Commercial Real Estate and Fishers and Office Complexes and Hamilton County and Retail Development and Development/Redevelopment and Regional News and Government & Economic Development and Real Estate & Retail

Fishers officials propose huge medical park

October 5, 2009

Fishers development officials anticipate unveiling plans for a huge medical business park near Interstate 69’s Exit 10 Wednesday night at the town’s regular council meeting.

The proposed Fishers Medical Technology Corridor would encompass about 900 acres on the town’s northeast side and require rezoning of much of the land from residential and agricultural to commercial.

Planners envision five distinctive districts within a new urbanism-styled park that would include more than 3.7 million square feet of office and retail space, as well as research and educational facilities.  

If fully developed as proposed, town planners say 36,281 jobs could be created in the area—an increase of 28,589 jobs over current zoning. In addition, assessed value of the land would increase by about $600 million under the proposal and could allow the town to collect $36.3 million more in road-impact fees.

Town officials have yet to gather public or landowner input on the proposal, but plan to over the next four months. Development of the park could take a decade or more. A draft of the plan is available online.
 

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