The city of Franklin has approved a $2.4 million project designed to attract economic development investment. The project features the construction of a 50,000 square-foot shell building, partially funded by the city, which will be located in the Franklin Business Park.
The shell building will have the ability to be expanded up to 200,000 square feet. Construction is expected to be complete next spring.
The Franklin Redevelopment Commission is partnering with Indianapolis-based GM Development, Shelbyville-based Runnebohm Construction and Linville Farms in Franklin to construct the building. This is the second collaboration among the partners, who developed the city’s first shell building in 2013. The city says that building sold nine months after completion and helped to attract three additional companies to the Johnson County city.
"Our first shell building investment paid off quickly," said Franklin Mayor Steve Barnett. "This second project keeps Franklin competitive for the types of companies we want to attract."
The city will provide $610,000 for the land purchase and $100,000 for legal fees and other related costs.