The city of Noblesville has annexed a major tract of land at State Road 32 and Promise Road in anticipation of a huge mixed use development next year. Corby Thompson, Fishers area developer and realtor, has plans pending for building a commercial, industrial and residential development on more than 300 acres on both sides of Promise Road, immediately north of 32.
Thompson does not yet have final approval of plans, according to the Planning Department, but the city council adopted an annexation ordinance on Nov. 13 which becomes effective on Dec. 13, apparently expecting approval of the extensive project. It will be one of the largest real estate developments approved in Noblesville to date.
With annexation, the new area will get public safety services, city utilities and street maintenance. In exchange, the development will provide several million dollars worth of taxable property. This will add not only to the city tax base, but the county and school system as well.
Further details on the project have not been released. The only announcement came in the form of a legal publication of annexation in the Hamilton County Reporter.