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One of the area’s largest homebuilders has submitted plans to build two communities totaling 326 single-family houses on the west side of Noblesville.
Jim Shinaver, an attorney with Carmel-based law firm Nelson & Frankenberger, presented plans for the communities proposed by M/I Homes of Indiana called MontClaire and Bending Branch to members of the Noblesville City Council on Tuesday night.
M/I Homes is looking to build MontClaire, which would have 136 single-story ranch and two-story houses, on 91 acres north of State Road 32 and between Little Chicago Road and Mill Creek Road.
The community would be north of the Promenade at Noblesville development by Indianapolis-based The Justus Cos. that includes a Meijer Grocery, the Promenade Trails senior-living community, the future headquarters of The Justus Cos. and multiple retail businesses.
Plans call for houses at MontClaire to be priced from $600,000 to $800,000. Single-story ranch houses would range from 1,900 to 2,700 square feet, while two-story houses would be 2,200 to 3,800 square feet.
MontClaire would feature about 43 acres of open space and tree preservation areas.
Shinaver said houses at MontClaire would have four-sided architecture that would align with future residential developments in Noblesville at Morse Village, a $250 million development by Indianapolis-based LOR Corp. near Morse Reservoir, and Gatewood Lakes, a $2 billion development by Zionsville-based Henke Development Group LLC on 1,100 acres at the intersection of East 146th Street and Olio Road.
Bending Branch would feature 190 single-story ranch and two-story houses that would be built about two miles west of MontClaire on 99 acres of agricultural land north of East 191st Street and east of Moontown Road.
Houses at Bending Branch would range from the mid-$400,000s to $700,000. Single-story ranch houses would start at 1,900 square feet and two-story houses would begin at 2,200 square feet.
Bending Branch would also have about 40 acres of common space, an amenity area and a preserved woods on the north side of the development.
Noblesville City Council member Evan Elliott praised the architecture of both MontClaire and Bending Branch during discussion about the two developments.
“I love the front facades of both of these communities,” he said. “And just for anybody watching this meeting right now, that is what I want in every community. I just think it adds such a flare to our city and really gives a good presence.”
M/I Homes is asking the Noblesville City Council to rezone the sites at MontClaire and Bending Branch to planned unit developments.
Neighborhood meetings for both MontClaire and Bending Branch are scheduled to be held next month at Grace Church at 5504 E. 146th St. The meeting for MontClaire is scheduled to begin at 6:30 p.m. May 7, and the discussion about Bending Branch is set for 6:30 p.m. May 8.
M/I Homes was the fourth-busiest homebuilder in central Indiana in 2023, according to IBJ research, with 484 permit filings.
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HamCo Mayors keep talking about the need for starter houses, but the market keeps building houses at 500K or higher. Throw in 7% interest rates… I don’t know many first time buyers with 100K down + 3500-6000 a month for payment/taxes/insurance/HOA.
Ditto to my namesake above! Noblesville, and other areas have a real need for affordable 2/2, single story, senior villas at 1200 sf in the $200-$250,000 range.
Everybody says the same thing, but I don’t think any of these cities want to build out their available empty spaces with low property tax units. I think there is a huge demand for $150-250k homes for singles, newbies, and retirees, but no one has cracked the code how to do it yet. Maybe they need to build out in the boonies.