Council approves bonds for Lofts on Tenth Street, hears duplex introduction


At its June 9 meeting, the Noblesville Common Council unanimously approved an ordinance authorizing the city to issue its taxable economic development revenue bonds for Lofts on Tenth Street. 

The Lofts on Tenth is a $7.7 million project that will add 31,700 square feet of mixed-use development on 10th Street between Clinton and Wayne streets.

Andrew Murray from the city’s economic development department briefly presented the project.

“This ordinance is up for second reading, and it’s an item that’s necessary to move forward with the bond financing incentive for the Lofts on Tenth redevelopment project,” Murray said. “Since the last meeting, we have received zero comment to this request.”

The city’s bonds will not exceed $3.3 million. The ordinance was approved unanimously with three council members abstaining.

A large portion of the council meeting was dominated by proposal from Trilogy Health Services asking for a change of zoning for 8.1 acres southeast of 146th Street and Ind. 37.

Senior planner David Hirschle presented on the item. The site was part of the original Prairie Lakes Planned Development approved in 1997 and was last subject to public hearing in 2008. Since then, 11.46 acres of the site were planned to be developed as an assisted living facility, an Alzheimer’s care facility and an independent living facility.

“The first two uses have been built, and the only remaining acreage is the undeveloped portion approved for the independent living facility of up to 100 units,” Hirschle said. “The current proposal is the elimination of the mentioned independent living facility to be replaced with 16, 1- and 2-bedroom duplex units of 32 units total for age-restricted, senior housing.”

Hirschle said the proposal would align well with the surrounding uses, and a change of zoning is needed because current zoning doesn’t allow for duplex construction.

“The comprehensive plan sees this area as innovation or flex/mixed use,” Hirschle said. “This does not describe what’s being proposed this evening, but that innovative flex/mixed use also envisions and supports campus environment, and this is certainly a campus environment. The duplexes enable a continuum of care for those persons that might eventually need facilities to the east.”

Although the plan commission gave a positive recommendation for the project, there was some discussion around the amount of parking available on the property, and that discussion resurfaced at the council meeting.

The plan allows for two parking spaces per unit, and some members of the plan commission and council were hoping for more due to a recent issue at the Flats at 146, in which residents were utilizing garages as storage and then parking in fire lanes.

However, this project plans to keep the original proposal as half of the residents do not drive, and up to six cars can fit in the driveways.

“There is 42 feet from the garage doors to the edge of the sidewalk closest to the buildings, and it allows for two cars to park behind the garage, so each unit has three parking spaces, one in the garage and two outside of the garage,” Hirschle said.

Several council members also suggested sprinkling parking spaces for visitors throughout the development. No vote was taken since this was only an introduction.

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