Artist rendering of proposed Four Day Ray Brewing in Fishers
The Fishers Nickel Plate District is gaining a new development. The City of Fishers announced that Four Day Ray Brewing will occupy 8,000 square foot in the building to be constructed along 11671 Lantern Road, North of 116th Street, near the Target Shopping Center. The remaining space in structure (16,000 feet total) will be dedicated to office space.
In a recent issue of the Indianapolis Business Journal, an article written by reporter Lindsey Erdody detailed the lack of some types of office space in Fishers. It would appear this development is in response to that issue.
According to the city news release, the economic development package being offered by Fishers includes a ten-year property tax abatement for real and personal property and waiver of impact and permitting fees. Also, the city will construct and make available for public use a surface parking lot adjacent to the development.
Below is the full text of the city’s news release on the planned development:
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The City of Fishers announced today the consideration of a redevelopment project at 11671 Lantern Road submitted by Nickel Plate Development, LLC. The proposal includes a two-story, 16,000 sq. ft. mixed-use building with 8,000 sq. ft. dedicated to commercial office space. Four Day Ray Brewing, a craft brewery and restaurant, will be the first-floor tenant and occupy the remaining 8,000 sq. ft.
“We are excited to present this project to council, as it meets a critical need for office space and offers further vibrancy in our downtown,” said Mayor Scott Fadness. “The 8,000 sq. ft. of office is ideal for the tech entrepreneur looking to relocate to the Nickel Plate District. We’ve experienced an increased demand for this size of office space, and expect this space to be leased quickly.”
Four Day Ray plans to be the first-floor tenant in the new urban storefront development, and has proposed a production brewery, taproom and restaurant. Four Day Ray intends to feature a menu of elevated international street food and American favorites, all prepared with farm to fork, fresh, local ingredients. It will serve Four Day Ray’s craft beer along with other select beers, craft cocktails and unique wines.
“Four Day Ray looks forward to positively contributing to the City’s success,” said Brian Graham, its founder and president. “By creating an attractive setting and welcoming atmosphere for people to relax and enjoy, we strive to be a destination where patrons can spend an afternoon or get a bite to eat and a beer while exploring all the Nickel Plate District has to offer.”
The remaining 8,000 sq. ft. is located on the second floor and adds to the already low inventory of open office space in Fishers. In addition, the project includes a parcel to the west of the site to be used for parking. If approved, construction would start this fall with a projected completion date of spring 2016.
“This project will positively contribute to the City’s future,” said Nickel Plate Development principal, Chris Welsh. “With Four Day Ray Brewing on the first floor and a creative office space on level two, this mixed-use development is the next step in the redevelopment of downtown and meets the City’s goals while adding to the vibrancy of the Nickel Plate District.”
The economic development agreement includes a ten-year property tax abatement for real and personal property and waiver of impact and permitting fees. In addition, the City will construct and make available for public use a surface parking lot adjacent to the development. The City Council and Fishers Redevelopment Commission will consider the proposal and final economic development agreement at future meetings in August.