Browning Investments has announced a major downtown development along the north and south sides of 116th St. in the Nickel Plate District in Fishers.
The mixed-use development will feature residential, retail, a high-end boutique hotel, and will be anchored by a six-story office building. The development follows the master plan for the Nickel Plate District’s downtown vision.
The north side of the development will be built by Browning and CRG Residential, featuring a five-story apartment building with 241 units, 10 townhomes, office, and retail units along 116th, North, and Maple streets, and a public parking garage featuring resident amenities on the roof. The development will incorporate the proposed Nickel Plate Trail and relocate the existing Pocket Park into a plaza gathering space.
The south side of the development will be anchored by a landmark 168,000-sq.-ft., six-story office building with ground floor retail space alongside a 110-room high-end boutique hotel, and a parking garage.
Construction is slated to begin spring 2019 with demolition and infrastructure improvements to address drainage and relocate utilities on South St. Improvements to sidewalks and an extension of South St. from Fishers Point Boulevard to Lantern Rd. will be incorporated into the project with additional right-turn only lanes to be installed at South St. at Lantern Rd. and at Lantern Rd. at 116th St.
The project is scheduled for completion by fall 2021.
The City of Fishers will propose support for the project to the Fishers City Council at the December City Council meeting. The city intends to construct a 750-space public parking garage on the south side and 256-space public parking garage on the north side as part of the development.