Plans are in the works to develop the approximately 44-acre Balmoral House and estate off Allisonville Road into Balmoral Village, offering 66 single-family detached homes and 102 townhomes for purchase.
The Fishers City Council introduced an ordinance Nov. 18 to rezone the site, one of the first steps needed to move the development forward. Corby Thompson with Boomerang Development gave a presentation on behalf of Lennar Homes, the primary developer, including a brief history of the property.
The site is owned by Rick and Diane Eaton and has been in the family since the 1940s. In 1998, the Eatons developed the land into a private golf course. The two are retired now, Thompson said, and the property has become challenging for the family to maintain, which is why they decided to sell.
Thomson said Lennar Homes estimates the development will cost about $80 million.
Taylor Navarre from Lennar Homes said company officials are excited about the new development.
"There's a lot of good momentum here along the Allisonville corridor and we're here for a reason," he said. "We think that the market is ready for these types of homes and will do very well to serve the need the market demands."
The detached homes will be a mix of one- and two-story buildings, Navarre said, and the townhomes will be three stories. All will have rear-loading attached garages with alley access.
"The single-family detached (homes) will range from 2,000 to 3bathrooms andet, will feature three to five bedrooms and two-and-a-half to three-and-a-half bathrooms, and are anticipated to be offered in the range of $500,000 to $700,000," he said, adding that the town homes will range from 1,700 to just shy of 2,300 square feet and will cost between $400,000 and $500,000.
Council members asked the developers to consider footing the bill for neighboring properties to hook into city water and sewer if they're still on septic; and to provide a plan for preserving as many of the property's trees as possible.
City of Fishers Planning Director Ross Hilleary noted that a neighborhood meeting is set for 6:30 p.m. Dec. 11 at the Balmoral House. The Plan Commission will review the developer's proposals and hold a public hearing on Jan. 8, 2025. A final reading by the council is tentatively set for Jan. 21.
In other matters, the council held a public hearing Nov. 18 on the proposed annexation of unincorporated areas that are approximately between Cyntheanne Road and the county line from East 101st Street to East 113th.
The proposed annexation area includes about 950 parcels. About 75 percent of those are in developments that agreed during the development process that they would fall under a waiver so future owners couldn't legally object to annexation. Some of the property owners who don't have waivers spoke during the public hearing in opposition to annexation, expressing concern about higher taxes and additional development.
The council is expected to take a final vote on the annexation plan during its Dec. 16 meeting.
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