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

    • 3 Tips to Attract and Retain Employees in the Gig Economy

      The gig economy has been around ever since workers began looking for supplemental income, but, it has recently evolved with the introduction of technology. Companies emerging like Uber, Lyft and GrubHub, are changing the gig economy landscape of the workforce. The gig economy has attracted millennials and Gen Zers because of the flexibility and autonomy to work from anywhere, at any time.

    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

    • (Industrial hemp photo courtesy of Purdue University)

      Hemp Processor Announces Expansion

      Indianapolis-based BDX Indiana has announced plans to bring more than 100 new jobs to central Indiana, with about a third of those going to a planned hemp extraction facility in Westfield. BDX extracts CBD oil from Indiana-grown hemp and is a sister company of Biodynamic Ventures, the largest hemp grower in Indiana. The city says the phase one build-out of the overall $50 million project is expected to begin this month with production to start in December. 

    • Butler Blue III is retiring next spring as the school's mascot. (photo courtesy Butler University)

      Butler Mascot Set to Retire

      One of the best-known ambassadors for Butler University is stepping down, all four legs of him, at the end of the current academic year. The university says their furry mascot, Butler Blue III, is ready to retire after nearly eight years of greeting visitors, students and staff. 

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • (image courtesy of Pixabay/VIN JD)

      Cyber Security Battalion to be Located in Indiana

      Indiana’s growing defense industry is further expanding into the digital battlefield. Governor Eric Holcomb has announced a National Guard cyber battalion will be located in the Hoosier state. The 127th Cyber Protection Battalion will be made up of nearly 100 soldiers focused on cybersecurity and cyber warfare. 

    • CEO of Knox County Development Corp. Steps Down

      The president and chief executive officer of the Knox County Development Corp. has resigned. Kent Utt had held the position for five years. Officials say Utt will continue to work with the corporation’s leadership to ensure a smooth transition going forward.