McCordsville Director of Planning and Building Ryan Crum said the Town of McCordsville actively seeks commercial development, and the McCordsville Marketplace is proof of that.
Construction recently began on the 21,000-square-foot multi-tenant development directly east of Meijer, 6939 W. Broadway St.
“(McCordsville Marketplace) is going to offer our residents some new commercial and restaurant opportunities and places for them to shop and eat,” Crum said. “It will kind of diversify our offerings a bit. It also shows the magnet that Meijer is going to be for the town. It’s taken a few years, but with this project opening, others are going to flock to those outlots around the Meijer.”
Residential developments have been abundant in the town the past decade, and Crum said commercial developments are beginning to follow suit.
“We are beginning to see more of that commercial investment following that residential investment, and we are still seeking out commercial and residential,” Crum said. “We are hoping all of this will lead to a good diversified tax base. I think what this shows is the additional interest in investing in McCordsville.”
Kovacs Enterprises is developing the McCordsville Marketplace. Owner Rick Kovacs said some tenants have already been determined, such as a Verizon and Great Clips. The company is searching for a restaurant or a sandwich shop as well. A drive-through will be available on the east end of the development. Kovacs also is seeking a dentist and physical therapist to fill the space.
The two-building development will be constructed in two stages.
“Building No. 2, we are hoping for more of a restaurant,” said Kovacs, a Greenwood resident. “I know McCordsville is a little short right now on restaurants.”
The company chose McCordsville to build the development because of its growth and its proximity to the Geist area.
“We had a home up in Geist for my family for about 30 years, so we know the area pretty well,” Kovacs said. “(The McCordsville Marketplace is in) a good spot right on Broadway, which connects Pendleton Pike all the way through to Indianapolis. We thought it was a good location and, of course, being in front of the Meijer on a lighted corner right there makes it an easier access and entrance.”
Construction has begun. Crews are conducting site work. Construction of the first building is expected to begin next month. Construction on the second building will begin when Kovacs leases 90 percent of the first building and signs another tenant for the second building.
Approximately five tenants will be in the first building and five to seven in the second. Tenant improvements to the building are slated to begin by July 1. Tenants are expected to start moving in by Sept. 1.
For more, visit mccordsville.org.
Sharing an entrance
The Town of McCordsville tries to limit the number of full intersections, often opting for right-in, right-out intersection. As a result, the town requested that the McCordsville Marketplace development east of Meijer share the Meijer intersection on West Broadway.
“When Meijer went through and put in a new intersection, we saw this site could be accessed through it as well,” McCordsville’s Director of Planning Building Ryan Crum said. “We really try, and the state agrees with us, to limit number of full-blown intersections.”