Three major projects on the “wish list” for Purdue University could become realities now that the university has hired a master planner to supervise a public-private partnership for a planned $1.2 billion community-within-a-community – the Purdue Innovation District – on west campus.
The development process could take up to two decades. It will include a mix of residential housing, commercial, entertainment and industrial developments.
The master planner will first come up with a proposal for what kind of housing, retail and university and commercial uses will be incorporated. The firm then will be tasked with recruiting developers to build on land owned and leased by Purdue Research Foundation.
The master plan could be completed by late this year or early 2017.
Among the projects university officials have at the top of their list of possible early start times once the plan is approved are a privately developed 800-bed housing project for graduate students and upperclassmen, a hotel and convention center and an innovation hub that would bring the university’s innovation-to-commercialization program to the same facility and provide space available for lease by venture capital firms.