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Boone County / Hamilton County / Regional News

Fishers office park off I-69 continues growth with two proposed buildings

October 14, 2016

Construction could begin soon on two more buildings in the rapidly growing Delaware Park commercial development near 106th Street and Interstate 69 in Fishers.

High-profile projects already under way in the 128-acre development include construction of a $15.9 million headquarters for Indianapolis-based Stanley Security on the corner of Kincaid and Sunlight drives, and a taproom and brewery proposed by Sun King Brewing Co. set to open in 2018.

In 2014, Thompson Thrift purchased the mostly undeveloped property for Delaware Park, stretching from 106th Street to south of Sunlight Drive and from the interstate east to Lantern Road. It's zoned for office, retail and industrial use.

Thrift officials said at the time they believed the land had potential because of its proximity to I-69 and the proposed interchange at 106th Street, which has been under construction since the spring and is expected to open to traffic next month.

Current occupants of the handful of buildings already in the park include Freedom Mortgage, Central Indiana Cancer Centers, Grin Dentistry, Mattingly Real Estate Investors and Gimbal Financial.

Delaware parkAmbrose Property Group, which is working with Thompson Thrift on the development, recently filed plans with the city to build two one-story office buildings that would be 10,000 and 15,200 square feet. (See image at right.) The buildings would be located along Lantern Road, north of Sunlight Drive. Ambrose did not respond to an IBJ request for more details on the structures.

According to public documents, construction could start next month. But the developer needs approval from the Fishers City Council before any work can occur.

The council is expected to consider the proposal from Ambrose at its meeting Monday.

In May, the council approved a temporary ordinance that requires any new project near the 106th Street and 116th Street interchanges with I-69 to come before the council for review, regardless of whether it meets existing zoning standards.

The city has been reviewing the zoning surrounding those two interchanges, which has been described as being “hodgepodge” and “fruit salad.” It's expected to establish a long-term vision for the area. The council voted to extend the temporary review until December after staff members requested more time to finalize new standards.

Thompson Thrift’s master plan for the entire development shows more than 20 new buildings that would provide more than 106,000 square feet of retail and commercial space, 522,333 square feet of office space and a 101,600-square-foot hotel.

The eight-story hotel would be to the east of the building where Freedom Mortgage has offices.

Four of the office buildings would be one story, as would the nine commercial and retail buildings. One of the office buildings would be two stories, two would be three stories tall, one would be four stories and one would span five stories.

Approximately 2,500 parking spots would be provided throughout the development, according to the master plan.

Officials from Thompson Thrift did not immediately respond to IBJ’s request for comment.

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