Strongbox to invest $7 million, fill Marsh building

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On Dec. 11, Strongbox announced plans to demolish the former Marsh store at 96th Street and Lantern Road and then construct a 20,000-square-foot building to accommodate an unannounced new tenant, as well as a 10,000-square-foot retail lot, landscaping and a parking lot.

Strongbox is an Indianapolis-based developer and construction management company.

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 stated. “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.”

The Marsh site at 96th Street and Lantern Road was one of two in Fishers which closed after the company filed for bankruptcy in 2017. The sites were rezoned shortly after the stores closed.

“Strongbox Commercial is excited for the transformation this project will bring to Fishers,” stated Lindsey Phipps, director of development and operations at Strongbox. “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 City of Fishers is recommending impact fee waivers for the new retail building on behalf of Strongbox in exchange for purchasing four license plate readers in partnership with the Fishers Police Dept. The LPRs will be installed on 96th Street to deter crime.

Strongbox will begin its rezoning process in January.

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