North Carolina-based combination firm Martin Marietta is proposing to assemble 23 properties for empty nesters in Noblesville, however first, it needs to mine the soil.
The corporate, which operates Noblesville Stone and Noblesville Sand and Gravel, has proposed rezoning 60 acres of land east of Cherry Tree Highway (see map at proper) to a deliberate unit improvement district, with an underlying zoning district of R2 residential.
If authorised, the PUD would permit Martin Marietta to mine and extract on the location and later develop it right into a single-family-home neighborhood geared toward empty nesters. The land is west of the agency’s operations at 15100 River Highway.
The mission was launched to the Noblesville Metropolis Council earlier this month. Tim Ochs, an legal professional for Ice Miller representing Martin Marietta, advised councilors the land can be mined for not more than 15 years. That timeframe may very well be shorter, relying on demand.
Processing wouldn’t be performed on the location, and truck visitors wouldn’t use Cherry Tree Highway to entry the location, Ochs mentioned.
He mentioned the corporate, which already owns the land, sometimes buys actual property for the only objective of extracting mineral assets. Not too long ago, the corporate has began fascinated with how the land may very well be used after that course of is full.
For the land in Noblesville at 15160 and 15194 Cherry Tree Highway, the corporate sees a novel alternative to develop lakefront property, which is in excessive demand in Hamilton County, Ochs mentioned.
The 23 properties can be constructed round a 20-acre lake and would probably promote for $400,00zero or extra. About half of the land can be devoted to open house, and the mission would come with pathways and pickleball courts.
At present, Martin Marietta has not signed a builder for the location.
Councilor Chris Jensen, who represents the world, expressed issues through the assembly about approving what he known as speculative zoning and puzzled why Martin Marietta would not come to the council with its zoning request as soon as it’s able to construct.
Ochs mentioned that with the zoning in place, the corporate would alter the mining course of and the way it leaves the property to make sure it’s in the perfect form to be constructed on.
“This can be a distinctive alternative, as a result of after they mine a chunk of property, they will do issues to it, they will form it in a matter that isn’t attainable with an unusual mission,” he mentioned.
The proposal will transfer to the Noblesville Plan Fee for consideration and amendments earlier than returning to town council for a remaining vote. The fee subsequent meets on July 15.