First Internet Bank to Anchor Big Fishers Project

Updated:
(rendering courtesy of Browning Investments) (rendering courtesy of Browning Investments)
FISHERS -

Another major development is coming to Fishers. Indianapolis-based Browning Investments has announced plans for a $157 million project in the city's downtown that will include a boutique hotel, as well as residential, office and retail space. Fishers-based First Internet Bancorp (Nasdaq: INBK) will anchor the development by moving its headquarters to a six-story, 168,000-square-foot building.

The project will span the north and south sides of 116th Street and will be bordered by North Street, Maple Street, South Street, and the proposed Nickel Plate Trail. Fishers Mayor Scott Fadness tells Inside INdiana Business the project is the second chapter of downtown revitalization for the city.

"We've had a significant amount of growth in downtown over the last three or four years, but what this does is it brings a core tenant, a corporate headquarters to downtown, so you got more people working in downtown which helps the retail," said Fadness. "Secondly, it's our first development on the south side of 116th Street so seeing that start to grow and redevelop is also really, really interesting."

The city says the north side of the development will include 241 apartment units, 10 luxury townhomes along Maple Street, a two-level garage with a green roof and pool, and office and retail space on each corner. The south side portion will have the office building housing First Internet Bank, a 110-room high-end boutique hotel and a parking garage.

Fadness adds having a company like First Internet Bank relocate to the new development makes a statement.

"For us to be coined as an entrepreneurial city, to have (Chief Executive Officer) David Becker, who is one of the best known entrepreneurs in Indiana, decide to take his tech company and locate it in the heart of our city is a really big deal and that's very exciting to us," said Fadness. 

Fadness calls the development the "second chapter of downtown revitalization."
  • Perspectives

    • Startup Spirit Fuels Growth

      As the South Bend - Elkhart Region celebrates a $42.4 million grant from Lilly Endowment Inc., we know that the work to make the best investment with it is really just beginning. The spirit of entrepreneurship has been a vibrant part of our region for decades and the story of our family company could be somewhat of a guidebook for the region as it ventures forward. ITAMCO began as a dream of my uncle Donald Neidig and my father Noble Neidig to have their own business.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The Waterside project aims to transform 100-acres of the former GM Stamping Plant site. (photo courtesy of Ambrose Property Group)

      Ambrose, Glick Partner on Waterside

      Indianapolis-based Ambrose Property Group has announced a key partnership for the redevelopment of the former GM Stamping Plant in downtown Indianapolis. The commercial real estate firm is teaming up with the Gene B. Glick Co. to build and manage apartments as part of the $1.4 billion mixed-use redevelopment project. Ambrose says the partnership is also part of plans to catalyze "philanthropic and community-centric strategies to strengthen Indianapolis." The firm also...

    • NIBCO is headquartered in Elkhart. (photo courtesy of NIBCO)

      Companies Detail Closures, Layoffs

      Four companies have announced plans to lay off a total of nearly 300 employees. In separate notices filed with the state, the companies say the moves will affect workers in Indianapolis, Fort Wayne, Charlestown and Peru.

    • (Rendering provided by the city of Fishers.)

      Flexware to Break Ground on Headquarters

      Fisher’s based engineering servicing firm, Flexware Innovation Inc., will break ground Thursday on its new headquarters the Nickel Plate District Amphitheater. The $3.5 million project will feature a 35,000-square-foot office building with 12,000-square feet of office space for Flexware and what it calls “a build-to-suit area” in the remaining space. 

    • (rendering courtesy of Brightmark Energy)

      Construction to Begin on Plastics-to-Fuel Plant

      California-based Brightmark Energy will today break ground on its $260 million plastics-to-fuel plant in the northeast Indiana town of Ashley. The 112,000-square-foot facility, which the company says will be the first of its kind in the nation, is expected to create 136 full-time jobs when fully operational. The plant will use a state-of-the-art process to recycle plastic waste that has reached the end of its useful life, including items that normally cannot be recycled, such as...

    • Photo courtesy of Lafayette Elementary School

      Hammond to Close Three Schools, to Cut Jobs

      The  School City of Hammond board has voted to close three schools and cut 130-150 positions. Our partners at The Times of Northwest Indiana report Columbia and Lafayette Elementary schools, and the Miller School will close after this school year.