New City Development (NCD) has broken ground on Hobbs Station, a $300 million mixed-use project in the Indianapolis suburb of Plainfield.
The project is being built in partnership with Formation Properties. Shiel Sexton Cos. is the general contractor.
The first phase will include 300 apartments, 98 single-family homes, and 30,000-square-feet of retail and restaurant space.
The 125-acre master planned community will also consist of mid-sized logistics buildings with approximately 500,000-square feet of space.
NCD expects the initial phase to be completed at the end of 2024.
