Cole Noble, Indianapolis Homes for Sale
The Cole-Noble Commerical Arts District is located on the near east side between Washington and Miami Streets. The district is a mix of condominiums, apartments and small businesses, sprinkled with landmarks like Easley Winery, Harrison College, and The Nature Conservancy. The community is named for industrialist Joseph Cole and (Governor) Noah Noble. Half of the neighborhood lies within the boundaries of the original "Mile Square."
Latest Cole Noble, Indianapolis Homes for Sale
314 E Ohio Street, Indianapolis, IN 46204
Subdivision: Firehouse Square
Add to FavoritesLOVE where you live! This Firehouse Square townhome will have you plugged in to all that Downtown has to offer. Worries of maintenance are far away, it hardly gets a...
2 Beds 4 Bath Areas 2280 SqFt
$465,000
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History
Joseph Cole established the Cole Carriage Company in 1905 to produce horse-drawn carriages. In 1908, he built an experimental motor buggy that used many carriage components. Thus was born The Cole Motor Car Company. In 1919, sales of Cole luxury cars were surpassed only by Cadillac, but within two years, the company had encountered hard times. Confronted with a decision to either mass-produce cars or go out of business, Cole decided to close the factory. The last Cole rolled off the line in 1924 and Cole, himself, died a year later.
Noah Noble was the fifth Governor of Indiana, serving from 1831 to 1837. Noble had amassed over 800 acres of land in the area by the time he died in 1844, leaving his family land-rich, but cash poor. They also inhrerited a considerable amount of his debt. Several years of family infighting amd legal wrangling ensued over how to best settle the estate.
Finally, in 1850, the Indiana General Assembly passed the "Act for the relief of the estate of Noah Noble, deceased." This act allowed for the area around Easley Winery to be subdivided and sold with the proceeds settling the estate's debts, and anything left over going to the Governor's children. The Act also created an alley running between Ohio and Market Streets, adjacent to the Indianapolis and Peru Railroad tracks.
The area around Easley Winery (south of Lockerbie Square) was settled by German immigrants, and became known as "German Town." The homes along present day Miami Street were in a notorious red light district between Park Ave and East Street.
Today, the District is known for a mix of Georgian, Federal, and Art Deco architecture. From 1974 to 2001, Market Square Arena was located here. The Arena served as home to the Indiana Pacers basketball team for 25 years before being demolished in 2001. It's also known as the site of Elvis Presley's last concert in 1977.
Since 2003, a number of residential developments have been built in the neighborhood. The boon of townhouses, condos, and apartments helped revitalize the neighborhood. Popular communities include the Hudson, Clevelander, Packard, DeSoto, and Maxwell.
