A new mixed-use development is coming to Fishers, but this will not be located downtown.  Instead, the project will be located along 106th Street and Kincaid Drive.

The developer says there will be a $52 million investment in the plans, with Tax Increment Financing of $10.1 Million provided by the city.  The proposal will be considered by the Fishers City Council Monday night.

The project calls for 280 residential apartments and 18,600 square feet on the first floor for restaurant, commercial and retail operations.  4,800 square feet will be set aside for a restaurant,  generally located at the south-east corner of 106th Street and Kincaid Boulevard.

As part of the economic development deal with the city, developer Envoy will design and construct the streetscape and other infrastructure improvements.  Envoy has also committed to building a multi-use pedestrian trail around the entire perimeter of Delaware
Park (Kincaid Drive south to Sunlight Drive, east on Sunlight to Lantern Road, north on Lantern to 106th Street, 106th Street west to Kincaid). In addition, the developer will handle a forced right-turn road improvement from Kincaid onto Pearl Street.  Finally, Envoy will construct Pearl Street to city engineering standards.