A Noblesville homebuilder has plans to construct a new headquarters and warehouse plus three speculative buildings on the city’s south side, creating a campus for small businesses and entrepreneurs.
Rockstone Investments LLC, the parent company of Noblesville-based Bedrock Builders, has plans to expand its operations in Noblesville and has requested tax incentives for the project from the city. It would build 31,000 square feet of office space between four buildings, plus a 17,000-square-foot warehouse.
Bedrock Builders would move from its current location at 14701 Cumberland Road to a new building at 15270 Endeavor Drive. It currently leases the space on Cumberland Road.
At the new site, it would construct four buildings on a 2.37-acre parcel of land. Two of the buildings, including Bedrock Builders’ new headquarters, would be 8,700 square feet. The other two would be 6,800 square feet.
Three of the buildings would be speculative builds without any signed tenants. Bedrock Builders’ president Stephen Ball told the Noblesville Common Council on Tuesday that there is a tenant interested in at least one of the speculative buildings.
The speculative buildings would be intended for small businesses and entrepreneurs looking to grow in Noblesville.
On a 6-acre parcel of land across the street, at 0 Endeavor Drive, Rockstone would build a 17,000-square-foot warehouse for Bedrock Builders.
Bedrock currently has 11 employees. As part of its new headquarters, Bedrock would hire two new employees earning an average wage of $85,000 with benefits.
Rockstone would spend $4.3 million building the campus and has requested a five-year real property tax abatement that would save it $330,000.
Ball told the Noblesville Common Council construction on Bedrock’s headquarters and warehouse would begin in 2019, with the speculative buildings following.
Building permits for the remaining buildings must be filed by June 30, 2020, according to the tax abatement paperwork. If permits are not filed, the common council will have to reconsider abating taxes on the buildings for which work has not started.