Spec Building Underway in Noble County
(stock image courtesy: Pexels.com)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowConstruction is set to begin on the first new industrial shell building in Noble County in more than a decade. Economic development officials say the 75,000-square foot project is the first of its kind in the county as it is being developed as a public-private partnership.
The Noble County Economic Development Corp. says while there is no tenant at this point, it will not stay that way for long.
“We have a great building going up. Once the steel is up, it will be the nicest building in northeast Indiana and will put many opportunities on the table for Kendallville and Noble County,” said Gary Gatman, executive director of the Noble County EDC.
Gatman says the EDC was approached in January by developer Simon Dragan to explore the possibility of a partnership to build a shell building on Kendallville’s west side.
The project received a 10-year tax abatement.
“This is an unusual project, one that required thinking outside the box,” said Kendallville Mayor SuzAnne Handshoe. “For all of us to work together is so important so we can make this project work. I know this building will be occupied quickly. I truly believe that.”
Phase 1 of the project is expected to be complete in January. Gatman says Phase II would allow expansion of the building up to 100,000 square feet.