Businesses Take Root in City
Businesses Take Root in City
January 2, 2008—Paraphrased Article from Indianapolis Star
By: Chris Sikich
After years of making headlines and nearly a decade after Republic Development began buying land along I-69 in Fishers and Noblesville, Saxony took off in the city in 2007.
Perkins Specialized Transportation's 37,500-square-foot corporate headquarters with 70 employees and Helmer Inc.'s 72,000-square-foot building with 125 workers both opened, as did Mike's Car Wash.
First Industrial Realty Trust will own Helmer's building and it's constructing a similarly sized building with speculative office and warehouse space. Verus Partners has finished a building with 90,000-square-feet of speculative space and Intrametco will move from Indianapolis into 5,500 square feet of its 20,000-square-foot building early this year.
The city invested $21 million in infrastructure to create access to its 280 acres of Saxony. Republic began purchasing land at Exit 10 in 1998. Now a 750-acre project by Republic Development, 500,000 square feet of commercial projects are under way or have just finished construction in Fishers and Noblesville. When complete, Saxony will feature 1 million square feet of retail space, 3.5 million square feet of office/industrial space and 1,300 homes in Fishers and Noblesville.
J.C. Penny heralds arrival of Hamilton Town Center
J.C. Penney became the first store at Hamilton Town Center when it began welcoming customers in September, and more businesses are on their way this spring. Goodrich Quality Theaters plans to open a 70,000-square-foot movie complex March 7 with 3,400 seats and 16 auditoriums, including an IMAX. Sixteen businesses have filed applications for or received building permits at Hamilton Town Center, according to Noblesville Planning Director Steve Huntley. They are Ann Taylor Loft, Dick's Sporting Goods, Stein Mart, DSW Shoe Warehouse, Old Navy, Banana Republic, Victoria's Secret, Claire's, Buckle, Men's Wearhouse, Bachrach, Houlihan's, American Eagle Outfitters, J.C. Penney, Goodrich Quality Theaters and Bed, Bath & Beyond.
SMC to become city's largest private employer
Japanese-owned SMC Corp. bused its employees to Noblesville in August to announce it will close and sell its Indianapolis-based North American headquarters and engineering center on the Far Eastside and move to the Noblesville Corporate Campus. SMC, which will be on 95 acres north of 146th Street and east of Cumberland Road, will become the city's largest private employer.
