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Re: dukeb post# 77712

Thursday, 02/29/2024 11:04:30 PM

Thursday, February 29, 2024 11:04:30 PM

Post# of 82458
Rocky is real, the question is why associate with JP when he could keep it for himself and what does JP give him to share profits with SPZI?
it is this one
http://treasurer.howardcounty34.us/cgi.exe?CALL_PROGRAM=C009INFO&FINDINFO=00001013445&TAXYEAR=2023&ORIGIN=A
Here's an article about it. Pay to see put you can quicky copy and past to word before it hides the article.
https://www.kokomotribune.com/news/business/townhome-small-scale-apartment-developments-proposed-for-kokomo/article_b57c9b54-84c8-11ee-b06c-7f35c33457f3.html

1514 E. Morgan St.
A 22-acre property of farmland just south of what will be the home of the two EV battery plants and a handful of other complementary suppliers, may become a large-scale commercial and residential development.
Details of the proposed development are scant at the moment, but developer and new owner of the property, Rocky Singh, of Carmel, is seeking a rezoning of the property from R3 medium density residential to M2 general multifamily residential so he can build an unspecified number of market-rate townhomes.
Singh, during Tuesday’s Plan Commission meeting, cited the city of Kokomo’s recently commissioned housing study that showed the city is in need of more single-family and multi-family housing as his reasoning for buying and wanting to develop the property.
“We know there’s a lot of industrial development coming up on that side (of the city), and we heard there’s not enough housing so we want to make sure we can provide adequate, high quality housing for the residents of the city and state,” Singh said.

The exact number of townhomes Singh is looking to construct is unclear at the moment. Those details, and others, will be known at a later date it once again goes in front of the Plan Commission for development plan approval.
While Singh’s rezoning request focuses solely on residential development, he left open the possibility of developing commercial or recreational on the property some time in the future after developing the townhomes.
“It is a large parcel, and it can create a lot of space that may have complementary use,” he said. “We may need to add facilities so that people can not only live but have recreational use. At this point, we just want to make sure we are able to put multifamily units on it.”
The proposed development did receive some pushback from nearby residents who voiced their concerns with the increase in traffic on Morgan Street the new townhomes would bring to the area.