The Fishers Redevelopment Commission had a last-minute addition to the Monday meeting agenda – the sale of the parking garage and residential units in The Switch Building downtown, from Loftus Robinson to J.C. Hart. That sale required several changes to the project documents governing the property.
Loftus Robinson will retain ownership over the commercial space in The Switch Building in downtown Fishers. (Photo provided)
The updated documents spell out the rights and responsibilities J.C. Hart will have with the parking garage and The Flats, the residential section of the complex. Loftus Robinson retains control of The Switch’s commercial space.
J.C. Hart is a property management firm with headquarters in Carmel. The company develops and manages residential properties throughout the Indianapolis metropolitan area.
In other Redevelopment Commission items from the Monday meeting:
- The first of two public hearings was held, with no one choosing to speak, on the changes in the financing for The Yard project. This was originally designed as a culinary project, and 100,000 square feet of space have been set aside for commercial development. The change is the addition of residential units and a parking garage. The second and final public hearing will be held on Monday, April 16 at the next scheduled Redevelopment Commission meeting.
- The commission approved provisions of a lease for the Braden Building, now completed downtown. The lease is to run 10 years, from March 1, 2018, through March 1, 2028.
- The commission released its annual report for calendar year 2017. You can find the report at this link.