By Sadie Hunter
At its April 11 meeting, the Noblesville Common Council voted in favor of resolutions that will help expand two Noblesville businesses.
The action has designated two economic revitalization areas for Noblesville Assisted Living Group and Universal Blower Pac, Inc. Both projects were preliminarily approved at the meeting, but the council will vote on a final, confirmatory resolution at its April 25 meeting.
Noblesville Assisted Living Group
Noblesville Assisted Living Group, 9600 E. 146th St., will build a new, four-story senior housing facility on 3.67 acres in Noblesville Business Park. The 105,145-square-foot building will consist of 124 living units – 100 for assisted living and 24 memory care and dementia. The facility also will include a commercial kitchen, activity space, dining room and more.
The total estimated capital investment for the project is $23 million for land and building construction, staff, fees and reserves. The real property new construction cost is approximately $14 million. Over four years, the company will save $1,012,320 in real property tax. Beginning in the fifth year and thereafter, the city says it estimates the tax payment to be $389,354.
Approximately 56 new, full-time employees will be hired with an overall payroll of $2.15 million. Construction will begin this summer and be completed by the summer of 2018.
Universal Blower Pac, Inc.
Universal Blower Pac, Inc., 440 Park 32 W. Dr., has purchased two acres to the west of its current footprint and plans to build 8,925 square feet of warehousing and distribution space. The property to be added will consist of manufacturing equipment, including machines, welding equipment, a testing stand, overhead crane and associated equipment.
Total new capital investment in real estate and personal property is $1,140,325 to expand its headquarters, manufacturing, fabrication and assembly facility. The company will save approximately $71,001 over five years in real property tax and $5,472 over two years in personal property tax. Beginning in the sixth year and thereafter, the city estimates the tax payment to be $23,667.
Universal Blower Pac, Inc. says it anticipates hiring 16 new employees and will retain its 31 employees with an average salary of $75,000. The company was founded by Ray Fiechter in 1979 and opened its current corporate headquarters in Noblesville in 1984. The company provides innovation for manufactured blower systems and engineered solutions nationally and globally. The project is expected to begin in May.