An annexation for Franklin’s Kingsbridge development got the green light Monday.
The Franklin City Council finalized the annexation of more than 33 acres into the city, from Johnson County. Next, plans for the development will be presented to the Franklin Plan Commission at 6 p.m. Aug. 17.
The property, currently farmland, is located south of the Park Forest subdivision in Whiteland, and south and east of the Knollwood Farms subdivision in Franklin.
Indianapolis-based developer Platinum Properties Management Company, LLC is planning the mixed-use development to include up to 230 new homes, a market-rate apartment complex, two commercial spaces and a 28-acre public park.
The housing development, by Miami, Florida-based Lennar Corp., would be developed first if plans are approved, with the apartment complex and commercial developments to come when partners are found for those projects. It would include about 60 homes from Lennar’s Venture Collection, priced at $275,000 to $350,000, and 170 homes from the company’s Cornerstone Collection, priced at $350,000 to $450,000.
The two commercial buildings would be built on U.S. 31, with a road between the two leading to the apartment complex and subdivision behind it. The park would be on the westside of the property. The long-range plan for the park includes a parking lot, playground, dog park, pickleball courts, basketball courts and trails throughout, according to plans for the project.
