In fact, he is quite comfortable with the slower-than-anticipated pace the mixed-use project has taken.
That said, the 43-acre planned development called Hutsfield Square at Shively Farms, which was announced in August 2011, has been rezoned for proposed residential and commercial uses.
And the site, which is located between Cleveland and Brick roads, has been prepared for construction. The rerouted Mayflower Road winds its way in the middle of the vacant property.
The development is located about two miles northwest of Portage Road and north of the Indiana Toll Road. In other words, this project is situated in a part of the county where residents are eager for stores, restaurants and senior housing.
After speaking to a number of developers, operators and builders, Hutto thinks construction could get under way this calendar year.
"But with the economy being how it is, business people have already spent their minimum reserves on hand to run their business," he says. "There's not a lot of capital to jump into new things, and we don't want someone coming in who is overleveraged. Then that project fails and the development has a bad image."
Hutto Investments has held serious discussions with both senior housing and hotel operators. About 16 acres have been designated for senior housing, while a three-acre site south of Cleveland Road along the Toll Road has been set aside for a hotel.
"We've seen a high level of interest from the national hotel chains," Hutto says, "and from multiple senior housing builders and developers. But we're not at the contract phase yet."
There have also been talks with restaurants, and the project also could contain banks, office space and pharmacies or other stores.
The site plan for Hutsfield Square and contact information for Hutto Investments can be found at www.hutsfield.com.
"Obviously, we'd like to see the development kick off as soon as possible," Hutto says. "I'm still very optimistic and want to be very creative for folks who are interested in purchasing or leasing land from us."
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The Goshen Target store, 3938 Midway Road, is planning an interior remodel, according to a state construction report. The remodel is expected to include new grocery cases, coolers, freezers and equipment. ... Join our next live chat at 12:30 p.m. Tuesday.
Heidi Prescott's column runs in the South Bend Tribune on Fridays and Sundays. When she's not shopping, contact her at firstname.lastname@example.org or 574-235-6070. You can also talk retail at Facebook.com/thebasket and at Twitter.com/marketbasket.