Boomerang planning $150M residential development in Fishers

Fishers-based Boomerang Development is planning a 345-home residential project called Abbott Commons. (Photo courtesy of city of Fishers)

Fishers-based Boomerang Development LLC is planning a 98-acre residential development on the city’s east side.

Corby Thompson, president of Boomerang Development, told the Fishers City Council on Monday night that the company plans to spend $150 million on a project that would take place on vacant agricultural land south of Interstate 69, north of 136th Street and east of Cyntheanne Road.

The development, called Abbott Commons, would include 345 homes ranging from $325,000 for townhouses to $475,000 for single-family houses.

Thompson said plans also call for nearly 36 acres of open space that would include walking trails, a pool and pool house, playground, pond fountains and common areas.

Abbott Commons would have about 6.7 miles of paths and sidewalks, along with sport courts, a dog park, community gardens, benches, gazebos, enhanced landscaping or a pocket park.

Fishers-based Boomerang Development is planning a 345-home residential project called Abbott Commons south of Interstate 69, north of 136th Street and east of Cyntheanne Road. (Photo courtesy of city of Fishers)

“We want to get people to get outside,” Thompson told the Fishers City Council. “Maybe a culture of health is what we can drive on these projects going forward in the future.”

Thompson said Abbott Commons has been in the works for more than a year. Boomerang selected Lennar Homes of Indiana LLC to be the builder on the project. Lennar, the second-largest homebuilder in the Indianapolis area, built more than 1,200 houses locally in 2020 with an average price of $370,000.

“We had many meetings, many reviews,” Thompson said. “There were a lot of homes that were kicked out, deemed unworthy. There were a lot of homes that we modified, and there are a lot of homes that were OK from the start.”

He added that Boomerang attempted to plan for more affordable housing in the $275,000 range until material and land costs, along with the city’s architectural review, made it impossible.

The plan for Abbott Commons will next go to the Fishers Plan Commission on April 13 before a final reading is made at the April 18 Fishers City Council meeting.

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8 thoughts on “Boomerang planning $150M residential development in Fishers

  1. if you remove 36 acres from 98 acres you get 62 acres
    345 homes/lots divided by 62 acres = 5.565 homes/lots per acre
    what is the city’ requirement for lots per acre?
    what is the distance between the proposed houses, 5′, 10′, 15′, etc
    what is the city’ requirement for distance between house?

    1. Steve – some of the homes are townhomes, so those would have a higher density than normal homes.

  2. Indys northeast, north and northwest suburbs are growing like crazy.I remember when Fishers was mostly cornfields.Carmel and Fishers are definitely competing with economic development as well as quality of life but now Westfield and Noblesville are getting into the mix.In about 10 more years,Indys metro should be well past 2 million

    1. @Robert: Where did you get the 10 million figure?
      .
      Population, Census, April 1, 2020 6,785,528 — for all of Indiana

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