Apartments added to hotel proposal on south side of downtown

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8 thoughts on “Apartments added to hotel proposal on south side of downtown

  1. Indy is definitely developing all over the city. and downtown in particular. I personally would like to see even more around Lucas Oil Stadium and more taller all glass modern looking buildings. Indy needs another signature high rise that stands out like the saleForce tower. One way developers can achieve this, is by stacking the mix use developments. A 250-325 apartment building is usually about 10 maybe 12 stories depending how you do it. Market 360 has that many and went to about 26-28 stories. so with that in mind, you could have 3 floor for mix use and office space and 10 for a hotel and another 15 for apartments. This would give you at least 28- 30 stories and a vert effect use of building space. Indy could build several of these throughout downtown and totally and effectively change the city skyline

    1. Agreed! Well said!

      Taller buildings signal progress and confidence. They attract a lot more
      attention.

      I was hoping that Simons would combine their hotel and apartment building
      into a signature building. A signature building south of Washington Street
      would be very significant and bring even more focus & attention for
      the Simon development.

      That said, the city also needs to be much more aggressive in bringing jobs
      downtown. Without additional jobs coming downtown, economic development
      will be very difficult to sustain.

    2. I think you’re overstating the impact of a skyline. That’s a last century element that has lost its muster.

  2. Be cautious working/investing with Brian. His development in Carmel failed and blamed the city for his failure. Is this his next failure?

  3. Boys always think that size matters. Have you looked at office vacancy rates or considered a move to remote working and how that impacts the economics and financing of your big buildings?

    1. I totally understand your position and its actually some truth to it. I would like to just say that, when it comes to a nice modern skyline, its a show of wealth and power of a city. It also projects a certain type of perception that attracts young talent from all over. It shows the growth of a city.Most major cities have major developers and gurus that want to leave a mark on their city, so they build a skyscraper to show their wealth for all to see. Think of a modern day Pharos having a monument of some sort to be honored in his name.

    2. No one is discounting those factors affecting downtown development.
      But a skyline does show progress and confidence in a city
      when developers are willing to build.

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