Thompspn Thrift has signed the first lease at The Union at Fishers District with Piedra, a Mexican restaurant owned and operated by Fishers-based Arechiga Restaurant Group.

Thompson thrift originally developed the Fishers District development near Ikea and is now developing the Union, near Interstate 69 and 116th Street.

“We are thrilled to welcome Piedra to The Union at Fishers District,” said Ryan Menard, vice president of development at Thompson Thrift, in a company news release. “Their commitment to culinary excellence and community engagement aligns perfectly with our vision for this vibrant mixed-use destination. This partnership represents a significant step in creating a unique and inviting gathering place for both residents and visitors.”

Piedra will offer what Thompson Thrift describes as upscale Mexican cuisine in an approximately 5,000-square-foot space with an outdoor patio area. The location is expected to open to the public in 2026. The Union location will be the second site for the latest concept, following the scheduled opening later this year of the first Piedra in Indianapolis’ Bottleworks District.

Piedra is the first signed lease at the project, with three other concepts currently at-lease, and several additional spaces being actively negotiated. The Union is expected to break-ground in the first quarter of 2025, with the first tenants expected to open in late 2026.