Zionsville is already home to The Village, but the town could also be home to The Villages, a new subdivision Pulte Homes hopes to build.
David Compton, Pulte Homes of Indiana vice president of land acquisition, said the development would be on three of four corners at the intersection of Whitestown Road and County Road 875 E. The subdivision will have a total of 227 lots on nearly 137 acres.
“We’re still pretty preliminary on the features of the community,” he said. “It will feature both traditional two-story homes and empty-nester homes, which are targeted toward allowing people that have lived in Zionsville their whole life to stay in Zionsville.”
Compton said the project is a follow-up to Cobblestone Lakes, and if the project is approved, it would take from five to six years to build.
“If everything is successful, we hope to break ground next year,” he said.
Compton said the size of the development, which he considers a small to mid-size subdivision, represents the economic times.
“It’s a slow bounce-back,” he said. “Zionsville has done better than other municipalities due to the high quality of life and related high-quality school system.”
Wayne DeLong, Zionsville director of planning and economic development, said his office has seen more filings for housing developments with the rebound of the economy.
“Many communities weren’t seeing any filings for years because of the housing market downturn, and Zionsville was not immune to that,” he said. “In the last 18 months, the town has seen, reviewed and completed The Domain apartment development, Blackstone, and now we’re into the Pulte filing. Now that the outlook is improving, we are seeing a more robust activity.”
According to the Metropolitan Indianapolis Board of Realtors, the local housing market has show strong growth in September and the last quarter.