Midland Trace continues to attract development with two more projects in Noblesville
Both developments were introduced at a Noblesville City Council meeting on July 15.
Janus Developmental Service and Real America, a non-profit that builds low-income housing, are partnering on a development to build 60 units in one and two-story buildings, with 15 units available for people with intellectual and developmental disabilities and the rest for low-income residents.
The project would be east of Willowview Road and south of State Road 32 on property owned by Janus, a Hamilton County non-profit that provides job training and transportation for people with disabilities.
'With Janus being the owner of the land and being right next door and the need, what better location than this?' said Michael Surak, president of Real America, told councilors. 'Transportation is huge for this community.'
A dog park and a trailhead with bathrooms would be part of the development, as would Bee Free, a bakery that would provide job training for Janus clients in a new cafe. The Midland Trace runs parallel to State Road 32 between Westfield and Noblesville downtowns.
The complex would cost an estimated $18 million, assisted by an $11.5 million federal Low Income Housing Credit. Real America will apply for the credit in July and if it is approved, should receive it in the fall.
The plan next goes to the Plan Commission for approval of a zoning change.
Developer Flaherty & Collins introduced a proposal for a four-story, 222-unit apartment building with first-floor retail spots and parking garage between south 8th and 9th and Mulberry and Walnut streets south of downtown.
The $64 million development will also abut the Midland Trace, as well as Nickel Plate Trail, and include a trailhead with lockers.
The Granary will be at the former Noblesville Milling Company's granary site, built in 1872, and expanded in the early 1900s. The property had a grain elevator and 10 concrete silos.
The silos were torn down in 2015 but the mill was the inspiration for Noblesville High School's nickname, The Millers. The manager of the plant, C.B. Jenkins, donated basketball uniforms to the team in 1925 in exchange for naming the team the Millers.
The development will return to the City Council for a vote before it is formally approved.
Noblesville city planners and developers see the Midland Trace as a lucrative draw for homes and businesses, the same way Carmel has made development on Monon Trail an economic engine for the suburb.
Several developments along State Road 32, north of the trail, are in planning. Midland Pointe, on the east side of Hazel Dell Parkway, will be a commercial mall facing State Road 32 with a subdivision behind it fronting the trail.
Epcon Communities, of Ohio, is proposing 110 houses called The Courtyards of Hazel Dell on the east side of Hazel Dell Parkway next to the trail that would be for residents 55 and older.
And The Village at Trail Crossing, with 180 townhouse, will be south of State Road 32 and west of Hazel Dell Parkway.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 days ago
- Yahoo
3 Profitable Stocks We Keep Off Our Radar
Even if a company is profitable, it doesn't always mean it's a great investment. Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential. Profits are valuable, but they're not everything. At StockStory, we help you identify the companies that have real staying power. Keeping that in mind, here are three profitable companies to steer clear of and a few better alternatives. Restaurant Brands (QSR) Trailing 12-Month GAAP Operating Margin: 26.3% Formed through a strategic merger, Restaurant Brands International (NYSE:QSR) is a multinational corporation that owns three iconic fast-food chains: Burger King, Tim Hortons, and Popeyes. Why Does QSR Worry Us? Expenses have increased as a percentage of revenue over the last year as its operating margin fell by 3.6 percentage points 3.3 percentage point decline in its free cash flow margin over the last year reflects the company's increased investments to defend its market position 5× net-debt-to-EBITDA ratio shows it's overleveraged and increases the probability of shareholder dilution if things turn unexpectedly Restaurant Brands's stock price of $69.14 implies a valuation ratio of 18.3x forward P/E. Dive into our free research report to see why there are better opportunities than QSR. Janus (JBI) Trailing 12-Month GAAP Operating Margin: 12.7% Standing out with its digital keyless entry into self-storage room technology, Janus (NYSE:JBI) is a provider of easily accessible self-storage solutions. Why Are We Cautious About JBI? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Forecasted revenue decline of 4.9% for the upcoming 12 months implies demand will fall even further Sales were less profitable over the last two years as its earnings per share fell by 24.1% annually, worse than its revenue declines Janus is trading at $8.71 per share, or 6.5x forward EV-to-EBITDA. If you're considering JBI for your portfolio, see our FREE research report to learn more. Knowles (KN) Trailing 12-Month GAAP Operating Margin: 9.8% With roots dating back to 1946 and a focus on components that must perform flawlessly in critical situations, Knowles (NYSE:KN) designs and manufactures specialized electronic components like high-performance capacitors, microphones, and speakers for medical technology, defense, and industrial applications. Why Do We Avoid KN? Annual sales declines of 6.2% for the past four years show its products and services struggled to connect with the market during this cycle Forecasted revenue decline of 7.2% for the upcoming 12 months implies demand will fall even further Earnings per share have dipped by 1.4% annually over the past five years, which is concerning because stock prices follow EPS over the long term At $17.75 per share, Knowles trades at 16x forward P/E. Check out our free in-depth research report to learn more about why KN doesn't pass our bar. High-Quality Stocks for All Market Conditions Donald Trump's April 2024 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indianapolis Star
16-07-2025
- Indianapolis Star
Midland Trace continues to attract development with two more projects in Noblesville
Two new apartment complexes could be coming to the Midland Trace trail in Noblesville, an increasingly popular destination for developers. Both developments were introduced at a Noblesville City Council meeting on July 15. Janus Developmental Service and Real America, a non-profit that builds low-income housing, are partnering on a development to build 60 units in one and two-story buildings, with 15 units available for people with intellectual and developmental disabilities and the rest for low-income residents. The project would be east of Willowview Road and south of State Road 32 on property owned by Janus, a Hamilton County non-profit that provides job training and transportation for people with disabilities. 'With Janus being the owner of the land and being right next door and the need, what better location than this?' said Michael Surak, president of Real America, told councilors. 'Transportation is huge for this community.' A dog park and a trailhead with bathrooms would be part of the development, as would Bee Free, a bakery that would provide job training for Janus clients in a new cafe. The Midland Trace runs parallel to State Road 32 between Westfield and Noblesville downtowns. The complex would cost an estimated $18 million, assisted by an $11.5 million federal Low Income Housing Credit. Real America will apply for the credit in July and if it is approved, should receive it in the fall. The plan next goes to the Plan Commission for approval of a zoning change. Developer Flaherty & Collins introduced a proposal for a four-story, 222-unit apartment building with first-floor retail spots and parking garage between south 8th and 9th and Mulberry and Walnut streets south of downtown. The $64 million development will also abut the Midland Trace, as well as Nickel Plate Trail, and include a trailhead with lockers. The Granary will be at the former Noblesville Milling Company's granary site, built in 1872, and expanded in the early 1900s. The property had a grain elevator and 10 concrete silos. The silos were torn down in 2015 but the mill was the inspiration for Noblesville High School's nickname, The Millers. The manager of the plant, C.B. Jenkins, donated basketball uniforms to the team in 1925 in exchange for naming the team the Millers. The development will return to the City Council for a vote before it is formally approved. Noblesville city planners and developers see the Midland Trace as a lucrative draw for homes and businesses, the same way Carmel has made development on Monon Trail an economic engine for the suburb. Several developments along State Road 32, north of the trail, are in planning. Midland Pointe, on the east side of Hazel Dell Parkway, will be a commercial mall facing State Road 32 with a subdivision behind it fronting the trail. Epcon Communities, of Ohio, is proposing 110 houses called The Courtyards of Hazel Dell on the east side of Hazel Dell Parkway next to the trail that would be for residents 55 and older. And The Village at Trail Crossing, with 180 townhouse, will be south of State Road 32 and west of Hazel Dell Parkway.
Business Insider
21-06-2025
- Business Insider
Incyte announces FDA extends review period for Opzelura sNDA
The company states: 'Incyte (INCY) announced that the FDA has extended the review period for the supplemental New Drug Application, sNDA, for ruxolitinib cream, Opzelura, a topical Janus kinase inhibitor, for the treatment of children 2-11 years old with mild to moderate atopic dermatitis. The PDUFA action date has been extended by three months to September 19, 2025. The FDA extended the PDUFA action date to allow time to review additional chemistry, manufacturing and controls data on the 0.75% strength submitted by Incyte in response to a recent FDA information request.' Steven Stein, M.D., Chief Medical Officer, Incyte stated: 'We are confident in the potential of ruxolitinib cream to become an important non-steroidal, topical treatment option for pediatric patients with atopic dermatitis and we will continue to work closely with the FDA to ensure the Agency has all of the information needed to complete its review.' Confident Investing Starts Here:
