Indianapolis Continues on Road to Recovery
Indianapolis Continues on Road to Recovery
March 2005 - Heartland Real Estate Business
By: Jeremy Woods, Harry Kennerk, Bob Horn, Scott Pollom, Bill Flanary, Keith Stark
Saxony, Indiana's largest mixed-use development, is located in the region's most rapidly developing corridor. The 3,600-acre technology park is being developed in phases. The new urbanism portion of the park is being spearheaded as a 745-acre section developed by Toledo, Ohio-based Republic Development. The 745 acres will include residential, office, retail and industrial space. Republic has secured the 745 acres of land for Saxony, which is bisected by Interstate 69 at Exit 10 and located at the eastern boundary of the Noblesville Corporate Campus. Republic Development and Trademark of Fort Worth, Texas, are teaming up to develop the more than 1 million square feet of proposed retail. Saxony is split between Fishers to the south and Noblesville to the north. Both communities have focused on bringing planned development to their respective areas as they are likely to continue to be in the epicenter of the highest residential and commercial growth corridor in Indiana for some time. Residential and office space lead the development, and retail space is in the planning stages. The initial developments are scheduled to open in the spring of 2006.
