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'Meyer Najem'

Feb 03

Nickel Plate District Redevelopment Spurs Smart Growth in Fishers

Posted to Fishers, Indiana on February 3, 2015 at 12:18 PM by Mayor Scott Fadness

Fishers is growing. It’s a fact that is often discussed, both inside and outside our community.

While Fishers began as a slow-growing suburb of Indianapolis, we are now one of Indiana’s fastest-growing cities. Our award-winning schools, affordable homes, diverse recreational opportunities and budding entrepreneurial culture have made Fishers an attractive community for people from every walk of life.  

In the last decade, our population more than doubled. Now, in 2015 we have nearly 85,000 residents. Continued growth is inevitable. A forecasting and sustainability analysis we commissioned in 2014 projected a growth rate of 1.5 percent annually through 2030.  

As Mayor, it’s my job to ensure Fishers’ growth is maintained in a thoughtful way.  

What does smart growth look like? The most recognizable example taking shape before our residents’ eyes is the Nickel Plate District redevelopment. By working to develop a walkable, connected destination for entertaining, shopping and dining in the heart of Fishers, we’ve successfully increased the commercial tax base and created a live-work-play triumvirate.   

While the ever-growing number of residents will surely enjoy the amenities of the Nickel Plate District, it is one part of a multi-pronged economic development strategy that will draw innovative businesses and creative, entrepreneurial talent to our city; ultimately, strengthening the fiscal sustainability of our community.  The redevelopment efforts are still underway and already the strategy has proven successful.

Meyer Najem, a thriving construction business with an 87 year history in Fishers, relocated their headquarters to the Nickel Plate District, constructing a state-of-the art 40,000 square foot facility. We partnered with Meyer Najem to master lease the second floor of that building, providing leased office space to local entrepreneurs and small businesses.

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Memory Ventures CEO, Anderson Schoenrock, caught wind of the emerging entrepreneurial culture in Fishers and will soon relocate his company to Fishers from Los Angeles to be a part of it. He’s among the first round of tenants to lease space in Meyer Najem’s second floor office suite.

The Nickel Plate District Redevelopment has already begun to create a sense of place in our downtown area. We hosted well over 100,000 patrons at the Nickel Plate District Amphitheater last season for concerts, festivals, community events and farmers markets. 

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I’m very proud of the success we’re having with new business in the Nickel Plate District, but our work has only just begun. In the coming months, we will continue, and further, the smart growth conversation. I look forward to engaging our community in this discussion.  

In the meantime, as the Nickel Plate District projects reach their completion the activity therein will increase. 

The Depot at Nickel Plate will be completed this April, with space still for additional retail tenants. Already, the Depot will host Brixx Pizza and women’s fashion boutique Dottie Couture, which had a successful grand opening just a few weeks ago. 

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The old KFC site on Lantern Road will soon become “The Edge”, a three-story multi-use development that will house Community Health Network medical offices with additional space for retail, office suites and restaurants. The development will also add free public parking on nights and weekends in the facility’s garage. “The Edge” is slated to be complete in fall 2015. 

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Part of The Switch project will also be complete in fall 2015. Another Broken Egg Café was just announced as the first retail tenant and there’s space for additional restaurants, retail and office suites. 

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The Central Green will add public green space that will surely be enjoyed by those living, working and playing in the Nickel Plate District during the spring and summer months. 

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A thriving local business scene is essential to smart growth and we’re committed to not only working to attract new businesses but to support, retain and grow our existing businesses. And you can help, too. Our businesses – new and old -- need your support.  We encourage you to Shop Fishers every chance you get.

All of our development efforts, in the Nickel Plate District and throughout the city, are aimed at ensuring that Fishers remains a thriving community with continued opportunities for economic growth and development. Together, we’ll see a smart, vibrant entrepreneurial community take shape before our eyes. 





Jan 13

Smart Partnerships Foster Entrepreneurial Growth in Fishers

Posted to Fishers, Indiana on January 13, 2015 at 4:20 PM by Tom Dickey

Fishers is experiencing a great deal of new business activity within the city by local entrepreneurs. Attracting and maintaining fresh entrepreneurial activity doesn’t just happen on its own. Much of the activity is spurred by Launch Fishers, a co-working space where local entrepreneurs gather to grow and develop their business ventures, collaborate with other entrepreneurs and receive mentorship and coaching.  

The brainchild of serial entrepreneur and Fishers’ resident John Wechsler and Mayor Scott Fadness, Launch Fishers, and the activity therein, is the crux of Mayor Fadness’ vision of Fishers as an entrepreneurial city. In order to see the full fruition of this vision, Fishers has been committed to supporting Launch’s growth and development every step of the way. 

In the two years since its inception, Launch has experienced a tremendous amount of growth and success. With nearly 400 members and more than $3 million in venture capital and investment raised in 2014 alone now, many of the entrepreneurs who signed up with just a big vision and a one- or two-person team have grown rapidly. Having outgrown their space at Launch, they now need to seek their own office space.  

To help with this risky and sometimes scary endeavor for entrepreneurs, and to further the commitment made to our latest economic drivers, Fishers sought to devise a creative solution.

In 2013, Meyer Najem, one of the Midwest’s leading construction firms, was outgrowing its current office space in Fishers. As they explored relocation options, Fishers economic development team encouraged them to build their new headquarters in Fishers downtown area, the Nickel Plate District.

Fishers has worked diligently over the past few years to create a sense of place in the Nickel Plate District, where residents come to live, work and play.  In addition to being an exciting amenity for residents, the Nickel Plate District is becoming a significant tool for attracting new business to Fishers. 

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While Meyer Najem’s plans for a brand new two-story, 40,000-square-foot headquarters in the Nickel Plate District started to take shape, Launch Fishers, also in the Nickel Plate District, was nearly bursting at the seams.During negotiations with Meyer Najem, the Fishers team saw an opportunity to further the strategy of attracting high-growth companies to Fishers. 

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As part of the City’s public-private partnership with Meyer Najem, the City agreed to lease the entire second floor of the Meyer Najem building. Then, in turn, Fishers would lease the space to businesses in or moving to Fishers. Through the master lease Fishers was able to provide incentive for Meyer Najem while absorbing risks for entrepreneurs with growing enterprises. The short-term leases with flexible terms provide a next step for entrepreneurs who have outgrown Launch Fishers but may not yet be in a position to lease their very own space.  

Before construction on Meyer Najem’s new headquarters was complete, the second floor was fully leased. The tenants include QuadMed, a provider of onsite health clinics; BlueBridge Digital, a mobile app company and Launch Fishers first member, which has since grown to more than 25 employees; and Memory Ventures, a consumer brands company relocating from California to be a part of the budding entrepreneurial culture in Fishers.

DSC_0139.JPGQuad Med tenants review construction plans in their new space on the second floor of Meyer Najem's new headquarters.

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BlueBridge Digital CEO, Santiago Jaramillo, and Memory Ventures CEO, Anderson Schoenrock, chat with a local reporter in one of Meyer Najem's open meeting areas. 

Meyer Najem’s new headquarters is truly state-of-the art office space. The building features innovative building elements including a white roof to reduce solar heat gain and LED interior fixtures, locally harvested and recycled materials, three outdoor spaces offering a direct connection to Nickel Plate District amenities, bike storage facilities, indoor and water saving fixtures.

The master lease is a tool that surrounding communities are eager to learn more about and replicate.  Creative partnerships are essential to cultivating economic and entrepreneurial growth in burgeoning communities.