A group of Central Indiana homeowners is vowing to fight plans for a $55 million upscale apartment complex that, if approved, would be built in their backyard.
The project, developed by Maefield Development Corp., would consist of seven buildings, 611 apartment units and a pool. It would be built on an empty lot on Hazeldell just north of 146th Street in Noblesville.
That’s right across the street from Ryan Fite’s home and the enormity of the project has him and some of his neighbors concerned.
“You know it just seemed to happen so quickly,” he said.
One resident, who did not want to be identified, told Fox59 he was worried about the “impact of dumping” more children onto the nearby Noble Crossing Elementary School.
“What’s that going to do to classroom size? Ratio of kids to teachers?” he asked.
Fite said the biggest concern is how the new complex would change the quiet environment surrounding his home.
“I think the biggest impact in all of this is really going to be the traffic,” he said.
However, more traffic to nearby businesses is exactly why the Noblesville Planning Commission recommended the project get the zoning it needs to move forward.
“Our master plan supports it. The infrastructure is in place. There a traffic light right at that intersection,” said Andy Wert. “A $55 million investment is what’s being presented by the applicant, by the developer, 611 apartment units. I’m sure that would bring in some tax base.”
The developer claims the project would mean an estimated $1.1 million annual tax increment.
Fite isn’t giving up. The final approval is in the City Council’s hands and he plans to take his concerns to the elected council.
“We just want to make sure our concerns are heard and if it does go up, we’ve got some things that we really want to make sure are being considered,” he said.
The Council’s first public hearing on this proposal will happen on June 25.