New Franchise – New Ellipse Building in Fishers Lures Tenants

As seen in the Indianapolis Business JournalIBJ logo

A prominent new office building on the north side of Fishers’ downtown municipal plaza will house a yoga studio, a coworking space, an engineering firm and an unnamed tech company.

Fishers-based BW Development LLC, a sister company to Indianapolis-based RQAW Corp., introduced plans for a $10 million Ellipse office building at 11 Municipal Drive in May 2018. The 45,000-square-foot building was designed to fill the last vacant city-owned property near the Nickel Plate District Amphitheater. Now, with construction complete, 30,000 square feet is spoken for.

— Colorado-based Office Evolution opened its second Indianapolis-area coworking space in the building’s second floor on February 5.

Founded in 2003, the company has 65 franchised locations across 24 states. Indiana’s only other location opened in August 2018, at 550 Congressional Boulevard, Suite 115, in Carmel.

Local operators Tom and Lori Fifer have filled the 11,500-square-foot Fishers location with dedicated workspaces, private offices, conference rooms and shared workspaces featuring wraparound professional services.

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