Thompson Thrift Plans BFR Project in Indianapolis
The 242-unit community will rise in a northern suburb.
Multifamily developer Thompson Thrift Residential has announced it will develop Slate at Fishers District, a single-family build-for-rent community in the Indianapolis suburb of Fishers.
Construction of the 242-unit luxury community is slated to start this week, with final completion and first move-ins anticipated to occur in the first quarter of 2023.
Spread across 25 acres in the southeast quadrant of Interstate 69 and 116th Street, Slate at Fishers District will feature one-, two- and three-bedroom “villas,” as well as three- and four-bedroom townhomes in a modern farmhouse style.
Averaging 1,215 square feet, homes will include 10-foot ceilings, designer light fixtures, walk-in closets with custom wood shelving, smart home technology and full-size washers and dryers. Amenities will include a swimming pool with cabanas.
“Americans are increasingly renting their homes instead of owning them and residents in the thriving community of Fishers are no different,” Eric Wojak, vice president of development, Luxury Leased Homes, Thompson Thrift Residential, told Multi-Housing News. “Slate at Fishers District will provide a highly desired option for residents seeking the best aspects of single-family homes, with the upgraded experience of great community amenities and professional management.”
A growing area
Slate at Fishers District residents will be able to readily access the I-465 loop and downtown Indianapolis. The project will be adjacent to the 18-acre mixed-use development Fishers District, which has 110,000 square feet of retail. In late September of this year, the development changed hands when JVM Realty acquired Fishers District from Thompson Thrift. The Slate at Fishers District development will include a public park with a paved trail providing direct pedestrian and bike access to Fishers District.
Hamilton County, where Fishers is located, is the fastest-growing county in the Hoosier State, and Indianapolis has enjoyed a decade-long growth period. Money magazine recently named the Circle City the sixth best city for jobs in the U.S. Meanwhile, Fast Company pronounced the city the seventh best in the nation for tech jobs.