J.C. HART CO. PURCHASES ACREAGE IN MIXED-USE DEVELOPMENT

FISHERS, IND. — Carmel, Ind.-based J.C. Hart Co. has purchased 13 acres of the 725-acre Saxony mixed-use property, located at 131st St. in Fishers. The company is starting construction thus summer for The District at Saxony, a 269-unit apartment project that will be located near a 20-acre lake. Construction is scheduled to take approximately 2 years. The planned rent is set from $675 to $1,425 per month. Saxony is a $1 billion project that, upon full build-out, will contain 1,300 residences, 1 million square feet of retail, and 3.5 million square feet of office and industrial space in a pedestrian-friendly environment.