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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFlamencoNets, a minority-owned Internet service in Indianapolis, is the first tenant signed at the Purdue Research Park at AmeriPlex-Indianapolis.
The 4-year-old company plans to hire about five employees and lease space inside the park’s 55,000-square-foot accelerator, the first phase and cornerstone of the project.
The accelerator will house 15 to 25 startups and create roughly 300 high-tech jobs. The entire park ultimately will have the capacity to house 75 businesses and 1,500 jobs at an average salary of about $54,000.
Purdue is targeting life sciences, advanced manufacturing and information technology firms for the park. Development of the property likely will take five to seven years to complete. That could include up to 10 so-called technology centers of similar size to the accelerator for its graduates to move into, as well as for established firms interested in locating within the park.
In addition, three multi-tenant office buildings are planned for the front of the park, along Interstate 70 near Indianapolis International Airport’s new midfield terminal.
The development also includes a 300-bed, six-story hotel with a 30,000-square-foot conference center, and about 50,000 square feet of retail and restaurant space.
Purdue Research Foundation paid $2.5 million in June 2007 to purchase a half-interest in 78 acres at Ameriplex. Holladay Properties, a South Bend developer of industrial parks, owns the other half of the site.
Purdue has existing research parks in West Lafayette, Merrillville in northwest Indiana, and New Albany near Louisville. The Indianapolis location will emulate the mixed-use development in Merrillville, another partnership between Purdue and Holladay.
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