By Sadie Reecer
The Noblesville Common Council welcomed a new healthcare development, Poets Walk of Noblesville, with open arms at their April 28 meeting.
The 37,000-square-foot project will serve the city as the first facility dedicated solely to memory care, with 60 rooms and 68 patient beds, located at 9600 E. 146th St.
“As Noblesville’s population grows, we need facilities like this to take care of our citizens countywide,” Economic Development Director Judi Johnson said. “We have a health care corridor at 146th Street and Cumberland Road … Prairie Lakes Health Campus, Hamilton Healthcare Campus, Community Surgery Center, some doctor offices on the west side of the surgery center and this memory care facility. It improves the industry we have established at that location in the city.”
Silver Companies, a family-owned business out of Boca Raton, Fla., will invest approximately $10.9 million to complete the project.
The city currently does not draw property taxes from the land, but the preliminary resolution passed on April 28 by the council set up the location of the facility as an economic revitalization area that will give the business a four-year tax phase-in, giving more than $220,000 of net property taxes to the city and saving the developer nearly $370,000.
In exchange, Silver Companies will create 55 jobs with an average wage of $37,400 plus benefits.
Final approval of the development after a public hearing, in the form of a confirmatory resolution, will take place at the next council meeting tonight at 7 p.m. at City Hall, 16 S. 10th St.
