FISHERS, Ind. -- The IKEA to be built in Fishers is on track for a Fall 2017 grand opening, the company said Wednesday.
The company announced Wednesday that contractors have been hired and work will begin once permits are fully approved.
The Swedish furniture store is planning on a $40 million store to be built on 35 acres on the eastern side of I-69, just south of the 116th Street exit.
IKEA chose Pepper Construction to manage the Fishers site. You can see a rendering of the store at the top of this story.
“With contractors onboard, plans can proceed towards opening the future IKEA Fishers,” said Lars Petersson, IKEA U.S. president. “This store will provide a more convenient IKEA shopping experience for current and potential customers throughout Indiana, complementing our growing Midwestern U.S. presence.”
The building will be 296,000 square feet, with 1,000 parking spaces. IKEA representative said it will add 250 jobs to the area in areas such as retail, food services, interior design, human resources and accounting, all in addition to the 500 jobs expected to be created by the construction of the store.
IKEA sells furniture -- like beds, chairs and desks -- appliances and accessories.
The company said the Fishers IKEA will feature "10,000 exclusively designed items, 50 inspirational room-settings, three model home interiors, a supervised children’s play area and a 325-seat restaurant serving Swedish specialties such as meatballs with lingonberries and salmon plates, as well as American dishes. Other family-friendly features include a ‘Children’s IKEA’ area in the Showroom, baby care rooms, play areas throughout the store, and preferred parking."
Founded in 1943 in Sweden, its name stands for the founder -- Ingvar Kamprad -- the farm -- Elmtaryd -- and village -- Agunnaryd -- where the founder grew up. Kamprad was 17 when he founded the company.
Most of its products are bought from European countries, its website said.
IKEA currently has 41 locations in the U.S. The closest to Indianapolis are in Bolingbrook and Schaumburg, Illinois, St. Louis, Missouri, and West Chester, Ohio.
It is known for cheaper-than-average prices, due to having to put the products together yourself.