A joint venture of PCCP, Trinitas Ventures, and Peninsula Investments has announced the ground-up development of Avanza at Hyde Park, a 237-unit community in Noblesville, Indiana.

The project is currently under construction with completion anticipated in Fall 2027. Avanza at Hyde Park is Trinitas’ first build-to-rent development project under its AvanzaSM brand.

Upon completion, the villa and townhome community, situated on 25.5 acres, will consist of a mix of one-, two-, and three-bedroom villas and two- and three-bedroom townhomes. The property will feature fenced backyards, double vanities in primary bathrooms, nine-foot ceilings, in-unit washer and dryers, stainless steel appliances, and quartz countertops.

“PCCP believes this is an opportunity to align with experienced partners to deliver a thoughtfully designed, Class A BFR community in one of the Midwest’s most affluent submarkets,” said Andrew Barbakoff, a Senior Vice President with PCCP.