Since 2014, developers have invested nearly $90 million between three projects on the north side of 116th Street in Fishers. Now, the south side—mostly lined with small, one-story retail buildings and parking lots—could see a similar boom.
Fishers-based Boomerang Development LLC got the go-ahead Tuesday to proceed with its plans for Noble East of Noblesville, a $150 million master-planned community near Klipsch Music Center.
Slow but steady growth in central Indiana’s new-home market has chipped away at the supply of available lots, leaving developers and builders scrambling to keep up with demand.
A local developer is moving forward with plans to build a 144-lot subdivision in Noblesville—the first such project city officials have OK’d since approving another proposal for the same property in 2007.
