Fishers, IN–$100 Million Project on Hold

Cleveland based developer Fairmount Properties backed out of the $100 million Fishers Town Center deal, initiated a year ago, because of the struggling economy. The project included several hundred thousand square feet of office, retail and residential space off of 116th Street on the west side of I-69.  The developer was unable to acquire about 125 properties needed before it could begin construction.

 

Town officials will hold a three-hour meeting Dec. 11 at the Fishers Public Library to hear opinions on what residents would like included in plans for the development. Two other meetings will be in January. The town could then change existing plans or consider scrapping the project.

 

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Contributed by John Pacilio
Office: (317) 216-8500
Email Me at: John@JohnPacilio.com
Visit us on the web at: http://www.JohnPacilio.com

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