City of Noblesville Hits Record of $1B in Committed Investment
The City of Noblesville has announced they have reached $1 billion in private committed capital investment in the city since the start of 2020.
“This is a major milestone that shows the commitment of this administration and our common council’s dedication to the future of Noblesville,” Mayor Chris Jensen said. “We had big plans coming into this administration and we didn’t let the pandemic slow us down. We had to make a choice in 2020 and we chose to bet on Noblesville and it is paying off.”
The administration set a clear strategy for advancing Noblesville that developers and businesses alike were drawn to, and led to the exciting milestone 30 months into office.
“We are the 10th largest city in the state and growing at a rapid pace,” said Jensen. “We knew we needed to accommodate the growing need for housing and businesses looking to construct new buildings or relocate, at the same time preserving and enhancing our historic downtown. This total investment has been strategic to keep up with market demand, while maintaining our authenticity.”
The top four investment projects include:
- Downtown Projects (Nexus, Village at Federal Hill, East Bank and Lofts on Tenth) – $145.6 million
- Hyde Park – $142 million
- Washington Business Park – $135 million
- River West – $118 million
In addition to new development, Curium Pharma, BlueSky Commerce, and Noble Industries, all companies that call Noblesville home, have chosen to expand their business operations since 2020. These companies and others within the City’s targeted industries have contributed over $78 million in private investment through business expansions.
Projects such as Washington Business Park gives businesses ready-to-use industrial and flex spaces to occupy – transforming 142 acres of undeveloped farmland into a campus with over 1,000,000 square feet of built-to-suit space, 630,000 square feet of which are already committed. This allows businesses to relocate or occupy immediately, cutting out build time. This project also expects to generate more than 500 new jobs.
The $1B in private capital investment does not include the extensive and annual investments being made in local infrastructure across the city or the extension of sanitary sewer lines to reach new locations.
“These major investments in our community make Noblesville even more attractive to individuals and companies looking to relocate and grow,” said Noblesville Community Development Director Sarah Reed. “Ultimately, it is about attracting the right jobs to Noblesville and having a response to the demand and importance of speed to market sites, facility options and housing options under our current environment.”
To learn more about ongoing projects in Noblesville, visit cityofnoblesville.org/projects.
Noblesville is the 10th largest city in Indiana, home to more than 69,600 residents, and the county seat in Hamilton County, Indiana. Just north of Indianapolis, the growing city is known for its nationally recognized public schools, extensive public park system, Hamilton Town Center, and the outdoor music venue Ruoff Music Center.