Parks at Crossroads would have five different housing product types in Noblesville. (Image courtesy city of Noblesville)
A local developer and two homebuilders have received approval for a plan to build more than 300 houses on the northeast side of Noblesville.
Members of the Noblesville City Council on Tuesday night voted 8-0 to approve a preliminary development plan and a rezoning request for Parks at Crossroads.
Fishers-based Boomerang Development LLC and the Indianapolis offices of David Weekley Homes and Lennar Homes of Indiana want to build 324 houses at Parks at Crossroads on 124 acres east of the intersection of State Road 32 and Promise Road and south of East 181st Street.
The plan for Parks at Crossroads calls for 198 single-family houses, 82 town houses and 44 duplexes.
Boomerang, which is led by owner Corby Thompson, originally introduced plans for Parks at Crossroads in May. At that time, the company was working with the Indianapolis office of D.R. Horton Inc. and wanted to build 354 houses. The developer reintroduced the project with a new site plan and homebuilders in late August.
If it is built according to its current design, Parks at Crossroads would have five home product types.
Large-lot single-family houses in the northeast quadrant of the site built by David Weekley would be priced at more than $550,000. Front-load single-family houses in the northeast and southeast quadrants by David Weekley and Lennar would be priced at $365,000, $385,000 and $530,000. Houses with alley access in the middle of the site built by Lennar would start at $390,000.
In the southwest area of the site, there would be two-family duplexes built by Lennar starting at $350,000 and town houses along State Road 32 starting at $300,000.
Parks at Crossroads would have a large, centralized amenity area with a community swimming pool, sport courts, a playground and green space. The neighborhood would feature covered seating areas, trails and two dog parks.
Jon Dobosiewicz, a land-use professional with Carmel-based law firm Nelson & Frankenberger, told members of the Noblesville City Council that the developer and homebuilders agreed to a 15% cap on rental properties. A resident would be required to live in a house for 12 months before being allowed to lease the residence to another person.
“It’s my understanding that the staff believe that this would deter an institutional investor who, in essence, couldn’t do it because they’re not residing in the residence for 12 months,” Dobosiewicz said.
Lennar Homes is the busiest homebuilder in the Indianapolis area, with 2,120 single-family building permits filed in 2023. David Weekley Homes is the eighth-busiest home builder in the area, with 170 single-family building permits filed two years ago.
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