NOBLESVILLE — A plan to add residential living and commercial space to downtown Noblesville was approved Tuesday by the Noblesville Common Council, according to the city.
The $29 million plan for mixed-use development, west of the White River and near Federal Hill Commons, is a partnership between the city and Old Town Companies, according to a press release from the city.
“We are encouraged to have this project move forward at such a quick pace to provide a vibrant, livable, walkable connection between downtown and the west side of the White River,” Noblesville Mayor Chris Jensen said in the release. “This mixed-use project offers 163 living units and 36,000 square feet of commercial retail space. These new additions are key to driving economic development to our downtown area.”
The plan also includes more than 430 surface, on-street, and structured garage spaces, which are needed to help with access for the park and bring people into the city, according to the release.
A subcommittee will ensure the final architecture decisions are aligned with the city's vision for the area, according to the release.
“Our goal for the Village at Federal Hill and for all our neighborhood developments is to create a ‘sense of place’ for the people living in an Old Town community,” Justin Moffett, partner at Old Town, said in the release. “It’s an outstanding location with its proximity to downtown Noblesville, Riverview Health and the park. We are excited to be a part of the City’s plans to create new opportunities for its residents.”