If you have been around Fishers for any length of time, the names Tom Dickey and Shelby Bowen should be familiar to you.  Both served in staff positions for the Town and later City of Fishers.  Both are with the local firm Rebar Development and both are in the news.

Rebar announced a major leadership transition Monday, appointing Partner Tom Dickey as the company’s new President and Chief Executive Officer. The change is part of a long-planned succession strategy, with co-founder and outgoing CEO Shelby Bowen moving into a strategic advisory role.

Dickey, who joined Rebar in January 2024, praised the smooth transition and expressed appreciation for Bowen’s leadership.

“Shelby had shared early on his intention to eventually step back from day-to-day operations – a goal I respected and fully supported,” said Dickey. “I’m proud that we’re executing on that plan together and am happy for my good friend.”

Bowen co-founded Rebar in 2017 with Jerry Ewing and has led the Fishers-based development firm through a period of rapid growth. Under his guidance, Rebar has delivered more than $300 million in public-private partnership (P3) projects across central Indiana, establishing a reputation for impactful community-focused developments.

Notable Rebar projects include:

• District South – a $32 million mixed-use development in downtown Fishers

• McCord Square – a $50 million master-planned community in McCordsville

• Union Station Lofts – a $20 million mixed-use project currently under construction in Warsaw

• Ambrose on Main – a $27 million development in Westfield co-developed with Hudson Investing

“I’m incredibly proud of what we’ve accomplished at Rebar since 2017 and the impact our projects have had in communities across Indiana,” Bowen said. “It’s been very rewarding to work alongside such a talented team. With Tom stepping into the CEO role, I’m confident the company is poised for even greater success.”

Bowen’s next chapter includes consulting and serving on the Board of Directors at First Farmers Bank & Trust, along with other entrepreneurial pursuits.

In conjunction with the leadership change, Rebar also announced two key additions to its executive team.

• Mark Branaman has joined the firm as Senior Vice President of Development. Branaman brings significant experience in active adult residential projects.

• Garrett Lucas has been named Vice President of Development.

Both will lead Rebar’s growing portfolio of luxury active adult rental communities. Among the projects in development are:

• CityView – a luxury, mixed-use active adult apartment community in downtown Fishers, in partnership with Tegethoff Development and Hageman

• Vallara Finch Creek – a forthcoming development adjacent to Pulte’s Del Webb community in Noblesville