The new Braden Business Systems Building, to be constructed in the Fishers Municipal complex, will be a 12 month project and should be completed around June of 2017.  That’s the word from Brandon Dickinson, Fishers Economic Development Director, in comments before the Fishers Redevelopment Commission.

The commission unanimously approved the master lease with Braden at a Friday midday meeting.

Dickinson said the city, through the Redevelopment Commission, will be leasing the second floor of the Braden structure and possibly some residual space on the first floor. There has been “significant interest” expressed by companies wishing to locate in the available Braden space, according to Dickinson.

The city has been successful in the past in leasing space in the downtown area to technology corporations.

Dickinson told LarryInFishers the type of firms looking into locating at the Braden space are companies like CloudOne and Bluebridge Digital, basically high-tech operations.

The rent for the second-floor available space will be $22.75 per square foot annually, including full service.  Dickinson described the rent cost as “pretty good terms,” for both the potential tenancts and the city.

The completed building will consist of four stories and will be a $7 million investment.  It will be located near city hall, with the Switch Building on one side and the city court on the other side.  The space is currently a parking lot.