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A 242-unit multifamily and garden home community at Fishers District has been sold to a Virginia-based company.
Alexandria-based Bonaventure Holding Co. purchased Slate at Fishers District from Indianapolis-based Thompson Thrift Development LLC, the master developer of Fishers District. The purchase price was not disclosed.
Slate at Fishers District was developed at a cost of about $63 million on 25 acres east of Ikea, with construction completed in May 2024. The development consists of one-, two- and three-bedroom villas, along with three- and four-bedroom town houses, all built in modern farmhouse style. The for-rent community is currently at 90% capacity.
The residences feature amenities that include gourmet bar-kitchens with quartz countertops, stainless steel appliances, 10-foot ceilings with designer light fixtures, walk-in closets with custom wood shelving, full-size washers and dryers, and smart home technology. Slate at Fishers District also has a clubhouse, a 24-hour fitness center, a resort-style swimming pool with cabanas, a bark park and a doggie spa.
Monthly rental rates in the community range from $1,719 to $3,890.
“Slate at Fishers District represents a community we’re truly proud to have developed, not just for its design and quality, but for the meaningful impact it has had on residents and the broader Fishers community,” Thompson Thrift Residential Managing Partner Josh Purvis said in a news release.
George Tikijian, Hannah Ott, Ted Abramson, Cam Benz, Claire Hassfurther, Ryan Stockamp and Sean Pingel of the Indianapolis office of commercial real estate firm CBRE brokered the sale of Slate at Fishers District.
Bonaventure, founded in 2000, has invested in dozens of multifamily properties, primarily in Virginia, but has been doing business in other states in recent years.
In 2022, the city of Fishers announced a major expansion at the $750 million, 123-acre Fishers District that includes the Union, the Crossing and Slate at Fishers District. The 7,500-seat Fishers Event Center opened at the Crossing in November.
The Union at Fishers District is expected to break ground in 2025, and the first tenants are expected to open in late 2026. Restaurants signed as tenants at The Union are Piedra, a Mexican restaurant by Fishers-based Arechiga Restaurant Group; Columbus, Ohio-based Kitchen Social; Niku Sushi.Kitchen.Bar, an upscale Japanese cuisine and sushi restaurant; Everbowl, a California-based chain of restaurants that offer acai bowls; and Racha Thai.
A five-story, 135-room AC by Marriott hotel is also planned at the Union at Fishers District.
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