Big Fishers Real Estate Deal Close

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The city of Fishers is set to make a major real estate announcement that Mayor Scott Fadness says is part of a retail and office development strategy that “can set the tone for the next several decades.  The deal is a result of the $40 million IKEA development that broke ground last week.  “I think you are going to see a smaller form of retail, focused on culinary,” said Fadness, who expects an announcement in the next 30 days. “I think people want to see more restaurants, they want to see unique restaurants in Fishers,” said Fadness, who underscores the link between retail and nearby corporate office development.

In an interview on this weekend’s edition of Inside INdiana Business Television, Fadness said development around the state’s first IKEA will be different that in other markets, where big box and large retailers are the norm. He credits recent legislation, passed by the Fishers City Council, which tightens zoning near the store.

You can watch the full interview here.