FISHERS, Ind. (WISH) - A prime piece of property finally has a future in Fishers. It's one that's had a lot of plans but no progress. However, it looks like that's about to change.
The Fishers Marketplace sits at 131st Street and State Road 37. For years, it was supposed to be the future home of a water park, but that fell through.
Now the 104-acre site will be filled will a Walmart Neighborhood Market, a new bank, as well as restaurant and retail options.
When the project is complete not only will there be retail development, but a luxury apartment complex will add a component to the project.
Earth movers are signs something is happening at 131st Street and State Road 37 in Fishers.
"Fishers is the sleepy giant in Hamilton County and we're starting to wake up," said Scott Fadness, Fishers Town Manager.
After several years of sitting vacant, the 104 acres of land is about to be developed.
24-Hour News 8 got a look at the renderings for the future Fishers Marketplace. The mixed-use development features restaurants and other retail space anchored by a 42,000 square foot neighborhood market Walmart.
"This is a done deal. They've gotten all their approvals through the town. They are pushing dirt. I don't expect to see any slow down in actually executing on that vision," Fadness said.
Fadness said this project is part of the growth needed in Fishers.
"This is really indicative of what we see in Fishers across the board; just kind of an uptick in both residential and commercial development," he said.
Six years ago, the land was a golf course. It was all torn out to make way for a water park, but those plans were washed out.
"The 2008 recession happened to that. I think a lot of developments we've seen across our community really hit a stumbling block back when we had that recession," Fadness said.
Fadness said development started to stabilize between 2010 to 2012 in Fishers. He said this year it's starting to rebound.
"We think it says a lot about the demographics of Fishers and why it's attracted for businesses to come," said Fadness.
24-Hour News 8 talked with the developers, Thompson Thrift, Wednesday afternoon. They wouldn't confirm what other businesses are going in Fishers Marketplace, but said they are in negotiations with several.
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