The City of Fishers announced today the consideration of a redevelopment project at 11671 Lantern Rd. submitted by Nickel Plate Development, LLC. The proposal includes a two-story, 16,000 square foot mixed-use building with 8,000 square foot dedicated to commercial office space. Four Day Ray Brewing, a craft brewery and restaurant, will be the first-floor tenant and occupy the remaining 8,000 square feet. If approved, construction would start this fall with a projected completion date of spring 2016.
“We are excited to present this project to council, as it meets a critical need for office space and offers further vibrancy in our downtown,” Fishers Mayor Scott Fadness said. “The 8,000 square feet of office is ideal for the tech entrepreneur looking to relocate to the Nickel Plate District. We’ve experienced an increased demand for this size of office space, and expect this space to be leased quickly.”
Four Day Ray plans to be the first-floor tenant in the new urban storefront development, and has proposed a production brewery, taproom and restaurant. Four Day Ray intends to feature a menu of elevated international street food and American favorites, all prepared with farm to fork, fresh, local ingredients. It will serve Four Day Ray’s craft beer along with other select beers, craft cocktails and unique wines.
“Four Day Ray looks forward to positively contributing to the City’s success,” said Brian Graham, Four Day Ray founder and president. “By creating an attractive setting and welcoming atmosphere for people to relax and enjoy, we strive to be a destination where patrons can spend an afternoon or get a bite to eat and a beer while exploring all the Nickel Plate District has to offer.”
The remaining 8,000 square feet is located on the second floor and adds to the already low inventory of open office space in Fishers. In addition, the project includes a parcel to the west of the site to be used for parking.
“This project will positively contribute to the city’s future,” said Nickel Plate Development principal, Chris Welsh. “With Four Day Ray Brewing on the first floor and a creative office space on level two, this mixed-use development is the next step in the redevelopment of downtown and meets the city’s goals while adding to the vibrancy of the Nickel Plate District.”
The economic development agreement includes a ten-year property tax abatement for real and personal property and waiver of impact and permitting fees. In addition, the city will construct and make available for public use a surface parking lot adjacent to the development. The city council and Fishers Redevelopment Commission will consider the proposal and final economic development agreement at future meetings in August.