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.

{{cta(‘41222951-0231-49fe-b328-fdd4c3793473’)}}

Evolve the way you work

Discover an Office Evolution near you!

Modern conference room with bright orange ergonomic chairs and a large window view at Office Evolution.

Related Articles

#businessinformation

July 21, 2026

What I’ve Learned Running a Flexible Coworking Space in a Growth Market There’s a pattern I’ve seen over and over…

#Entrepeneur

July 20, 2026

Launching a new startup is an exhilarating adventure, but it comes with a glaring reality: every single dollar matters. In…

#Communication

July 13, 2026

As a small business owner and coworking space operator, I spend a lot of time thinking about trends. Not daily…

Over 85 locations and growing! Open a Location Alert Bar Link