A voluntary annexation proposal submitted to the Lebanon Plan Commission by Gradison Land Development was approved by the Lebanon Plan Commission Monday.
The annexation area is 60.5 acres of land located in the southeast corner of Witt Road and CR 250 N. The property is located behind the Lebanon Wal-Mart and surrounded by other single-family homes.
Lebanon Planning Director Ben Bontrager said Gradison is requesting the annexation for land the company wishes to acquire for a single-family housing development.
Bontrager said the development would be the largest the city has seen in around a decade.
“This is an exciting development for us,” Bontrager said. “It has probably been 10 years since our last large-scale housing development.”
Though the development plan is not yet drawn up, Bontrager said the developer is anticipating building up to 40 homes a year over the course of a few years. He said initial plans would call for construction to start on the initial homes in 2018, with the development rate accelerating in 2019.
He said the developer will also likely seek Planned Unit Development status to allow for more creative design for the project.
This project would be the first for the developer in Lebanon, but Gradison has a number of other single-family housing projects in Indianapolis and Fishers. The building arm of the company has built homes in the Pemberton custom home neighborhood in Zionsville, as well as custom-home neighborhoods in Marion and Hamilton counties.
Bontrager said the council will likely take up the annexation ordinance at their meeting next Monday and could give final approval by Sept. 11.
The commission also approved a development plan from XPO Logistics to redevelop the building at 135 S. Mt. Zion Rd., Lebanon, the former site of Pearson Education. The plan includes mostly exterior changes, including up-sizing the parking lot to accommodate 187 semi-trailer parking spaces, and making the lot more navigable for semis.