The Ellipse is the circular street that provides access to places such as City Hall, Police and Fire Headquarters, the Post Office, the library and many commercial developments. There is another commercial development coming to that complex and it is very simply named the “Nickel Plate District Ellipse.”
The City of Fishers published an RFP (request for proposals) on how to develop part of the Municipal Drive Ellipse area. BW Development’s plan was selected by the city, and will feature up to a 45,000-square feet of office building space, with plans to break ground in the fall of 2018.
The building will be located on vacant city-owned property on the east side of the northern ellipse of Municipal Drive. The 1.76 acre parcel will include build-to-suit office space for companies looking to expand or move to Fishers. The adjacent parking lot will add to the inventory of free spaces after 6:00 p.m., Monday through Friday and all weekend hours.
“What started as an investment in creating downtown vibrancy through the Nickel Plate District Amphitheater several years ago, is quickly growing into a destination for business, bringing investment and jobs to our city,” said Fishers Mayor Scott Fadness in a city news release. “The addition of this building completes the vision for the Municipal Complex to be a robust and vibrant center of business for our city and we look forward to welcoming innovative companies to locate here.”
There is no word yet on what firms will be locating to this building.
The City Council will consider the terms of this agreement at Monday night’s City Council meeting. The City of Fishers, pending approval by the Council, supports this project through a 10-year tax abatement. The terms of the project are subject to clawbacks in the event the project does not proceed.
“This is yet another strong project for the downtown Fishers area,” said Rich Forslund of Colliers International, who will be leasing this project, in that same city news release. “New urbanism and connectivity are highlights of this unique project resulting in high demand from users looking to be in the mix. Limited space available for companies looking to strengthen their corporate culture and identity.”
This is the final land parcel of the Nickel Plate District’s downtown Municipal Drive ellipse to be developed.