WARSAW — The Kosciusko Economic Development Corporation (KEDCO) recently announced the issuance of a request for proposals (RFP) to develop a 112-acre site off State Road 13 near Lake Wawasee and the Town of Syracuse — formerly home to South Shore Golf Course.
KEDCO is supporting South Shore Ventures, LLC to offer portions of the site for single-family, multi-family, and mixed-use development.
“KEDCO was selected to lead implementation of a countywide housing strategy, and to come alongside our local communities to encourage development of additional workforce housing,” said KEDCO CEO Alan Tio.
“With support from our communities and visionary partners like South Shore Ventures, LLC, this is an important milestone toward the exciting potential of this development to bring more housing and amenities to the northern portion of our county.”
South Shore Ventures, LLC purchased the property in 2021 with a vision to create a master-planned South Shore Village community across the 112-acre property including housing (single-family, multi-family, and senior living), youth activities and sports, boutique-style retail shopping, office and business incubation facilities, and fun things to do.
KEDCO and South Shore Ventures, LLC are seeking proposals from qualified developers for the design, engineering, and construction of the single-family, mixed-use, and multi-family sections of South Shore Village or to develop any or all of the sections of the development.
Proposals may include outright purchase and development or providing South Shore Ventures, LLC the opportunity to partner in the development.
“The vision for South Shore Village is a place where residents can live, work, and play and we are excited to be working with KEDCO and Kosciusko County to create something great for our community”, said Jeff Dyson, Partner of South Shore Ventures.
This project continues ongoing efforts to encoure the development of market-rate workforce housing in the community.
A housing needs study and strategy commissioned by the City of Warsaw, Kosciusko County, and the Kosciusko County Community Foundation (KCCF), in partnership with the Housing Resource Hub, showed market potential for more than 2,000 new residential units throughout the county by 2024.
And data from the study highlighted a specific need for housing that reduces commuting from outside the county, with a goal of growing the local workforce.
For purposes of this development, workforce housing is defined as 60%-100% of Area Median Income (AMI) for rental units and 60%-120% of AMI for buyers.
The 2023 AMI for Kosciusko County is defined by the Federal Housing Finance Authority as being $80,100.
To view the RFP and related site documents visit: https://bit.ly/kedcoRFP. Interested parties should submit their “Intent to Respond” to KEDCO Project Director Terry Sweeney at [email protected] by July 8, 2023.
A pre-submittal conference will be held in-person and via Zoom at 3 p.m. Tuesday, July 11, 2023, at Boondocks Restaurant, 10601 N. State Road 13, Syracuse.
Stay connected with KEDCO via Facebook, Linkedin and Instagram @kosciuskoedc or by visiting www.kosciuskoedc.com.