Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
A pair of developers are planning a 603-acre real estate development on the east side of Noblesville that would include more than 1,900 residential units.
Carmel-based PulteGroup of Indiana Inc. and Indianapolis-based TWG Development LLC plan to develop the project, which would be developed across Boden Road from Finch Creek Park and about two miles north of Ruoff Music Center.
The development, which has been in the planning stages for five years, would be bounded to the north by East 166th Street, to the east by Olio Road, to the south by East 156th Street and to the west by Boden Road.
The Noblesville City Council heard plans for the development on Tuesday night.
Noblesville Economic Development Director Andrew Murray told the council that the developers plan to invest $475 million in the project, which is expected to have a $700 million market value when completed.
“PulteGroup presented us with a multi-generational development,” Mayor Chris Jensen said in written remarks. “This development also invests in expanding our quality-of- place emphasis, which will allow Noblesville to attract and retain quality talent to serve our business needs.”
The development plan for the project calls for 1,930 total residences, including 1,335 single-family houses. The development would feature:
- 690 age-restricted single-family Del Webb houses by PulteGroup on the eastern and southern end of the development. The homes will cater to buyers who are age 55 and over.
- 535 traditional single-family houses by PulteGroup on the western, northern and eastern ends of the site.
- 110 single-family specialty houses by PulteGroup on the southern end of the site.
- 295 market-rate apartments by TWG Development on the southwest corner of the property. A second phase would include up to 200 additional market-rate units and up to 100 for-sale units that could include townhouses, condos, flats, stacked flats or similar housing types.
- 10,000 square feet of commercial/retail space with a minimum of 5,000 square feet within the multifamily project.
- A 14,000-square-foot amenity center that would include an indoor pool. Other amenities would include sport courts, pocket parks, an internal trail system, yoga areas, 30 acres of lakes and other passive areas within the development.
PulteGroup Division President Scott Mairn told the city council that he expects groundbreaking to take place this winter, with major construction starting in the spring. The project in total would take about 10 years to build.
“I think it’s the neatest project I’ve ever been involved in,” Mairn said.
Chase Smith, TWG’s vice president of market rate development, said in written remarks that a project like the one in Noblesville “doesn’t come along very often.”
“We are excited to contribute to the growing community of Noblesville, build on the community’s success in attracting employers and other stakeholders to the area, and to bring more housing options to accommodate the City’s growing population,” Smith said.
The Noblesville City Council voted 8-1 to approve $10.8 million in tax increment financing to support the development. Councilor Brian Ayer, who expressed concerns about the TIF bond, was the only councilor to vote against the agreement.
“It’s a significant move forward on the east side,” Councilor Greg O’Connor said. “It brings infrastructure into the area. It will help facilitate what we want going forward.”
As part of the economic development agreement, PulteGroup committed to improving infrastructure around the project, including resurfacing and widening Boden Road, East 156th Street, East 166th Street and Olio Road.
The company would also pay the city’s $400,000 portion of the Federal Highway Matching Grant to build a roundabout at East 166th Street and Boden Road. Pedestrian paths would be built on the perimeter of the project.
The project proposal is expected to return to the Noblesville City Council on Aug. 29 when a zoning ordinance will be introduced. The Noblesville Plan Commission is scheduled to review the development at its meeting on Sept. 18, and it is expected to come back to the city council for possible approval in October.
Please enable JavaScript to view this content.
Good density. Would be better suited for an empty suburban office building parking lot, though.
Noblesville should focus on creating a trail & transit plan. These kinds of developments that make it impractical to leave a neighborhood without a car are what make traffic so terrible. If you make it easy to cycle around, you reduce car trips.
Further, a mixed-use component would be great to minimize car trips. A grocery store, a convenience store, and a restaurant or two would go a long way.
Agreed with Robert! But a lot other Indy projects it’s just an after thought. We rarely prioritize alternative transportation.
Hopefully this finally drives widening and/or improvements on Boden and Olio north to 38. Long overdue without this development.
It’s probably a good thing that TWG’s portion of this project is relatively minimal. The overall quality of their finished product is severely lacking. They tend to go with lower grade finishes ( ESPECIALLY windows) than their competitors in their market rate projects and their building don’t stand up well over time. They are also usually rushing to bring their projects to market in time which results in MANY major mistakes because of the shortcuts taken and lack of oversight (sewage backing up into the newly completed Wesmont resulting in the displacement of dozens of residents; a multitude of roof leaks at The Assembly that seem to be irreparable; popping anchors an discoloration of the exterior siding panels of both Pulliam Square and The Whit).
Who is the design team? Please start listing engineers, architects, etc. in these articles.
That information is not required for city council approval of the project. There will be more information available at/after the zoning meeting. Also, with only one TWG multi-family piece in this development there won’t be much to share. Pulte has their own in-house teams that handle the majority of development work for their neighborhoods and all of the residential units are put through engineering to maximise efficency since they only use a small number of floorplans.
These massive developments are horrible for the schools, traffic and only decrease the quality of life that has defined Hamilton County for decades. The mayors salivate for them due to the flood of local income taxes they generate…short sighted