How much is too much? The Noblesville Common Council will tackle that issue at its July 15 meeting after three multifamily projects were introduced on June 24. Combined, the developments comprise 844 apartment units.
Planning Director Christy Langley said all three developments have agreed to covenants to not appeal assessed value and subsidized revenues. Each also will have market rate housing, which means that rental costs are based on current market prices. There are no income limits or special requirements, however residents do have to prove they have the income to pay rent and meet our general guidelines.
The three proposed developments include:
“The Crossing”
Size: 352 units on 25 acres
Location: East of 146th Street between Ind. 37 and North Pointe Boulevard
Project: The project is a total of 80 acres with 25 being a 13 building apartment complex and the other land designated for commercial use. Developers said they are in talks with county officials about the potential teardrop intersection improvement to 146th Street and Ind. 37. The development plans do not state any details for the commercial property, except for an
“automobile repair/body shop.” Under the signs exhibit, it can be determined that a Volkswagen dealership will be the main business on the lot. The city and developer declined to share more details at this time.
“Flats at 146th of Meredith Meadows”
Size: 368 units on 24.5 acres
Location: 15000 block of Union Chapel Road
Project: “Chapel Pointe Flats” was previously approved for 491 apartment units in 15 buildings. The updated plans reduce the number of units to 368 in 23 courtyard-style buildings. “It’s a much better project than what was originally approved,” Langley said. “Overall it’s a better product. We feel more confident about the layout and split pond.” The complex will consists of 138 one-room units, 194 two-room apartments and 36 three-bedroom units.
“Templeton Ridge”
Size: 124 units on 25 acres
Location: 14700 block of Gray Road
Project: Plans are for one-story buildings with two-bedroom floor plans and one or two car attached garages. The secluded complex is designed for ages 55 and older. “Much of the wooded area will be kept on the south side,” Langley said. Redwood Acquisitions is in the process of building The Hamptons apartments on Town and Country Boulevard in Noblesville and has two projects in Westfield. While the project would not be in Noblesville Township, Redwood will annex once the opportunity is available. Langley said the complex would be appropriate because of Westfield’s intensity of residential and commercial development on Gray Road.
