CONSTRUCTIONAPPROVED

City of Fishers Awards Construction Contract to Build Bw (March 2026)

The Fishers City Council approved a Project Agreement with Build BW for the Crossing Hotel at 9001 Maynard Lane. Build BW will construct a Tempo by Hilton Hotel and adjacent retail, investing approximately $50 million, with City incentives including land conveyance and a developer-backed bond. The agreement requires project completion by December 31, 2027 and outlines a 25-year bond.

Status
APPROVED
Document date
March 16, 2026
Contract type
CONSTRUCTION
Vendor
Build Bw
Agency
City of Fishers · IN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $50 Million (developer investment); Bond not to exceed available TIF; City conveys land at no cost
Contract type
CONSTRUCTION
Contract term
Bond term: 25 years; Project to reach Substantial Completion by December 31, 2027; Agreement effective March 16, 2026 through bond term
Renewal date
2051-03-16
Renewal
Bond term is 25 years from issuance, with agreement set to terminate at bond maturity. Developer must complete hotel and retail by December 31, 2027. Major milestones and deliverables are set in the agreement. Renewal not automatic; future amendments/renewals subject to City approval.
Document type
Resolution
Source document
City of Fishers Resolution R031626A Approving Project Agreement (Crossing Hotel)

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Fishers?

Build Bw was awarded this construction contract by City of Fishers, as recorded on March 16, 2026. The contract value is Approximately $50 Million (developer investment); Bond not to exceed available TIF; City conveys land at no cost.

How much is the Build Bw contract with City of Fishers worth?

The Build Bw contract with City of Fishers is valued at Approximately $50 Million (developer investment); Bond not to exceed available TIF; City conveys land at no cost, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Fishers Resolution R031626A Approving Project Agreement (Crossing Hotel) (Resolution), dated March 16, 2026 from City of Fishers. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Build Bw hold?

Build Bw may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Fishers currently buying?

Explore City of Fishers's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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