We've done that at a number of elementary / junior high / high schools before. It worked OK, but it wasn't fast in the larger systems.
There are two valves and a tee arranged like one big mixing valve in the return line from the secondary loop, feeding the water either to the boiler or the chiller. When the heat goes off and the secondary loop's water is hot, the three-way valve modulates to maintain a maximum temperature being returned to the chiller. The chiller can go ahead and start when its return water is below the maximum. The rest of the return water is mixed with the chilled water supply and sent out to the loop. As the loop cools, the modulating mixing valves keep the chiller return temperature safe. When the mixing valve is finally completely open to from the loop to the chiller, you're done.
The mixing control loops need to be tuned well to avoid overshoot. Rupture disk blowouts aren't cheap.
Mint is right, it's an energy waster and we used to joke that it was an entropy machine, not a hydronic system. But the building owner demanded it. They didn't want to pay for those two other pipes.
It can be done, though. Turnaround times were fast in small systems of 40 to 60 tons. Larger ones could not be made to meet your 1/2 hour limit, though. One of the largest schools we worked took over 2 hours to fully change over on a moderate day. Your mileage will vary. The time to cool the loop with mixing will depend on the total amount of water in the system and the hot water temperature at the time that changeover starts.
One other hint from a similar job in which my company was not a player: if you have some buried, insulated chilled water pipe going to and from some outdoor units, be careful with electrical heat tracing inside the pipe insulation. Some specifiers don't know that "self-regulating" heat cable also needs a thermostat. Sure, the heat output goes down as it gets warmer, but it doesn't go to zero until it's very hot. What we all learned back then was that self-regulating heat trace inside very good pipe insulation and buried underground, can cook the water up to 150°F or better before it reaches equilibrium. My company came in for the clean-up. The original mechanical contractor had to buy some compressors.
Best to you,
Goober Dave
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