Office Building Proposed on North West Section Of The Ellipse Downtown

The City of Fishers has been reviewing possible uses for vacant areas on the north end of the municipal ellipse, behind the Amphitheater, and the City Council will vote Monday night on a proposal from AMP Northwest LLC.  The plan calls for a 20,000 square foot office building, to be constructed on about 3-tenths of an acre on the northwest end of the ellipse.  The city says this proposal is the “most advantageous to the city for acquiring and developing the western side of the ellipse.”

As part of the deal, with city will construct a parking lot with 97 spaces, to be used by those working in the new office building during business hours.  The city also is  committing to providing up to 30 parallel parking spaces in the adjacent right of way.

Also part of the package is a 5-year sliding scale abatement in the following amounts:

Year 1: 100%;

Year 2: 80%;

Year 3: 60%;

Year 4: 40%;

Year 5: 20%

The city estimates that the value of the parking, waived impact fees and tax abatement for this project at  $570,000.

In other items up for city council consideration Monday night:

–Council members will consider a tax abatement schedule for Thyssenkrupp North America.  It was announced in December that the firm would be have a work force of 84, with 64 more expected by year 2020, in space once occupied by Comcast.

–Council is set to vote on a drive-through window proposed by Copper Moon Coffee, which will be located in The Yard development.