Muncie-based Central Indiana Orthopedics is moving forward with plans to build multiple medical office buildings on 138th Street in Fishers as part of a new health care-focused business park.
Central Indiana Orthopedics in mid-2016 announced plans to spend $13 million to start a 37-acre technology-focused medical campus called MedTech Park along 136th Street and Interstate 69, north of Southeastern Parkway, that would include a clinic and surgery center along with additional medical offices.
The $13 million figure covered the cost of the land acquisition and construction of the first building, which would be used by Central Indiana Orthopedics. The overall cost of the business park, which would contain at least three other buildings, was estimated at $52 million.
Last year, the company, which specializes in orthopedic care and sports medicine, hired Envoy Inc. to manage construction and development of MedTech Park. The Fishers City Council approved a $5.2 million bond that will be paid back through property tax revenue generated by the tax increment financing district established for the area.
At the time, Central Indiana Orthopedics hoped to have the first building constructed by the end of this year, but changes to the site plan have delayed the process. After initial plans were approved, the company requested changes to the primary plat plan to allow for two additional lots that would allow for buildings to be built adjacent to each other.
The adjoining buildings would give the appearance of one large building but allow for separate ownership.
Under new plans approved this week by the Fishers Planned Unit Development Committee, the 50,000-square-foot Central Indiana Orthopedics office will adjoin a 20,000 square-foot office for Urology of Indiana. The buildings will be constructed on about 5 acres of land at 14300 E. 138th St.
The orthopedics practice's current Fishers-based operations and 20 employees in St. Vincent’s Hospital will be moved to the new office once it opens. The company said as many as 25 new employees will be needed at the new building.
Central Indiana Orthopedics staff doctors serve as official team doctors at Anderson University, Ball State University, Indiana Wesleyan University, Taylor University and several high schools. The health care provider, founded in 1950, has seven other locations in the state, including one on the southwest side of Indianapolis.