Senior housing planned on SR 32 in Noblesville, project could spur $50M in development
A developer has gained approval for a senior living project next to the Promenade Apartments at State Road 32 and Little Chicago Road in Noblesville.
Promenade Trails will feature 151 apartments and 59 cottage rentals with sidewalks and trails for people 55 years and older. City officials said the project could spur $50 million in commercial and residential development over the next few years.
The Noblesville City Council recently approved $1.9 million to prepare streets and utility lines for the development on the northwest corner of Mill Creek Road and SR 32.
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“When you put in that type of infrastructure it gets a lot of interest from developers,’ said Bob DuBois, president of the Noblesville Chamber of Commerce. “I know there has been a lot of commercial interest and there is a pent up demand.”
The developer, the Justus Companies, of Indianapolis, also owns Promenade Apartments, which opened in 2020. The development is 15 apartment buildings with 300 one, two and three-bedroom apartments and garages.
Promenade Trails will be a 3-story main building with one and two-bedroom apartments, common areas and a central courtyard. The rest of the housing will be cottage style structures with two to five apartments, front porches and attached garages.
A trail will circle the 60-acre property and connect with the Promenade Apartments.
The project continues a surge of development on the city’s west side, which Mayor Chris Jensen said has been overlooked with recent construction focused on downtown.
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In October, the mayor announced that Meijer is planning a grocery on SR 32 in front of the Promenade Apartments near a CVS pharmacy and a St. Vincent micro hospital.
The company said the building will begin construction in 2023 and will be smaller than its superstore, 90,000-square-feet compared to 250,000.
On the south side of SR 32, a $72 million commercial and residential development, Midland Pointe, is being built. The project by Secure Holdings LLC and Old Town Companies, will have 40,000 square feet of space for retail and 249 townhouses and stacked flats.
But the city council recently turned away a plan for 120 townhouses on the southwest corner of SR 32 and Hazel Dell Road, saying it didn’t fit long-term plans development along the Midland Trace trail.
Development of the trail continues and it will connect to the Federal Hill Common and the Village at Federal Hill a mixed-use development of 220 apartments and retail outlets.
Call IndyStar reporter John Tuohy at 317-444-6418. Email at john.tuohy@indystar.com and follow on Twitter and Facebook.
This article originally appeared on Indianapolis Star: Noblesville Indiana senior housing development planned on SR 32
