Thompson Thrift to move forward with next two phases of $750m mixed-use development in Indiana
Thompson Thrift announced that the city of Fishers, Ind., has provided approvals that clear the way for work to begin on the next two phases of its master-planned Fishers District development in the Indianapolis suburb.
Located near Interstate 69 and 116th Street, The Union will be a mixed-use development that will create a true urban experience. Plans for the 10-acre parcel include approximately 55,000 square feet of retail space, 60,000 square feet of class-A office space, a 150-room boutique hotel, a 250-unit multifamily community and 805 structured parking spaces for both residents and center visitors. Thompson Thrift is in negotiations for the hotel and approximately 40 percent of the retail space. Infrastructure work will begin in 2024, and Thompson Thrift plans to begin vertical construction in early 2025.
The Crossing at Fishers District will utilize 62 acres of land at the southern end of the development, the centerpiece of which will be the city-owned, 7,500-