This past year was a major year for economic development in Noblesville, and momentum is only increasing for 2026. With continued development at Innovation Mile, Midland Pointe and the Embrace Downtown revitalization project, the Noblesville Economic Development Department is poised to bring exciting and sustainable growth to the city in the new year.
Innovation Mile is Noblesville’s business and technology district. Spanning nearly 600 acres along Interstate 69, it is designed to be a hub of innovation for manufacturing, commercial space, and research and development.
“In 2026, we will be focused on getting Caterpillar moved into Innovation Mile, as well as continuing to plan for more economic development and the groundbreaking development of the USA Gymnastics Olympic training facility,” says Mayor Chris Jensen.
Another major element of Innovation Mile is the Arena, a multipurpose venue that is home to the Noblesville Boom, an NBA G League affiliate of the Indiana Pacers. The arena is also designed to host concerts, tournaments, conventions and community events.
“With this being the first season of the Noblesville Boom, we’re going to continue to see higher numbers of tourism opportunities at Exit 210 at Innovation Mile and Hamilton Town Center, which will continue to grow in 2026,” Mayor Jensen says. “There is new development with Hyde Park that is currently under construction, and there’s continued development planned throughout 2026.
Hyde Park is a large mixed-use development designed to create housing, retail and entertainment near Innovation Mile along the State Road 37 corridor in Noblesville.
“On the far west side, we will continue to see ongoing development of Midland Pointe,” Mayor Jensen adds.
Midland Pointe is a 34-acre mixed-use development located near State Road 32 and Hazel Dell Parkway on the western corridor of Noblesville. Intended to be a vibrant, walkable destination, Midland Pointe blends commercial and residential development and features 40,000 square feet of retail and restaurant space, residential flats and townhomes, and greenspace initiatives including an event lawn, “The Grove” greenspace, a pond overlook and direct access to the Midland Trace Trail.
Another major economic development project planned for 2026 is Noblesville’s Embrace Downtown initiative, which focuses on restoring infrastructure surrounding the historic square and implementing beautification upgrades downtown. The project modernizes streets, updates walkways and improves public spaces while preserving the city’s small-town feel.
“Embrace Downtown is going to be a major revitalization project in 2026, as it is the first infrastructure project in downtown in more than 30 years,” Mayor Jensen says. “It will focus on infrastructure upgrades and pedestrian safety around the downtown square, which directly impacts the economic vibrancy of downtown.”
Also in 2026, the corporate headquarters of Bastian Solutions, a Toyota Advanced Logistics company, will be completed in Noblesville. The state-of-the-art facility will produce industry-leading supply chain automation technologies.
As economic growth continues, Noblesville is also addressing the need for expanded housing and infrastructure. New housing developments include the Courtyards at Hazel Dell near Midland Pointe; Gatewood Lakes, a lake-oriented community near 146th Street and Olio Road; and Morse Village, a large mixed-use project near Morse Reservoir.
Morse Village is a $250M, 175-acre mixed-use development near Morse Reservoir that will feature 30,000 square feet of commercial space for dining and retail, more than 650 new residences, and more than 30 acres of greenspace, including six miles of trails and sidewalks and a nature preserve.
Infrastructure improvements are essential to sustaining economic growth. In 2026, Noblesville is expected to continue investing in road widening, utility upgrades and transportation improvements to support new development. One of the most notable projects is the widening of Olio Road to four lanes from the roundabout at 146th Street through 156th Street, along with the addition of a new roundabout at 156th Street and Olio Road. The existing two-lane bridge just south of 156th Street will also be replaced with a four-lane bridge.
As Noblesville continues to evolve through community growth, mixed-use developments, new businesses, downtown revitalization and infrastructure improvements, the city is moving forward into 2026 with clear intent and promise. Under the leadership of Mayor Jensen and the Noblesville Economic Development Department, there is strong confidence in the city’s continued economic success and long-term sustainability.
