THE LEVINSON

PARTNERSHIP WITH THE CITY OF NOBLESVILLE | COMPLETED 2021

INVESTMENT

$27M+

CLASS-A APARTMENTS

 85

COMMERCIAL SF

5,000

PARKING GARAGE SPACES

337

Rebar partnered with the City of Noblesville to develop the first multifamily project in downtown Noblesville in over 100 years.  The City’s primary goals were to add much-needed parking and dense, high-quality housing options.  The Levinson accomplished both of those goals in addition to 5,000sf of new retail in downtown.

The public-private partnership deal structure included:

  • City-backed municipal bond to construct a shared parking garage

  • City-backed TIF Bond to cover the gap in mixed-use building project costs

  • The City contributed land to the project

  • The City waived municipal, impact, and development-related fees

  • The City reimbursed Rebar for costs to terminate, relocate, or provide utilities for the project.

“There is a demand for living options in and around the Downtown Square and urban density supports our local businesses, restaurants, and shops. Since this project started, it has attracted additional downtown development interest in our growing community.” 

-Mayor Chris Jensen, City of Noblesville

NEWS
OFFICIALS BREAK GROUND ON TRANSFORMATIVE DOWNTOWN NOBLESVILLE MIXED-USE DEVELOPMENT

City officials and Rebar Development broke ground Wednesday afternoon on a project that will strengthen the downtown and provide commercial space, modern apartment homes, and a parking garage in the heart of Noblesville.

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NOBLESVILLE DOWNTOWN PROJECT ADDS HISTORIC FLOURISHES, WOOS RESTAURANT AS TENANT

Developers of a large residential and commercial development south of the Noblesville Courthouse Square have submitted architectural tweaks they say will better reflect the historic character of the city.

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NOBLESVILLE AIMS TO START MODERNIZING DOWNTOWN WITH FIRST NEW APARTMENTS IN A CENTURY

Noblesville announced Friday the first step in a long-term plan to modernize its historic downtown and increase the number of residents and businesses around the courthouse square. A developer will introduce a plan for a $24.3 million, 83-unit apartment building with commercial space on the first floor at Maple and 8th streets.

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THE LEVINSON TO ADD RESIDENTIAL LIVING, COMMERCIAL SPACE, PARKING GARAGE TO DOWNTOWN NOBLESVILLE

Noblesville officials and Rebar Development will present The Levinson, a $24.3 million mixed-use project, to the Noblesville Common Council on Tuesday, August 28. The Levinson will be an architecturally significant building in the heart of downtown that will provide commercial space, modern apartment homes, and a parking garage in Downtown Noblesville.

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THE LEVINSON IN THE NEWS:

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Rebar Development is actively seeking new opportunities. Let’s work together!