FISHERS, Ind. (WISH) — Fishers developers and elected leaders on Monday afternoon broke ground on what’s been touted as a “luxury urban residential development.”

The $75 million CityWalk on Nickel Plate Trail project was designed to have a tiered, seven-story building with 95 condominiums with 20 private rooftop terraces; 39 townhomes with rooftop terraces; and 88 apartments from one bedroom to three bedrooms.

Republican Mayor Scott Fadness in a Facebook post said he expects CityWalk to become a downtown Fishers landmark, setting the standard for architecture and design along the Nickel Plate Trail pedestrian and bicycling path.

Fishers City Council last summer approved the project, which should be done in summer 2027, according to the development firm Fishers-based Wanas Group, led by Sam Wanas.

The council OK’d $16 million in 25-year bonds for the project. The bonds are expected to be repaid through property taxes generated from the new project.

The groundbreaking ceremony was Monday afternoon at 8850 Circle Drive. That’s off Lantern Road north of the Nickel Plate Trail.