Work begins on $300M Hobbs Station
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Construction is underway on Hobbs Station, a $300 million mixed-used community in Plainfield. The developer, Indianapolis-based New City Development, says 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, which was announced in Feb. 2022, will also include two 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. The developer says it is in talks with vendors to occupy the shops and restaurants.
“Our intention with this project is to fuel the growing economy and diverse community on the Westside,” said Isaac Bamgbose, Founder and President of New City Development. “There is a huge opportunity for us to pay homage to Plainfield’s history, while continuing on the work to expand the town’s core and trail systems for all residents.”
Eventually, Hobbs Station will include up to 240 single-family homes, 650 multi-family residences, 90 senior housing residences, 70,000 square feet of commercial space, 500,000 square feet of logistics space and 200,000 square feet of office space.
NCD says the development will include an extension to the Vandalia Trail and a centralized public park.
The project is being built in partnership with real estate developer Formation Properties.