Shoppers won’t typically be traveling to the $40 million store during rush hour, said Fishers Mayor Scott Fadness. Still, the city will move forward with road improvements already planned for the area.
The economic development agreement between the city and the Swedish home furnishing company requires the city to cover the costs for road, park, bridge, permitting, development and sewer impact fees. The total savings for Ikea is estimated to be $1.66 million.
Hundreds of acres of undeveloped land surround the 35-acre site the popular Swedish home furnishing company selected—land now ripe for new projects. And in other communities, hotels, restaurants, retailers and even tech companies have followed Ikea stores.
The Indiana Department of Transportation has selected Columbus-based Milestone Contractors and Indianapolis-based United Consulting Engineers and Architects for an $85 million project to widen the busy interstate through much of Hamilton County.
Nancy Clifford Irsay built a career in advertising and marketing before turning her attention to philanthropic pursuits and running an equestrian business after marrying Bob Irsay in 1989.
The developer of the Village of West Clay is nixing plans for future commercial growth, saying it’s “unfeasible” to wait for more office and retail possibilities.
City officials say they recognize the need to revitalize Allisonville Road, and the area is a priority as the city creates a framework for the future through its comprehensive plan, which looks as far ahead as 2040.
An effort is underway to bring new life to a beaten-down stretch of Massachusetts Avenue just outside downtown that's filled with obsolete industrial buildings.
The flurry of activity comes after Gershman transitioned to second-generation leadership and ditched its traditional bread-and-butter retail projects in favor of more modern mixed-use development.
Stephen C. Hilbert, Dr. Amelia R. Keller, Eli Lilly and Dr. William N. Wishard made significant contributions to Indianapolis financial and professional services.
Nature’s Table has staked out space at the Indianapolis International Airport while Rocket 88 Doughnuts is expanding to south Broad Ripple. Also, a couple more craft breweries are on tap.
