Noble West
Carmel-based Cityscape Residential is planning a $78 million mixed-use project at the northeast corner of Hazel Dell Parkway and Edenshall Lane.
Jennifer Sewell, vice president of Cityscape Residential, told city councilors that the 42.5-acre project at Noble West on the city’s southwest side would consist of 284 apartment units, 150 for-sale town houses and 30,000 square feet of retail space.
The city previously approved up to 611 multifamily units at the site, and the developer is asking to eliminate more than half of the allowable apartments from the plan and add townhomes and retail space.
Cityscape plans to develop the multifamily component, while Lennar Homes of Indiana would build the town houses and Carmel-based NW Partners would develop the retail buildings.
The multifamily development would be built on the southeastern part of the site along Edenshall Drive. The project would have one-, two- and three-bedroom apartment units, a 9,000-square-foot clubhouse, swimming pool, dog park and pickleball courts.
The town houses would be built on the north side of the site. They would range in size from 2,000 square feet to 2,400 square feet, feature three bedrooms with attached garages and balconies, and start around $450,000.
The retail buildings developed by NW Partners would be built on three acres on the southwest side of the site along Hazel Dell Parkway and Edenshall Drive.
NW Partners is also working to expand the 75,000-square-foot Kroger supermarket at the Noble West shopping center into a 125,000-square-foot Kroger Marketplace store with a Kroger fuel station and 75,000 square feet of adjacent retail space.
Council members voted unanimously to approve a $6.7 million tax-increment financing bond to support Cityscape’s multifamily development.
Cityscape previously developed Nexus, a $52.8 million mixed-use apartment building that is now open at the former Marsh Supermarket location at State Road 32 and River Road. Nexus has 287 residential units and 36,000 square feet of commercial space.
“Cityscape has already made substantial investments in our downtown and most recently with the completion of the Nexus development in our downtown,” Noblesville Economic Development Director Andrew Murray told council members. “And so, obviously, we’re absolutely thrilled to partner with them on another project.”
