"By recognizing the cultural and historical significance of the Nickel Plate Railroad, we have the opportunity to incorporate recreation, education and interaction into single-user experiences. As progress moves forward and communities change, this rail to trail initiative will preserve the historic transportation corridor in ways that are more consumable to the masses." Read more here.
Construction recently kicked-off on a multi-use development in Fishers, included live-work units - something largely considered a new concept in Indiana. The live-work units made sense in Fishers, but the city isn't unique in this way...
Mayors across this country are finding ways to redevelop their downtowns, create a sense of place in the community, and spur entrepreneurial growth from within. Creating a project that helps a city meet these needs can be a win-win, here is why:
Support entrepreneurs. New companies are responsible for most of the job growth in America. According to Kauffman Foundation in Kansas City, companies less than one year old have created an average of 1.5 million jobs per year over the past three decades and account for nearly all net new job creation and almost 20 percent of gross job creation. With these statistics, it isn’t hard to see why city leaders are looking for ways to foster an ecosystem to support entrepreneurialism as a powerful economic development tactic.
The proliferation of co-working spaces across the country is in direct response to the rise of entrepreneurship in our cities and towns, but municipalities should be thinking about what comes next for these job creators—keeping them in your community is a must. The live-work unit offers a flexible, economically viable option for hard-working entrepreneurs.
In the Fishers example, the units will have street-level, commercial fronts for office/studio space with residential quarters in the back. The perfect solution for a growing group of people who embody the “life is work; work is life” lifestyle.
Further the sense of place. A strong sense of place is vital to the health and prosperity of a downtown, especially in small cities and towns. We know that a sense of place in a community usually includes a pedestrian-friendly, connected location with a lively environment that encourages visitors to linger and support the local economy. Live-work units can help broaden the feeling of community in a downtown simply by being.
Business owners that live and work in these spaces usually include creative entrepreneurs and small startups with strong cultures. By infusing a downtown with a critical mass of such businesses, municipalities encourage a connection to the local community. Not only that, but these entrepreneurs don’t leave the area at the end of the day. They shop local, eat local and drink local—inherently helping spur the economy and foster the hip-factor of the district.
Flex-space for future consideration. Like many other cities and towns, Fishers’ downtown redevelopment is still a work in progress. The mixed-use development by Envoy, an Indianapolis-based development and construction management firm, expands the footprint of the new, budding downtown into an area with little foot traffic to date. It’s an exciting time for the city, but it also posed an interesting challenge for the developer concerned about the financial sustainability of the project.
The typical mixed-use redevelopment project includes first-floor retail with residential space on upper floors. As redevelopment of an area moves forward, sustaining the first floor businesses while build-out continues can be a challenge for the development and the businesses that take a chance on the location.
Live-work units can help minimize this risk. By offering the businesses a place to live and work under one roof, with one monthly rent payment, the opportunity becomes more viable for the business owner. In addition, there is the opportunity for these units to become commercial-only locations in the future, if the market dictates that use. Since the units are created with commercial entrances and storefronts, as redevelopment continues and the area becomes a more popular destination, these units can easily transform into larger commercial locations suitable for a manifold of uses.
Live-work units are nothing new. The concept was born many centuries ago in towns and villages, in which work, business and housing all took place on the same site. It worked then and it works now. Whether you’re working with a mayor to inspire economic growth in a community or a developer with the ability to propose a creative development project, consider the benefits of live-work units. Just like in Fishers, Indiana, it could be just win-win scenario that works.
Article published on Inside INdiana Business on March 16th, 2017. See original article at http://www.insideindianabusiness.com/story/34894147/live-work-units-reasons-to-include-them-in-your-next-project.
Envoy, Inc. selected as construction manager and development advisor; Kimley-Horn as engineer.
”We are humbled to be selected by a well-established leader in the field of orthopedics and sports medicine to deliver their world-class medical facility,” said Scott Baldwin, principal of Envoy, Inc. “Envoy is equally excited about the opportunity to assist Central Indiana Orthopedics in the development of the remaining parcels.”
by Tim Evans, Indy Star
Work begins this spring on the first phase of a major redevelopment project town officials hope will create Brownsburg’s new “downtown.”
The public-private project involving the town and three developers will transform a section of North Green Street (Ind. 267) into “a pedestrian-friendly, vibrant, economic center,” said town manager Grant Kleinhenz.
The development site was formerly occupied by St. Malachy Catholic Church and School on the west side of Green Street, and a dentist office and several small rental homes on the east side.
Kleinhenz said the development, which could eventually include a new town recreation center, represents what is likely the largest private investment in Brownsburg's history.
The three developers — Scannell Properties, Envoy Inc. and Flaherty & Collins — plan to put about $70 million into the projects that will bring new restaurants, retail shops, offices and hundreds of apartments to the heart of the Hendricks County town with a population of about 23,000. A 212-space parking garage, along with streetscape improvements, such as the addition of a dedicated left-turn lane, sidewalks and bike paths, rain gardens and other pedestrian amenities, are included in the plans.
Key to each of the three independent projects will be exterior designs that creates the feel of a downtown district.
Work also will include a new entrance to Arbuckle Acres Park and improvements to an east-west street between Green and Grant streets.
What remains of Brownsburg's current downtown, a small business district ravaged over the past century by fires and the demolition of many of its original business buildings, is about three blocks south of the proposed new developments. As Brownsburg has boomed over the past decade, nearly doubling in population since 2010, much of the new retail and commercial development has been centered about a mile north near I-74 and Northfield Drive.
The new projects, Kleinhenz said, give the town an opportunity to recreate a downtown atmosphere, while bringing new and much-needed residential and retail options.
“This is a big deal for Brownsburg,” said Kleinhenz. “It represents a new kind of development for us. This kind of development is happening all over in the doughnut counties (outside Indianapolis), from Whiteland to Zionsville and Fishers and Carmel, and we’re excited to see is coming to Brownsburg.”
A two-story, 28,000-square-foot building on the northwest portion of the development site will be the first new construction. The project, developed by Indianapolis-based Envoy Inc., will include 115 individual office suites, according to Shelby Bowen, vice-president of development for Envoy.
The complex, which Bowen said will open in late 2017 or early next year, is similar to recent projects in Plainfield, Carmel, Fishers and Noblesville. It will include all-inclusive office spaces in various sizes, parking, conference rooms and "no-term" leases that make the space more accessible to new businesses.
"It will be great hub," Bowen said, "for entrepreneurs and small businesses."
Kleinhenz said the town is working with Flaherty & Collins on plans for a mixed use development to the south of the Envoy office suites, also filling a portion of the former church site.
Tentative plans call for a multistory project, with commercial and retail space on the ground floor and apartments on the other floors. Kleinhenz said Flaherty & Collins will invest about $30 million in the project that backs up to Arbuckle Acres, a 68-acre wooded park that includes baseball and softball diamonds, basketball and tennis courts, seven shelters and more than a mile of walking trails along White Lick Creek.
[Original story appeared in the Indy Star on 2/10/17. Read HERE.]
The redevelopment of Downtown Fishers is in full swing. Shelby Bowen, Vice President of Development at Envoy, Inc., shares with Lindy Thackston of Fox 59 News just how excited the Envoy team is to be a part of efforts to grow and develop this dynamic community. Here's a sneak peak:
"It’s not easy to come into a city and redevelop a downtown on this scale, so we’re just excited to be a part of it. There was no downtown... [the city] really lacked that sense of community. Then when you saw the Nickel Plate Amphitheater come on and people were gravitating towards that, it just kind of seemed natural to go you know, why not create a downtown? And that’s really what the mayor and council set out to do and hit a home run as far as I’m concerned. Between the brewery across the street and The Escape Room, we’re just lucky to be a part of that downtown culture of fun, entertainment and shopping. It’s just awesome. It’s just a sense of place. It’s just an extraordinary asset for Fishers."
Envoy already has one project completed: The Edge, an $18 million, mixed-use office and retail building with an attached parking garage, right on the corner of 116th and Lantern. Already home to The Well Coffeehouse, The Escape Room, Community Health Center, Borrowed Boutique, Lilly & Sparrow Boutique, and Progressive Eyecare, The Edge still has room for more!
1 North, located just down the street, is a nearly $45 million project that will include a regional 526-space parking garage and a mixed-use development with approximately 220 residential units, including 13 live-work units. Expected completion is in 2018.
Read the full article HERE.
Public-private project brings parking garage and mixed-use building to the Nickel Plate District in Fishers, Indiana. Mayor Scott Fadness said, “This redevelopment project really raises the bar for our entrepreneurial city."
We are proud of one of our own, Dustin S. Yancey, for participating in the Cops & Kids Program in Anderson, Indiana. This year, the program helped 75 children get $100 worth of Christmas presents each. The children went shopping with officers from the Anderson Police Department at the local Walmart store. Yancey, who also serves as Project Assistant/IT at Envoy, Inc., commented, "One of the things I enjoy the most about this program is that it sheds light on some of the good things that cops do for their communities. When I was shopping with Evan, it was as impactful for me as it was for him."
We are honored and excited to be selected CM on this awesome project happening in Broad Ripple. Located at Westfield Boulevard and Winthrop Avenue, the building once served as Broad Ripple Steakhouse but is about to undergo major renovations to attract a new restaurant to the space. The smaller structure on Winthrop will be demolished an office building will take its place. Learn more about the project and the building's history here.
Two years ago, founder and CEO of The Borrowed Boutique Emma Hostetter was a stay-at-home mom. Today, her rental service for high-end and special-occasion children's clothing brings in $15k a month. Hostetter started her rental service through a Facebook page, but now she is leasing a space at The Edge in Fishers, IN, and is working with Fishers-based Sticksnleaves to develop a custom inventory-management system and e-commerce tools for the business. Although most of The Borrowed Boutique's revenue is generated by out-of-state customers, Hostetter plans to expand the business locally by offering services like fittings, pick-ups, and drop-offs. To learn more about why Hostetter is considered "a great role model for entrepreneurs and for thinking about the future economy of Indiana," see the full IBJ article here.
The Well Coffeehouse, a nonprofit that was started in Tennessee, just opened its first location in Indiana at The Edge in Fishers. The Well puts its profits towards building wells (which cost anywhere from $1,500 to $13,000) in needy areas all over the world. Learn more about the owners and how their location at The Edge helped them to turn a profit in just 8 weeks here.
Development continues in downtown Brownsburg, Indiana. Envoy will begin construction The Brownsburg Office Suites, a two-story project including 110 office suites, three conference rooms and a co-working space. Redefining the traditional office environment, the Brownsburg Office suites will provide all-inclusive amenities, low overhead, and high impact results for entrepreneurs, start-ups and small businesses. For more info, visit our Office Suites website.