The Jefferson is slated to occupy the northeast corner of State Road 135 and County Road 144. (Rendering courtesy of the town of Bargersville)
An Indianapolis-based firm plans to develop a $59 million residential and retail project on property that formerly housed the Bargersville Flea Market.
The project proposed by Barrett & Stokely, called The Jefferson, is expected add 255 high-end apartments and 11,000 square feet of retail to the growing burg. The project would occupy a 6.4-acre parcel near the northeast corner of State Road 135 and County Road 144, and it would be the first part of a new district that Bargersville officials hope will revitalize one of the town’s most heavily trafficked intersections.
The town issued a request for proposals for the property in 2022, three years after the flea market permanently closed. The property subsequently was purchased by the Bargersville Redevelopment Commission.
Development of the property is “an important step in our downtown redevelopment, and we’ve worked very deliberately with Barrett & Stokely to get this project right,” Mike Patarino, chairman of the Bargersville RDC, said in news release. “We’re so glad they stuck with us. The Jefferson will be a tremendous asset and bring a different type of top-of-the-line housing and opportunities for residents and businesses in our community.”
The developer plans to pay $1.7 million for the property, a more than $1 million increase from the commission’s $567,000 payment three years ago. Barrett & Stokely also will be given first opportunity for future development of the 3-acre site on the northwest corner of the intersection, also owned by the town.
Town officials said they want the intersection—located a half-mile from Bargersville’s downtown area—to serve as the entrance for a larger mixed-use district offering restaurants, retail and residential components for the town’s growing population.
Located 18 miles south of downtown Indianapolis, Bargersville has seen its population more than triple from about 4,000 residents in 2010 to an estimated 13,000 today. It could reach 25,000 residents by 2035, according to town officials.
Barrett & Stokely, which is developing the project through holding company Old Bargersville Capital Partners LLC, could receive up to $9.3 million in tax-increment financing revenue bonds from Bargersville, pending approval by town council during a vote this week. It also has been recommended for receiving $4 million through the state’s Regional Economic Acceleration and Development Initiative, commonly called READI.
The project will also add a trail to State Road 135, and South Street will be widened to accommodate more vehicular traffic. The town also plans to convert the State Road 135 and County Road 144 intersection to a roundabout in 2028.
“As the first project in a new mixed-use district, it was important to take our time with the town to ensure we had the right fit for the community,” said Andy Sahm, vice president of development for Barrett & Stokely. “Setting the bar high for quality and creating a strong sense of place was important in the planning of the Jefferson. We believe we have a truly unique development that is authentic to the town of Bargersville.”
The firm plans to begin construction on the development in the second quarter of 2026, pending approval of its plans by the town.
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