The City of Noblesville plans to annex 34 acres of land tied to a $72 million mixed-use development that will include commercial, retail and residential space.
The project, known as Midland Pointe, was unveiled earlier this year and is proposed in the southeast quadrant of Westfield and Hazel Dell roads. The project is being developed by Old Town Companies, who are also developing a separate mixed-use project in Noblesville known as The Village at Federal Hill located near Federal Hill Commons.
Noblesville Common Council members heard details at the July 26 council meeting regarding the annexation of land needed for the Midland Pointe mixed-use development project. The proposed development includes 40,000 square feet of commercial and retail space, in addition to residential space consisting of stacked apartments and townhouses.
Part of the property is zoned commercial, while the rest is zoned single-family residential, said Joyceann Yelton, development services manager for the city. However, rezoning is likely to occur for the scheme which will come to council at some point for approval, Yelton said.
She added that the developer is looking to change the zoning to R-5 (Medium to High Density Multifamily Residential District) and PB Commercial District (Planned Business).
“Your acreage that will be towards State Road 32 will be the commercial (area), with the remaining acreage of approximately 21 acres to the south being all R-5 residential,” Yelton said.
Mayor Chris Jensen, who said earlier this year that the proposed project is part of the city’s overall plan, expects construction to begin next year.
“Now is the time to launch capital projects at various gateways to add amenities throughout our city,” Jensen said in June. “Our goal is obviously to look at unique options for Noblesville.”
Members of the public will have the opportunity to provide comments in a public hearing regarding the annexation at a 7 p.m. council meeting on August 9 at Noblesville City Hall.