Noblesville Real Estate and Beyond -More Growth Along I-69 Corridor

The tiny town of Ingalls Indiana, population 1500, could soon experience some major growth if plans for a new 140 acre development take shape.  The plans for the new development call for 1.5 million square feet of manufacturing, distribution, and office space to be added to the Madison County town.  Developers hope to break ground by the end of the year if all goes according to plan.  When the park is completed, 1,000 jobs could be added to the area and this could spark an explosion of growth in the area.  The park will be located at exit 14 off I-69 and is just 14 miles from I-465 and well within driving distance to Fishers, Noblesville, Carmel and Indianapolis. 

What remains to be seen is if this project will push the urban sprawl of Indianapolis out even further.  Several years ago, Noblesville seemed like the end of the earth for many; nowadays it is an easy drive.  Noblesville real estate has seen some amazing growth in the past few years and this has driven land costs up substantially.  Urban sprawl, with its insatiable appetite for affordable housing, is in a precarious position with gas topping $4 per gallon.  Are people willing to drive further in a quest for more affordable homes or will this new project simply make areas closer to Indianapolis such as Fishers, Noblesville, and Westfield that much more attractive?  My guess is a combination of both, but with gas prices so high people will be slower to migrate out further and further.
 

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