Warsaw Redevelopment Commission moved construction of a shell building in the city’s Technology Park a step closer to reality at its meeting Monday.
The board accepted a pair of appraisals on property on the northeast corner of Silveus Crossing and Polk Drive, north of U.S. 30, which will allow a price to be set for acquisition of the property. The first appraisal came in at $274,000 and the second at $267,000. Typically, an average of two or more appraisals is taken to determine a fair price for a property acquired by a municipality.
“In general, we refer to it as a shell building because the building is built, but the interior is not finished,” said City Planner Jeremy Skinner. “Unlike a spec building which might be 95 percent finished, the shell is basically unfinished including the floor, mechanicals, electric or plumbing.
“It allows any potential prospect the maximum amount of customization, while allowing the construction time to be cut drastically with the foundation, exterior walls, exterior site utilities and roof being completed.”
The first such building erected in the Technology Park is at 1445 Polk Drive and is occupied by Patrick Industries.
The only other items on the agenda were to approve a notice to proceed to Phend and Brown for construction on CR 300N and to approve the purchase of a property at 443 N. Detroit St., where a gas station/convenience store once operated next to Central Park. The latter was a formality; the paperwork was signed last week, but Skinner said some title companies want to see approval in the minutes of a board meeting.
The next Warsaw Redevelopment Commission meeting is scheduled for 4 p.m. April 1 at city hall, 102 S. Buffalo St.
