Fishers accepting proposals for downtown half-acre site

May 12, 2015

The Fishers Redevelopment Commission is looking for a new two- or three-story building to occupy about a half-acre of land in the Nickel Plate District.

The city published the request for proposals Tuesday for the property located at 11671 Lantern Road, which is currently a temporary parking lot, and will accept offers for a month.

The redevelopment commission wants the structure to be two or three stories with a minimum footprint of 8,000 square feet. There would be first floor commercial and upper level residential or commercial usage.

The RFP says “special consideration” will be given to projects that already have support or interest from prospective tenants.

The city’s priorities for the land on the northeast corner of North Street and Lantern Road include having construction start in 2015 and be completed in 2016.

There has been more than $100 million invested publicly and privately in downtown Fishers since 2013, according to city documents. Most recently, the redevelopment commission sold a quarter-acre property at 11634 Maple St. to Re/Max Ability Plus for $25,000.

The real estate agency plans to spend $1.8 million to build a 7,200-square-foot structure with space for an atrium and public cafe. Construction is expected to start next month.

The city initially rejected the proposal from Re/Max, but continued working with the company to improve the project.


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