Challenge: Demand for commercial and residential spaces continued to grow. City officials needed building space that combined commercial office and residential living space to keep pace with local demand.

 

Solution: The City of Fishers provided a 10-year tax abatement in conjunction with RQAW | DCCM to develop the 4-story North Ellipse commercial building. Located in the acclaimed Nickel Plate District of the City of Fishers, the 45,000-sf steel-framed structure includes build-to-suit office spaces, now occupied by tenants who provide everything from yoga to tech services. RQAW | DCCM has assisted each tenant in designing their customized spaces. The facility also includes public parking and soothing greenspaces for local pedestrians and building occupants. The shell space was tenant-ready in the spring of 2020 and is now completely occupied. This project was successfully delivered through a Build, Operate, Transfer (BOT) agreement, an arrangement between private development companies and municipalities offering significant benefits and flexibility to both parties.