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The Kimpton Hotel is currently under construction. Hopefully the Motto Hotel will start soon the corner is such an eyesore. Maybe they could turn into apartments.
I agree on the sight being an eyesore. I love the city is showing a desire to develop and there’s momentum. I don’t see why Indy shouldn’t be able to complete most if not all of these projects. Cities like Nashville, Milwaukee, Kansas City and Columbus are all
doing projects of similar size or bigger. So why can’t Indy compete? Im sure the price to do business and interest rates are the same there as here.
Hotel development is tough right now. Relying upon that in the next few years is a risky proposition.
Same for big commercial buildings. Lots of upside down loans floating in the market.
I don’t know what rough is to you but there are 3 20+ story hotels under construction or in design phases right now. Demand is high.
I remain dubious that we can absorb a major league soccer franchise in this market without Simon, or other deep pocket, money backing it.
No other group aside from Simon that could be backing it. Look at the proposed location and who now owns it….
Why is the empty parking lot on Washington Street between Pennsylvania and Meridian Streets not included as one of these mentioned sites. What a waste/void right in the middle of downtown. Can’t the City do something to encourage development of this parcel.