If you peruse downtown Fishers along 116th Street, you will see much new development along North Street, one block to the north. But one block to the south, there is South Street. Based on an announcement from the City of Fishers Thursday evening, there are big plans for South Street, removing older structures and constructing new developments.
HighGround, a subsidiary of Carmel-based Hageman, and Rebar Development, a Fishers-based development firm, will present proposed projects for parcels along South Street to the Fishers City Council Monday night.
“I’m excited to see the dynamic facets of these developments breathe new life into this area of the Nickel Plate District,” said Fishers Mayor Scott Fadness in the city news release. “The transformation of this area will be incredible with high-end architecture, and new spots for small businesses to call home, all bringing a variety of people together from the corporate headquarters location to the 55+ community to visitors enjoying the amenities.”
First, CityView, a mixed-use building located along 116th Street at Lantern Rd, bringing $90 million of investment to the City of Fishers, anchoring the eastern gateway to the downtown district. The six-story building will include 184 luxury apartments specifically designed for the 55+ active adult community with incredible amenities, 16,000 sq. ft. of commercial space on the first floor, potential for outdoor restaurant seating, and a 280-space parking structure with electric vehicle charging stations. CityView will break ground February 2024 and is slated for completion spring 2026.“Our age-qualified communities are purpose-built and designed around the lifestyle of active 55+ residents,” said Tom Dickey, President of HighGround. “CityView living promotes an authentic, connected experience uniquely suited for building relationships, health and wellness, entertainment, and convenience.”
Second, Rebar’s District South will redevelop the south side of South Street between Lantern Rd. and the Nickel Plate Trail, transforming six vacant properties into a $32.5 million mixed-use urban village. Anchored by a four-story mixed-use building, the development will feature the new headquarters location for Annex Group, seven small business retail units, 38 loft residences, a fitness center, café lounge, shared conference room, and civic plaza and courtyard. Additionally, the village will include 44 multi-family units with modern finishes. Rebar will break ground on District South in the fall of 2023 and will welcome residents and businesses beginning early 2025.
“District South will be a thriving urban village with an inspired mix of office, small businesses, high-end residential, and an outdoor plaza, all anchored by an industry-leading company in Annex Group,” said Shelby Bowen, President of Rebar Development. “With direct connections to both the Cheeney Creek Trail and Nickel Plate Trail, District South offers a walkable, bike-friendly, pet-friendly neighborhood for our residents, tenants, and visitors.”
The Annex Group, a multi-family housing developer, general contractor, and owner, will relocate to Fishers to support their business growth. The Annex Group anticipates adding an additional 40 full-time employees by 2028.
The Fishers City Council will vote on economic development agreements for CityView and District South at June’s City Council meeting on Monday, June 19 at 7 p.m.