The Fishers City Council on Monday approved a project agreement for a $52 million mixed-use development. The project, known as, the Highline Project will feature six buildings that will include 280 residential units and more than 23,000 square feet of commercial, restaurant and retail space.
The mixed-use development will be located near the intersection of 106th Street and Lantern Road, near the Interstate 69 interchange. The project will also include a pedestrian trail, as well as streetscape and infrastructure improvements.
The project agreement includes Envoy to be provided with more than $10 million in bonds from the city. According to documents the bonds would be repaid over a 25-year period through Tax Increment Financing funds.
Envoy says the project could be complete by August 2023.
The project only was presented at first reading. It still has to be passed at a second reading, have a public hearing, and pass a third reading. Some residents voiced opposition along with council voicing concerns. Report correctly please.