Town of Boone Council/Planning Commission Public Hearing Agenda Packet March 2026
Boone Approves $15M Senior Housing Development with Wynnefield Forward LLC
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Description
The Town of Boone approved a $15 million conditional zoning map amendment with Wynnefield Forward, LLC for construction and long-term management of an affordable senior living community, with a 30-year use restriction for residents 55 and older. The project includes up to 60 rental units and must meet Energy Star criteria.
Contract Details
Contract Amount
$15,000,000
Vendor
WYNNEFIELD FORWARD LLC
Agency
Town of Boone, IN
Contract Type
CONSTRUCTION
Document Date
March 15, 2026
Contract Term
30 years (use restriction); maximum 60 units
Renewal Date
2056-04-22
Renewal Info
The developer committed to a 30-year use restriction for 55+ housing. Conditions include Energy Star construction and continuous compliance; any breach may trigger permit revocation. Not an automatically recurring contract, but approval requires adherence to conditions for ongoing validity.
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