Indianapolis company to redevelop former Marsh property in Fishers

An Indianapolis-based development company will spend $7 million to partially demolish a former Marsh Supermarket in Fishers and prepare the remaining building for a new tenant, as well as construct a separate retail building on the site.

The city of Fishers announced Wednesday that Strongbox will tear down a quarter of the 80,000-square-foot former Marsh Supermarkets property at 96th Street and Lantern Road. Strongbox, which does commercial development and construction management, will also add landscaping features and make improvements to the existing parking lot.

The company will build a 10,000-square-foot retail building on the property.

Ashley Elrod, as spokeswoman for the city of Fishers, said the company has had discussions with potential tenants, but nothing has been finalized yet.

The former Marsh at 8766 E. 96th St.—and other former Marsh locations in Fishers at 7272 Fishers Crossing Drive and 12520 E. 116th St.—were rezoned in 2017, shortly after the stores closed, so the property could only be used for grocery stores.

But Strongbox has indicated it will file to rezone the property in January, so the new tenants will not need to be supermarkets, Elrod said.

“Strongbox Commercial is excited for the transformation this project will bring to Fishers,” Lindsey Phipps, director of development and operations of Strongbox, said in a statement. “The Marsh grocery store has been vacant for far too long, and we believe the redevelopment of the existing building accompanied by additional retail will help catapult a positive impact along the 96th Street corridor. As a result, we envision this development to bring a positive effect to the neighboring businesses and residents as well.”

As an incentive to develop and reuse the property, Fishers plans to waive $150,000 in impact fees associated with the construction of the new retail building. Strongbox, in turn, purchased four license plate readers—worth $15,000 each—for installation along 96th Street.

Elrod said those cameras will help Fishers police keep their finger on the pulse of a highly trafficked area.

“It’s a heavy retail corridor, so if there’s a theft in the area, for example, those license plate readers can assist in that investigation,” she said.

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8 thoughts on “Indianapolis company to redevelop former Marsh property in Fishers

    1. Not only are they legal (used by police agencies statewide) they are used by NON Law Enforcement companies such as towing companies and private parking businesses (I.e. Dennison).

      Saw an older tan/gold Buick cruising Fishers parking lots scanning plates. Assuming it was a Repo company…

  1. So, lets get this straight: Fisher’s rezones the property allowing only a grocery store to replace a grocery store. Then, because it’s impossible to redevelop the site (too many groceries in that area already) and will cost the developer more money to redevelop the land, Fisher’s then gives said developers $90,000? Meanwhile, Fishers has continued to increase our taxes. How is this ok?

    1. The rezone was only a defensive measure to force anything other than a grocery store to submit plans to change it into something else. IOW, keep it from becoming a fireworks store three months a year. Controlling the change in a very turbulent time in the retail industry was a good move IMHO, versus letting who knows what to go into the 3-4 big vacant boxes that are in Fishers.

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