New owners working on plan for well-located Fishers land

February 7, 2014
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Development firm Thompson Thrift is expanding its reach in fast-growing Fishers, working with partners to buy 70 acres of high-potential property near a planned Interstate 69 interchange.

The Delaware Park commercial subdivision, located south of 106th Street east of the highway, already is home to office buildings with tenants including Roche Diagnostics Corp. and Freedom Mortgage. But large swaths of land remain undeveloped.

Thompson Thrift Development collaborated with locally based developer Thomas A. Grant Inc. and a group of associates to assemble the vacant land, which already is zoned for retail, office and industrial use.

Terms of the deal were not disclosed.

“We view this as a strategic acquisition and opportunity for our company,” said Ashlee Boyd, vice president of development at Thompson Thrift, which has offices in Terre Haute and Carmel. “We’re excited about adding that project to our pipeline.”

The new owners will work with town officials to come up with a master plan for the development, Boyd said.

With a 106th Street interchange in the works—design work is expected to begin this year and construction in 2015—“the dynamics of that area are going to change significantly,” he said.

Town Manager Scott Fadness said officials are excited about the potential to attract high-density office development to the I-69 corridor. Some light retail uses also are possible, given the need to serve nearby office workers.

“Thompson Thrift does great work,” he said. “We’re looking forward to working on their different concepts.”

The company also will handle sales and leasing once the development takes off.

It has experience in the market, managing commercial projects throughout Hamilton County. Its highest-profile local venture is Fishers Marketplace, a 104-acre site along State Road 37 north of 131st Street that sat vacant for years after plans for a water park dried up.

A Walmart Neighborhood Market and Lake City Bank are up and running there now, and construction is under way on 16,000 square feet of retail space just north of the bank.

Future Marketplace tenants include Zaxby’s, City Barbeque, Bagger Dave’s Legendary Burger Tavern, Which Wich, Popeye’s Louisiana Kitchen and Fancy Nails.

What would you like to see pop up in Delaware Park?

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  • Good and Bad
    While I'm glad that someone is going to move forward with development of that land, I'm sad that the town of Fishers has broken a promise it made to residents along and near 106th Street that they would never put an interchange there. It's really close to a lot of residential neighborhoods, and while it might be positive for business development and the tax base, it may not be positive for homeowners. Can't wait for them to tell us that they need to widen 106th Street to 4 lanes to accomodate the growth and traffic, which they also promised they would never do.
    • Exactly...
      You're exactly right: Fishers promised years ago that 106th Street would NOT be subjected to an interestate exit, as there was already one extant @ 96th Street and 116th Streets. In addition, NO widening of 106th Street to accommodate this. Of course, now we residents along 106th Street, even a distance from I-69 are going to see our property values plummet, which, for us, will coincide with our retirement in 2016, which will make it impossible to dispose of our home. Thanks, so much, for nothing.
    • Blame Fadness
      Once again we see how Scott Fadness only cares about and is only concerned about is catering to big buisness. If you look at his campaign donations it is primarily from individuals whom live outside of Fishers. Also we see how his staff such as Eric Pethel would rather award contracts to buisness outside of Fishers. I would not complain to much or Fadness might get with the town attorney and start hinting that your property's in that area might be condemned. Scott Fadness does not care about the residents of Fishers, but only catering to his business donors. Fadness is in the process of running up long term debt with the use of TIF's and continues to disregard any input from Fisher's taxpayers about the future of Fishers. Fadness used to say he would not bring politics into town hall while he was town manager, but Fadness is nothing more than a politician who bends the truth to build his resume. The residents will be the ones paying the debt he is running up and dealing with the traffic nightmare long after Scotty is gone. I have said it before Fadness is a horrible town manger, an incompetent money manager, and does not care about the residents of Fishers. I do not believe Fadness can see the forest through the trees, and I see no silver lining with Fadness as Mayor. Just to many red flags!
      • Agree
        Amen. If we townsfolk elect Fadness we're screwed. He'll be terrible as Fisher's first mayor.
      • What will happen to Kincaid House
        I am deeply concerned about your development as to it's effect on the Kincaid house on 106th st. Just East of 1-69. I attended a meeting with Highway dept. and representatives of Indiana Landmarks and Me , Hamilton County Historical Society. I was president at that time. I felt confident that all was safe concerning the house. If as I have heard that you are going to tear it down, I would suggest , as a show of good will that you either incorporate it into your design or allow it to be moved. The house is eligible for National Register. Fishers is growing so fast that they are not able to keep up with the pressures of development. I hate to see a fine example of 19th century architecture go under the wrecking ball. Talk about this house is all over facebook this week, citizens feel very angry and sad at the loss of the landmark. Whereas all the new buildings , nice as they are and practical, do not evoke the same kind of feeling as the Kincaid house which gives us a sense of place and of history. Have a care and see if you can save this house. Hamilton County Historical Society, 317-770-0775. Please contact us. Dorothy Young, Board member

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