Developer planning $98M housing, retail project at 96th and Allisonville

A rendering of CRG Residential's proposed development and adjacent park land at 96th Street and Allisonville Road. (Rendering courtesy of the city of Fishers)

Carmel-based developer CRG Residential is planning a $98 million project on Allisonville Road in Fishers that will contain apartments, townhomes and retail space, while donating 25 acres of land to beef up a recently announced city park along the White River.

The project is slated for the northwest corner of 96th Street and Allisonville Road, which will require the city to reconstruct the adjacent “Michigan Left” turn on Allisonville Road as a roundabout, the city announced on Thursday.

As proposed, the project will include 380 apartment units, 66 townhomes for sales and 35,000 square feet of new retail space. CRG has committed to donating the land required for the roundabout, as well as the 25 acres of non-floodplain land that would increase the size of the planned White River passive nature park to 123 acres.

The city’s release on the project described working in “close partnership” with CRG.

“This project will enhance the southwest corridor of our community in multiple ways,” said Fishers Mayor Scott Fadness in the media release. “The new park, and now the additional buffer zone donated by CRG, will serve as a key amenity for our city and region, providing expanded public access to one of our community’s greatest natural assets—the White River.

“And as we bring the roundabout intersection online, the additional vehicular traffic will be able to better access the local businesses in the area as a gateway to our city.”

The Fishers City Council is expected to consider a project agreement for the development at its Feb. 21 meeting. A presentation from CRG and Fishers Economic development officials is expected to include more project details and a proposal for bond financing.

The financing would include CRG’s request for $23 million in developer-guaranteed bonds over a term of 25 years.

“We are excited about the opportunity to invest in this important corridor of the city and to enhance its value to the community,” said CRG President Christopher Reid in the city’s media release. “There are so many dynamic pieces to this development, particularly the park and greenspace along the White River which will provide access to the overall community.”

This story will be updated.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.

23 thoughts on “Developer planning $98M housing, retail project at 96th and Allisonville

    1. That is the Fishers Wastewater treatment plant. I have never lived next to a plant, but I got to tour one once, and from what I remember the smell is minimal.

  1. Bravo for keeping the pioneer cemetery in the middle of the development. It would be nice if they spiffed it up a bit and added some signage so people could learn a bit about our Indiana history.

  2. The main issue with the “Michigan Left” was that they did not design it properly. I’ve used “Michigan Left” intersections in multiple locations in Michigan and on high traffic intersections (Such as Telegraph on a number of intersections, and Newburgh and Six Mile in the northern and western suburbs of Detroit) that have far more traffic than Allisonville and 96th, and they work quite well.

  3. How will they handle the morning and afternoon busy times? Can you put lights in as well for peak traffic times? For everyone who hated the Michigan left it at least took care of the major backups on Allisonville going south in the morning and north in the evening. I like a roundabout as well as long as it’s not crazy trying to get into it. Traffic has been much lighter since people started working from home, but it’s starting to pick up again.

  4. Two things –
    Will the round about be an over/under? If not, then with the level of traffic in that area during rush hours, a Michigan Left is likely to start looking very nice.

    If this happens during the time of the 69/465 construction, the continued 37 construction, and the 146th and Allisonville construction, then traffic is going to get….

  5. I was just joking with my dad today about the purpose of Purdue: Purdue engineers interchanges poorly guaranteeing repeat business in a few years to re-redesign it.

  6. So excited for the park, pump track and natural surface trails! Agreed that connecting to Heritage park along the river will be amazing!

    Will there be pedestrian access between the new park and Town Run on the SW side of 96th and the river? Seems like a great opportunity to link those two amenities.

{{ articles_remaining }}
Free {{ article_text }} Remaining
{{ articles_remaining }}
Free {{ article_text }} Remaining Article limit resets on
{{ count_down }}