By Holly Kline
Additional economic opportunities are on the horizon as a 70-acre parcel of land near I-69 and 106th Street in Fishers has been sold for development. Thompson Thrift Development and Thomas A. Grant and associates partnered to buy the property.
The site is within Delaware Park, an area that already includes Roche Pharmaceuticals and Freedom Mortgage. The recently purchased, undeveloped land is zoned Planned Unit Development, which means that potential tenants can be retail, office and industrial businesses.
”We are excited about this property and view it as a strategic acquisition for our company,” said Ashlee Boyd, senior vice president of development for Thompson Thrift. “We intend to work closely with our partners and the city of Fishers to establish a mixed use master plan for the project that will include a rebranding of the site.”
Discussions and plans have been in the works for a new I-69 interchange at 106th Street; it is hoped that such a traffic improvement would further entice businesses to set up shop in those areas.
”We knew the interchange coming to 106th Street would have a positive impact on economic development and we look forward to working with the new owners to bring jobs and additional investment to the Town of Fishers,” said Tom Dickey, director of community development for Fishers.
“In fact, since the new ownership group has been involved we already have had the opportunity to include a parcel of the land in a proposal to a company looking to build a new facility in Fishers,” Dickey said.
Thompson Thrift is a real estate development company that does business nationally and has been active in local development projects including sites in Geist Landing of Fishers, Noblesville’s Prairie Lakes and Cool Creek Village in Carmel.
Thompson Thrift’s development project can benefit Fishers by providing additional retail and industrial opportunities. “We are excited to see new investment in the area around 106th and I-69,” Dickey said.