FISHERS — The land where a former Marsh store currently sits will soon be redeveloped, the City of Fishers announced Wednesday.
Strongbox Commercial and Fishers announced a $7 million plan to demolish the 20,000 square foot grocery store building at 96th Street and Lantern Road and add a new 10,000 square foot retail building, landscaping and parking lot improvements.
"The 96th Street corridor is an important gateway into our city, and I’m glad this vacant property will see new life through this reuse,” Fishers Mayor Scott Fadness said in a release. “My team is committed to ensure Fishers’ vibrancy is felt in all corners of our city and this is another great example of that dedication.”
A release from the city said the former Marsh location is one of two locations in Fishers that were rezoned after they closed. Strongbox will begin working on the project in January.
“Strongbox Commercial is excited for the transformation this project will bring to Fishers,” Strongbox director of development and operations Lindsey Phipps said in the release. “The Marsh grocery store has been vacant for far too long, and we believe the redevelopment of the existing building accompanied by additional retail will help catapult a positive impact along the 96th Street corridor. As a result, we envision this development to bring a positive effect to the neighboring businesses and residents as well.”
The release said the City of Fishers is recommending impact fee waivers for the new retail building on behalf of Strongbox in exchange for four license plate readers in partnership with the Fishers Police Department that would be placed along 96th Street.