Custom single-family homes soon could rise in Fishers' Nickel Plate District.
Joe Nixon Properties LLC and Gradison Design-Build have secured property and are planning to construct eight single-family residential units along Morgan Drive between Lantern Road and the Nickel Plate Trail.
The redevelopment project, known as South Village, also would include three small-scale commercial office buildings along Lantern Road.
Mark Gradison, president of Gradison Design Build, said the office buildings—each about 2,000 to 3,000 square feet—could be designed as office on the first floor and residential on the second floor to allow someone to live and work in one place.
The homes, which could be single-family detached, condominiums or townhomes, would range in size from 1,500 square feet to 5,000 square feet and have modern features mixed with cottage or farmhouse designs. Garages would face an alley instead of the front of the property.
Prices are expected to range from $300,000 to $800,000. The neighborhood will be geared toward young professionals and empty nesters.
“If you like to walk, we’re marketing to you,” said Joe Nixon, owner of Joe Nixon Properties.
Nixon compared the project to the housing in Carmel’s Art & Design District, where custom home builders have slowly replaced aging homes with more upscale residential options featuring classic architecture.
“It was interesting to see people in Hamilton County had an appetite for that,” Nixon said. “I had the confidence seeing it work there.”
Nixon and Gradison also described their plan as a miniature version of downtown Indianapolis, where some residents live in high-end housing within walking distance of offices, entertainment, restaurants and government services. All of those amenities would be near South Village.
“Being able to help create that environment for Fishers is going to be really cool,” Gradison said.
Nixon said he started buying property in the area several years ago and waited to start the project until he had a group of properties together. The total land area is slightly more than one acre.
“It was a process over four to five years to get a critical mass,” Nixon said.
Nixon and Gradison consider the project the first of several phases. They hope to continue to redevelop other parts of the neighborhood as property becomes available.
Gradison said he expects the homes to sell within a year and to start construction on all eight properties in 2017.
Demolition of the existing houses, which were built in the 1960s, could start “any day now,” Gradison said.