The Fishers City Council approved an apartment project at Lantern Road and Fishers Point Boulevard Monday night, despite the objections of three council members. Scannell Properties intends to build the $29 million multi-family development with a tax increment bond to be financed by Scannell. The developer will receive fee waivers from the city as part of the 180-unit project agreement.
Scannell says this development will be an important gateway to the Nickel Plate District and the Fishers downtown.
The council approved the project agreement with Scannel by a vote of 5-3, with Councilors David George, Todd Zimmerman and Cecilia Coble voting no (Councilman Eric Moeller did not attend the meeting). George said he has concerns about building apartments at that specific location because the apartments could limit the development possibilities north of the location, heading toward 116th Street.
Also approved Monday evening was a zoning variance Crew Carwash was seeking for its new corporate headquarters to be located at 116th Street near Interstate 69, allowing plans to move forward. A car wash operation will be part of the complex.
Additionally, councilmembers voted in favor of a rezoning of a house located near 126th Street and Olio Road to be utilized as an insurance agency office. The vote was 7-1 with Pete Peterson casting the no vote. Peterson said this use is not part of the 2040 comprehensive plan and he is concerned about how this will impact the area in the future.