncy said. “We anticipate sometime around the end of April having the site work wrapped up.”
Muncy said he could not comment on which restaurants and businesses are looking to locate to the development. He added a hotel group is considering a separate two-acre parcel, which is part of the same development,
ARC has built several restaurants including a Sonic Drive-In in Clarksville, a Taco Bell in Louisville and several Starbucks Coffee establishments, mainly in Kentucky. ARC also forged the Taco Bueno in Jeffersonville, which is set to open in April.
They also construct Steak-’N-Shake restaurants. Additionally, ARC constructed the Spring Street Professional Building in New Albany.
During a recent Sewer Board meeting, Environmental Management Corp. Program Manager Brian Dixon said Value Place, a hotel organization noted for their extended stay rates, had asked him about a letter of availability for sewer credits at the location.
Dixon said usually the engineer who is hired to design a site seeks out sewer credits, not the company looking to locate to the specified area. The board tabled the request until next month.
Shay Stegmeir, spokeswoman for Value Place, would not confirm a construction date for a hotel at the site but said the company had done its “due diligence” in investigating the development.
“There’s a large development going in at that site and Value Place would like to be a part of that,” she said.
A spokeswoman with Starbucks said recently the company had been looking at the development but could not release any details on whether they planned on buying one of the two buildings that are nearly completed at the site.
As with all construction, Muncy said the completion of the project depends on weather conditions. He said work was moving along on schedule until December when Southern Indiana started seeing rain and snow on a regular basis.
With Indiana University Southeast set to house students in four new residence halls beginning in the fall — coupled with state plans for an overpass on Grantline Road — Muncy said the development makes sense.
“I think there’s going to be a need for retail space in that area,” Muncy said.
Muncy — who lives along Grant Line Road — said he drove by the project area every day on his way to work wondering why no one had tried to develop it.
Muncy also owns the 4.5 acres of land next to Taco Bell, which he plans to develop in the future. Muncy said another entrance and exit would be added when plans are finalized. There is no time line for the project as designs are still going through zoning stages, according to Muncy.
SO YOU KNOW
• ARC Construction Management has built multiple Starbucks Coffee locations across Kentucky. They also constructed the soon-to-open Taco Buenos in Jeffersonville.
• ARC owner Alan Muncy said the two retail centers currently under construction on Hausfeldt Lane should be finished by the end of April.
• A spokeswoman for Value Place hotels said the company is interested in being a part of the development.
MORE INFORMATION
• Visit the Web site www.arccon.net
• Visit the Web site www.valueplace.com
Copyright © 1999-2008 cnhi, inc.