Indianapolis is currently experiencing an unprecedented building boom, reshaping neighborhoods, expanding suburbs, and launching billion-dollar developments across the metro area. Whether you’re considering moving here or simply want to stay informed about the city’s rapid transformation, it can be challenging to know where to start. This detailed guide explores some of the fastest growing places around Indianapolis where you can still get in early, often at more affordable prices, and highlights key developments that are changing the face of these communities.
I'm Jason Compton, a top real estate expert in Indianapolis, and every week, I help families and professionals find the perfect place for them—whether inside the city or in the surrounding suburbs. In this article, I’ll take you through some of the most exciting new projects and communities launching in 2025 and beyond, offering insights into their unique features, locations, and growth potential.
Table of Contents
- Why Indianapolis is Booming
- Development 1: Hobb Station – Plainfield’s Hidden Gem
- Development 2: Gatewood Lakes – Noblesville’s Largest Master Plan Community
- Development 3: McCord Square – Revitalizing McCordsville
- Development 4: Padgett Commons – Whitestown’s Emerging Cultural Hub
- Development 5: LEAP and Corporate Growth – Lebanon’s Economic Boom
- Indianapolis City Projects: Hotels, Hospitals, and More
- Conclusion: Navigating the Indianapolis Growth Boom
- FAQs About the NEW & Coming SOON Developments to Indianapolis in 2025
Why Indianapolis is Booming
Indianapolis is in the midst of a massive growth spurt. New neighborhoods are emerging, billion-dollar developments are underway, and suburbs around the city are expanding faster than ever before. This surge is driven by a combination of factors including economic growth, infrastructure investments, and the city’s attractive lifestyle offerings. The result is a dynamic real estate market with plenty of opportunities for both homebuyers and investors.
However, with so many options, it can be overwhelming to figure out where to buy or move. That’s why understanding the key developments and the fastest growing areas is crucial for making a smart decision in 2025.
Development 1: Hobb Station – Plainfield’s Hidden Gem
Let’s start our journey on the west side of Indianapolis in Plainfield, Indiana. Plainfield often flies under the radar, but it’s a fantastic location, especially if proximity to the airport and easy access to downtown Indianapolis are priorities.
Plainfield is conveniently located right next to Interstate 70, which features an extra-wide section known as “Super 70.” This makes commuting to downtown or other parts of the city incredibly straightforward. Plainfield is far from a small town either, with a growing population of about 38,000 people.
One of the most exciting projects here is Hobb Station, a massive mixed-use development poised to transform the area. This $300 million project sprawls across 125 acres and includes retail spaces, offices, restaurants, and a variety of housing options.
At Hobb Station, you’ll find everything from apartments to senior living, townhomes, and single-family homes. Multiple builders like Taylor Morrison and Pulte Homes are involved, offering diverse styles and price points. The community is designed to be walkable and connected, with a central park and gathering spaces that foster neighborhood interaction.
One of the standout features of Hobb Station is its location. The Shops at Perry Crossing are just a short five-minute drive—or even walkable or bikeable—from the development. This proximity to retail and dining options adds a level of convenience that many new communities lack.
Another major plus for Plainfield and Hobb Station is the extensive trail system. Many people outside of Plainfield don’t realize how well connected the town is by trails. The Vendalia Trail, which follows the path of an old train line, is being extended by two miles to connect directly to Hobb Station. This will link the development to nearly all of Plainfield’s trail network.
While the trails may not take you door-to-door everywhere, they cover 80 to 90% of the way safely by foot or bike. This means residents can enjoy outdoor activities and easy access to parks and amenities without relying solely on a car.
Plainfield also boasts an impressive park system, enhancing the quality of life for residents. Hobb Station is not an isolated development on the outskirts but is integrated into Plainfield’s broader community fabric, with trail connections to the historic downtown area.
This project has been in the works for several years, and in 2025, it is really starting to take shape. It’s exciting to watch how Hobb Station will evolve over the next couple of years, adding vibrancy and new living options to Plainfield.
Development 2: Gatewood Lakes – Noblesville’s Largest Master Plan Community
Next, we move northeast to Noblesville, where a seemingly quiet area of farmland is set to become the largest master plan community in the Indianapolis metro. This development, called Gatewood Lakes, will cover over 1,000 acres and bring a unique lake-focused lifestyle to the region.
Unlike many master plan communities that center around golf courses, Gatewood Lakes will emphasize water features, including more than 2.5 miles of shoreline. The community will feature islands where residents can live right on the water, as well as townhomes, single-family homes, and condos.
The developers also plan to include a marina—not for ski boats, but for paddleboarders and kayakers—along with retail spaces, restaurants, and gathering spots. This self-contained community will offer a resort-like feel with easy access to everyday essentials.
Gatewood Lakes will be a golf cart-friendly community, reminiscent of Florida lake neighborhoods. This adds a fun and convenient way for residents to get around within the development.
Despite the appeal, the project isn’t without controversy. Traffic concerns and the impact on farmland have raised discussions with the city of Noblesville. Infrastructure improvements will be necessary to support the influx of residents and visitors.
The location of Gatewood Lakes is highly strategic. It sits near major hubs like the Ruoff Mortgage Music Center (formerly Deer Creek), Hamilton Town Center shopping, and several hospital systems. Interstate 69 also runs nearby, providing easy access to surrounding areas.
When large concerts or events happen at Ruoff, crowds of 25,000 or more gather, highlighting the area’s regional draw. This proximity to entertainment, shopping, and healthcare, combined with the unique lake lifestyle, makes Gatewood Lakes a highly anticipated development for 2025 and beyond.
Development 3: McCord Square – Revitalizing McCordsville
Heading to the northeast side of Indianapolis, we find McCordsville, a town that has grown from a tiny community to one with over 10,000 residents. The growth here has been fueled largely by spillover from nearby Fishers, which has expanded significantly to the north and east.
Fishers is a bustling suburb with highly rated schools, but some families find it a bit too busy. McCordsville offers a quieter, more rural atmosphere while still benefiting from proximity to Fishers’ amenities.
The centerpiece of McCordsville’s growth is McCord Square, a 50-acre mixed-use project located right in the heart of town. The development will include apartments, retail, restaurants, and even an amphitheater for community events like farmers markets and festivals.
McCord Square aims to give McCordsville its own cultural heart and gathering place, something that has been missing as the town has expanded. The amphitheater and open spaces will host events unique to McCordsville, fostering a stronger sense of community identity.
Located at the intersection of State Road 67 and Mount Comfort Road, McCord Square is close to key roads like Olio Road, which connects to Fishers. This area is undergoing significant infrastructure upgrades to support the increased traffic and new development.
While McCordsville isn’t exactly “ground floor” anymore, it is still early in its growth curve. Moving here now means being close to exciting new projects and the expanding amenities that will shape the town’s future over the next decade.
Development 4: Padgett Commons – Whitestown’s Emerging Cultural Hub
On the northwest side of Indianapolis lies Whitestown, a rapidly growing town that has exploded from fewer than 500 residents before 2000 to over 13,000 today. Projections suggest the population could more than double to around 30,000 in the next ten years.
Whitestown’s growth has been fueled by its strategic location just off Interstate 65, which provides direct access to Indianapolis, Carmel, Zionsville, and beyond. Despite its growth, Whitestown is still developing a distinct cultural identity and community center.
Enter Padgett Commons, a 40-acre project planned near Whitestown Parkway. Currently a blank slate, Padgett Commons will bring apartments, senior living, retail, green spaces, trails, and an amphitheater to the town.
This development is crucial for giving Whitestown a centralized gathering place and personality beyond being a commuter town. The amphitheater will make Whitestown one of the few towns in the Indianapolis metro with a dedicated event space, joining the ranks of other cities with populations over 10,000.
Whitestown already has some character in its downtown area, with spots like Moontown Brewery offering a nostalgic feel that nods to its past. However, most of the town’s buildings are less than 10 to 20 years old, reflecting its rapid recent growth.
Padgett Commons is expected to be a game changer, providing residents with more reasons to live, work, and socialize locally rather than traveling elsewhere for entertainment and community events.
Development 5: LEAP and Corporate Growth – Lebanon’s Economic Boom
Further northwest, in Lebanon, Indiana, a massive transformation is underway that’s reshaping the area’s economy and residential landscape. Lebanon may seem far from the Indianapolis metro on the map, but recent developments are bringing it much closer.
The centerpiece of this transformation is the Limitless Exploration Advanced Pace (LEAP) Project, a sprawling 10,000-acre industrial and commercial development along the I-65 corridor. This project is attracting some of the largest companies in the world, including Eli Lilly and Meta.
Eli Lilly, a global pharmaceutical giant, is expanding its manufacturing facilities here, including a new plant producing insulin and other medicines. This expansion is a huge employment driver and a magnet for related businesses and talent.
LEAP is more than just a single company’s expansion; it’s a massive economic engine that will continue to pull people and investments into Lebanon. This growth is already driving a surge in residential construction, with numerous new neighborhoods planned for 2025 and 2026.
Lebanon itself is a charming town with a historic downtown square featuring a courthouse and a variety of shops and restaurants. The contrast between the old town center and the new developments creates a unique blend of small-town charm and modern growth.
As more people relocate to Lebanon to work at these new facilities or in construction and related industries, the town’s population and housing market are expanding rapidly. This growth will continue to ripple throughout the Indianapolis metro area.
Indianapolis City Projects: Hotels, Hospitals, and More
While much of the focus has been on the suburbs, Indianapolis city itself is also undergoing significant development. New hotels, a brand-new hospital, and a massive IU health project are all in the works downtown.
These developments aren’t just residential; they’re reshaping the city’s infrastructure and amenities, making Indianapolis an even more attractive place for residents and visitors alike.
The scale and investment involved in these projects speak to the confidence in Indianapolis’s future and its growing role as a regional economic and cultural hub.
Conclusion: Navigating the Indianapolis Growth Boom
Trying to figure out the best place to buy or move without expert guidance can feel overwhelming given the sheer volume of new developments and expanding suburbs around Indianapolis. From Plainfield’s Hobb Station to Noblesville’s Gatewood Lakes, McCordsville’s McCord Square, Whitestown’s Padgett Commons, and Lebanon’s LEAP project, there is no shortage of exciting opportunities.
Each community offers something unique—whether it’s a walkable mixed-use neighborhood, a lakeside master plan, a growing cultural hub, or a booming industrial corridor. Understanding these developments and their potential impact on your lifestyle and investment is critical to making a smart move.
If you're considering a move to Indianapolis or the surrounding areas, don't navigate this booming market alone. Download my FREE Relocation Guide for essential tips and insights. For personalized assistance—whether it's choosing the right area, negotiating with builders, or figuring out your next best step—I'm here to help. Reach out to me anytime at 317-932-8620 or visit my website www.livinginindianapolis.com. Let's make your transition to Indianapolis smooth and successful!
FAQs About the NEW & Coming SOON Developments to Indianapolis in 2025
Which areas around Indianapolis are growing the fastest in 2025?
Plainfield, Noblesville, McCordsville, Whitestown, and Lebanon are among the fastest growing areas around Indianapolis due to major new developments and expanding infrastructure.
What is Hobb Station and why is it significant?
Hobb Station is a $300 million mixed-use development in Plainfield offering retail, offices, restaurants, and diverse housing options. It is notable for its location, trail connectivity, and variety of living styles.
What makes Gatewood Lakes unique compared to other master plan communities?
Gatewood Lakes in Noblesville is lake-focused rather than golf-course-centered, featuring islands, a marina for paddle sports, and a golf cart-friendly design, offering a resort-like lifestyle close to city amenities.
How is McCordsville evolving with the McCord Square project?
McCord Square is a 50-acre mixed-use development aiming to create a cultural heart for McCordsville, including apartments, retail, restaurants, and an amphitheater for community events.
What is the LEAP project in Lebanon?
LEAP (Limitless Exploration Advanced Pace Project) is a massive 10,000-acre industrial development attracting major companies like Eli Lilly and Meta, driving significant economic and residential growth in Lebanon.
Are there any new city projects in Indianapolis itself?
Yes, downtown Indianapolis is seeing new hotels, a massive IU Health hospital project, and other developments that are enhancing the city’s infrastructure and amenities.
How can I get help with buying or moving in Indianapolis?
Working with a knowledgeable real estate expert familiar with these new developments can help you choose the best area, negotiate with builders, and make informed decisions about your move.
