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Fishers becomes draw for seniors projects

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Fishers has a reputation as a home for young families, but developers are pursuing the town’s seniors market. One skilled-care facility is about to open and another will break ground this month.

Bloomington-based CarDon & Associates is about to start construction of the $19.5 million first phase of Hamilton Trace of Fishers at 116th Street and Cumberland Road. The 110,000-square-foot building on 12 acres will house 30 assisted-living apartments and a 108-bed skilled care facility. That building is to be completed by January 2012.

Future phases will focus on independent-living cottages and duplexes, said Scott Rigney, CarDon’s director of development and strategic planning. The entire development will cover 34 acres. It’s being built on land purchased from Sunbeam Development.

Another project will be first out of the gate. By the end of October, American Senior Communities expects to open Allisonville Meadows, a 171-bed skilled nursing facility at 10312 Allisonville Road.

The need for such developments is obvious, said CarDon’s Rigney. “It’s a town of 70,000 people and there are no skilled nursing beds in the town of Fishers.”

Previously, the only community specifically for older adults was Britton Falls, a collection of single family homes between 126th and 136th streets just east of Cyntheanne Road. Britton Falls is for adults over the age of 55.

Scott Faultless, president of the Fishers Town Council, said the influx of seniors projects is an extension of the appeal Fishers holds for families.

“People who have moved here want to stay here. And we have a lot of grandparents who want to live close to their kids and grandkids. It’s part of the maturation process of the whole community.”

Even though the demand is there, seniors developments aren’t recession-proof, Rigney said. Financing for Hamilton Trace of Fishers is coming from First Merchants Bank and Centier Bank. Lining up the money was “several clicks more difficult” because of the economy, he said.

The economy also affects CarDon’s client base. Some people who might otherwise place an older family member in assisted living are keeping them at home because of the expense, Rigney said. People who are unemployed are more motivated to save money, he said, and if they are home all day they’re in a better position to care for an older family member.

Rigney said his company’s project is meant to appeal to all income levels. The facility being built in the first phase is expected to employ about 125 people.

Though CarDon is based in Bloomington, it’s no stranger to the Indianapolis market. The 34-year-old company has an office in Fishers and has facilities in Indianapolis, Carmel and Noblesville. Its 17 properties are spread throughout central and southern Indiana.

Hamilton Trace of Fishers was designed by InterDesign Architects, Civil & Environmental Consultants Inc. and Vector Consulting. Skillman Corp. is building the first phase.
 

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  • Fishers
    This is going to be good for the town of Fishers but the sad part is Cardon & Associates tend to purchase cheap equipment & products to where the people living there will suffer. Let's hope they take some pride in this building so it isn't an eyesore in 5 years!!
  • There is such a place with differences
    While there is a senior housing complex at that location in Fishers, it is strictly for Assisted Living and Independent Living residents. They do not offer the Skilled Nursing service line that these two buildings will offer. Yes, you are correct, they do continue to offer Memory Care as well... for Assisted Living type residents. The name of the building is The Hearth at Windermere.
  • Isn't there another place?
    Isn't there a skilled nursing facility near 96th and Mollenkopf? They even had an Alzheimer's unit at one point. That would be Fishers, in anyone's estimation.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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