Public engagement process this summer to create plan for development that will include residential, office, retail, hospitality

Lafayette, In — Trinitas Ventures, a premier owner, investor, developer, builder and manager of high-quality commercial real estate, announced today that it is planning a new development on the east side of Bloomington, Indiana, on the site of shuttered 95,000-square-foot 3rd Street Kmart.

Trinitas Ventures will begin a public engagement process this summer for the 12-acre site with a planned phase one opening in 2021.

The mixed-use development will include residential, retail, office and hospitality. The land is owned by Latimer family, which donated nearby Latimer Woods to the city nearly 20 years ago. Trinitas and the Latimer family see an opportunity to revitalize the east side site.

“We have partnered with the Latimer family to look at how to redevelop this area,” says Travis Vencel, Executive Vice President of Development at Trinitas Ventures. “This project will begin the transformation of the east side from strip centers and single-use developments to well-designed mixed-use, pedestrian-friendly properties.”

“We look forward to engaging in a collaborative planning process with the community and local stakeholders this summer to develop a New Urbanist plan for the community,” says Aaron Bartels, Senior Vice President of Development at Trinitas Ventures.

Dale Conard, whose grandparents Clarence and Lizzie Latimer farmed the property for decades before leasing it for commercial development, adds that the family could not be more pleased with the Trinitas partnership. “Thank you to the Trinitas team,” says Conard. “I, along with the family, look forward to the emerging plans to improve this site.”

Trinitas has selected ELS Architecture and Urban Design as master planner for the project. The project team includes the Lakota group (placemaking), Hoffman Strategy Group (market analysis) and a5 Branding and Digital (engagement/communications).