City officials plan to pour at least $10 million into structural and aesthetic improvements to five CSX railroad overpasses and the sidewalks and roads that run beneath them on the south side of downtown.
Speaking during a luncheon hosted by the Economic Club of Indiana on Wednesday, Elanco CEO Jeff Simmons addressed downtown’s struggles with homelessness, infrastructure, talent attraction and retention, and real estate.
The building’s 58,800 square feet of office and retail space is now mostly vacant, following exits in recent years by Scotty’s Brewhouse, HomeAdvisor and third-party logistics company Backhaul Direct.
New York City-based SomeraRoad Inc. has submitted plans to city officials for Stutz South, a five-story complex with 270 apartments that would occupy most of the block between West Ninth and 10th streets and Capitol Avenue and Roanoke Street.
Howdy Homemade Ice Cream’s goal is to provide more jobs to people with an intellectual or developmental disability. But it also wants to help other employers see people with disabilities as a dependable workforce.
Officials with New York City-based SomeraRoad Inc. told IBJ the company is in the pre-development phase of at least two projects on land adjacent to the multi-building Stutz complex at 1060 Capitol Ave., which is in the midst of a $100 million renovation.
The 18-month effort is expected to boost the number of bike patrol officers, security cameras, cleaning crews and those helping the homeless in the Mile Square.
Five of 20 downtown hotel projects announced before the pandemic have opened. But few of the remaining 15 have made substantive progress, despite a strong rebound in the district’s hotel occupancy rates.
TWG Development expects to spend $56.5 million to build Bakery Living, a six-story, 201-unit apartment project at 1331 E. Washington St., just east of its redevelopment of a Ford Motor Co. assembly plant.
The development team hopes to land a single office tenant to occupy most of the building, although the first floor could also consist of retail or other commercial uses.
Direct Connect has about 250 employees based in Indianapolis, with plans to hire an additional 150 workers by the end of 2023.
Plans call for the downtown hotel in the historic Odd Fellows building to feature as many as 164 rooms, a ground-floor restaurant, a rooftop bar and 4,500 square feet of ballroom and meeting space.
Walk-On’s Sports Bistreaux will move into the former home of two troubled downtown bars: Taps & Dolls and After 6 Lounge. Building owner Todd Johnson is teaming with an NFL Hall of Fame linebacker on the project.
Officials are working on finding the $60 million, which will likely include federal funding, to pay for it.
The firm leading ambitious redevelopment plans for the former Angie’s List campus on the east side of downtown—now known as Elevator Hill—is the city’s pick to take on the former Jail II and Arrestee Processing Center right next door.
Borns, a consummate salesman and outspoken advocate for Indianapolis, built his first project in the 1960s and by the 1980s was developing high-profile downtown projects.
Experts are optimistic that the property’s redevelopment will spur growth in housing and entertainment, but the industrial site’s environmental and historical factors must be considered in the aggressive timeline set for Eleven Park.
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
Founded in 2018 as Parcel Optimization Technologies LLC, ShipSigma said the new jobs will offer an average wage of nearly $42 per hour.
The ownership group plans to begin conversations with potential developers in the near future, after receiving suggestions from four design groups for remaking the massive property as a mixed-use district.
