Easton Grey Is Reshaping Avon Into a Mixed-Use Town Center

What is being built at Avon’s new Town Center, and what does it mean for buyers and downsizers?

Easton Grey is a 500-acre mixed-use development in Avon, Indiana, built along White Lick Creek north of U.S. 36, directly across from Washington Township Park. At its core is a 65-acre Riverwalk District with housing, retail, restaurants, a civic center, and approximately 500 age-restricted units planned for residents 55 and older. It broke ground in July 2024 and is designed to become Avon’s central gathering hub, shifting the town’s identity from auto-oriented strip malls toward a walkable, mixed-use community.

Key Takeaways

• Easton Grey spans 500 acres in central Avon along White Lick Creek, with a 65-acre Riverwalk District serving as the project’s civic and commercial heart.
• The development plans approximately 500 age-restricted (55+) units and roughly 1,400 total homesites, directly expanding downsizing options in Hendricks County.
• Avon’s median sale price reached $365,000 in recent local market data (trailing 90 days, as of September 2026), with a median of 49 days on market and 189 active listings.
• The project carries an estimated $500 million in projected assessed value at buildout and received state READI matching funds, confirmed by the Indiana Economic Development Corporation in July 2024.
• Hendricks County’s inventory stood at just 1.8 months of supply as of January 2026, well below the expected 2.7–2.9 months, making new construction like Easton Grey especially relevant for downsizers who struggle to find suitable smaller homes in the resale market.

What exactly is Easton Grey, and what will it include?

Easton Grey is the largest master-planned development Avon has seen. The project is organized into five distinct neighborhoods plus the Riverwalk District core, and it’s designed to function as the town’s new center of gravity. According to Towne Post, the full buildout is projected to generate roughly $500 million in assessed value for the area.

The 65-acre Riverwalk District is where the most visible activity will be concentrated. Plans call for mixed commercial-residential buildings with retail and restaurants on the ground floor and residential flats above. The civic anchor is significant: the Indiana Economic Development Corporation confirmed in July 2024 that Avon Town Hall and other municipal and school administration offices are planned to relocate into the new civic complex, alongside a community plaza designed for outdoor events and gatherings.

That’s a meaningful shift. Historically, Avon’s commercial spine along U.S. 36 has been big-box retail and drive-through corridors. As IndyStar reported, Easton Grey represents a deliberate move toward walkable, mixed-use urbanism in a suburban setting. For buyers who want suburban space without sacrificing the feel of a real town center, that distinction matters.

Who is behind the project?

Republic Development is the private developer collaborating with the Town of Avon on the Riverwalk District and broader build-out. The project received state READI matching funds, giving it public-sector backing that signals long-term commitment rather than a speculative pitch. That kind of infrastructure investment is worth noting when you’re evaluating a neighborhood’s trajectory over the next decade.

What’s the current status as of September 2026?

Easton Grey broke ground in July 2024. The 2024 IndyStar coverage projected that parts of the Riverwalk District and the civic center would begin opening around August 2026. Those were projections from 2024 reporting, and I’d encourage anyone tracking the project closely to verify current construction status directly with the Town of Avon or Republic Development, since timelines on projects of this scale shift. What’s confirmed is that the groundwork, state backing, and approvals are in place.

What does Easton Grey mean for downsizers and the Avon real estate market?

This is the part I find genuinely compelling, especially for clients I work with who are thinking about right-sizing their living situation without leaving the Hendricks County area they’ve called home for decades.

The 55+ housing piece is real and substantial

The Towne Post feature on Easton Grey specifically notes approximately 500 units planned within an age-restricted (55+) section of the development. That’s not a token nod to older residents. It’s a meaningful inventory addition in a county where finding the right smaller home has been genuinely difficult.

Here’s the context that makes this relevant: as of January 2026, the Indiana Association of REALTORS® reported Hendricks County at just 1.8 months of supply, well below the expected 2.7–2.9 months. Tight inventory is the consistent story across the county, and it hits downsizers especially hard because the pool of low-maintenance, right-sized homes is the thinnest part of the resale market. New construction at this scale, with dedicated 55+ options, directly addresses that gap.

Beyond the age-restricted section, the Riverwalk District’s residential flats above retail offer something the Avon resale market has never really had: urban-style, lock-and-leave living within a suburban community. For someone leaving a four-bedroom home on a half-acre lot, that’s a genuinely different lifestyle option, not just a smaller version of what they already have.

What the current Avon market looks like

Recent local market data for Avon (trailing 90 days, as of September 2026) shows a median sale price of $365,000, a median of 49 days on market, and 189 active listings. Over the past 30 days, 100 new listings came to market, and roughly 210 homes closed in the trailing 90-day window. That’s a market with real activity, not a frozen one, but also not the frenzied pace of 2021 and 2022. Sellers of larger homes should expect reasonable interest with normalized timelines.

For context on how Avon compares to neighboring communities, here’s the current area picture:

These are area-level medians from aggregated public listing data. An individual home’s value depends on condition, street, build year, and timing. If you’re trying to figure out what your specific home is worth in today’s market, that’s a conversation worth having before you make any decisions about Easton Grey or anything else.

If you’re already tracking Avon’s established neighborhoods and want a ground-level look at what homes are selling for in specific subdivisions, the market reports for Avon Estates, Avon Trails, and Oaks of Avon give you subdivision-level detail.

How does a major development like this affect nearby home values?

The honest answer is that it’s too early to quantify. What I can tell you is that walkable amenities, civic investment, and new commercial activity in a community’s core have historically supported price stability in surrounding neighborhoods. The IEDC’s involvement and the projected $500 million in assessed value at buildout aren’t speculative numbers. They reflect a level of public and private commitment that matters for long-term market confidence.

What I tell clients who ask me this directly: a development of this scale takes years to fully deliver, and the market impact unfolds gradually. If you’re buying near Easton Grey today, you’re buying based on what the area is now, with reasonable confidence in the direction it’s heading. That’s a different calculation than buying into a neighborhood with no planned investment around it.

Your specific situation depends on your timeline, your equity position, and what you’re moving into. That’s where a market analysis built around your actual home and your actual goals makes the difference between a guess and a plan.

Ready to see what clients are saying about working through these decisions? You can read reviews on Google, Zillow, and Realtor.com.

Frequently Asked Questions

What is being built at Easton Grey, and where exactly is it located?

Easton Grey is a 500-acre mixed-use development in central Avon, situated north of U.S. 36 along White Lick Creek, directly across from Washington Township Park. The project includes five residential neighborhoods, a 65-acre Riverwalk District with retail and restaurants, a new civic center planned to house Avon Town Hall, and approximately 1,400 total homesites. According to Towne Post, it’s designed to function as Avon’s new central gathering hub.

Are there 55+ or downsizing-friendly housing options planned in Easton Grey?

Yes, and it’s a significant part of the plan. The development includes approximately 500 units within an age-restricted (55+) section, according to Towne Post’s coverage of the project. In addition, the Riverwalk District’s residential flats above retail offer low-maintenance, walkable living options that appeal to downsizers who want to stay in Hendricks County without maintaining a large single-family home.

When will the Riverwalk District and civic center start opening?

Based on 2024 reporting from IndyStar, the Riverwalk District and civic center were projected to begin opening around August 2026. Those were projections made at groundbreaking in July 2024, and large mixed-use projects of this scale routinely see phased or adjusted timelines. For the most current status, the Town of Avon or Republic Development are the best direct sources.

How walkable will Easton Grey be compared to the rest of Avon?

Easton Grey is specifically designed to shift Avon away from its auto-oriented commercial corridor toward walkable, mixed-use living. The Riverwalk District will place residential units directly above retail and restaurants, with a civic plaza and public gathering spaces built into the core. The site also runs along White Lick Creek, adding natural trail and recreational connectivity that existing strip-mall corridors along U.S. 36 simply don’t offer.

Is the Easton Grey project backed by the town and state?

Yes. The Indiana Economic Development Corporation confirmed in July 2024 that READI matching funds were allocated to support Easton Grey’s infrastructure. The Town of Avon is also a partner in the Riverwalk District portion of the project, with plans to relocate municipal offices to the new civic complex. That combination of private developer, town government, and state economic development backing reflects a level of institutional commitment that distinguishes this project from purely speculative development.

The bottom line on Avon’s new town center

Easton Grey is the most significant shift in Avon’s built environment in a generation, and the 55+ housing component alone makes it worth watching closely if you’re thinking about downsizing within Hendricks County. Whether you’re considering selling your current home to move into something new here, or you want to understand how this development affects what your existing property is worth, the numbers and the plan both deserve a closer look.

Request a free home valuation and let’s talk through what Avon’s market means for your specific situation.

Equal Housing Opportunity. René Hauck is a Broker with RE/MAX Advanced Realty, licensed in Indiana since 2014, regulated by the Indiana Real Estate Commission. This article is general information only and is not legal, tax, or financial advice. Confirm your own numbers with your title company, tax advisor, or lender.