On behalf of Front Street Partners (the “Sponsor”), Capstone is pleased to present an LP equity investment opportunity to capitalize the development of Farmhouse at Westfield Station, a 324-unit multi-family development located just south of downtown Westfield and only three miles north of downtown Carmel, Indiana. Situated on 24.1 acres adjacent to US Hwy 31, the multi-family development site is the first phase of Westfield Station, a master Planned Unit Development (PUD), which will incorporate a ±112,000 SF office campus, a ±200,000 SF senior living facility, a ±128 key hotel, and up to ±30,000 SF of retail space.
Farmhouse at Westfield Station will be comprised of 13 residential 3-story garden-style buildings and a full-service clubhouse including a fitness center, coffee bar, community garden, and a car wash. The development will feature Class A interior finishes and market-leading amenities centered around a luxurious 25 meter resort-style saltwater pool for residents to enjoy. The unit mix will consist of one-, two-, and three-bedroom floor plans with unit sizes ranging from 662 SF to 1,423 SF.
The development directly benefits from the excellent demographics and fundamentals of the rapidly growing population in the Westfield/Carmel submarket and unmatched access to US Hwy 31, surrounding employment nodes, and local amenities.