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Proposed development near Lilly campus could include hotel

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Buckingham Cos. is exploring plans to build a mixed-use development that could include a hotel and conference center next to the downtown headquarters of Eli Lilly and Co.

The Indianapolis-based developer said it is discussing with city and Lilly officials its proposal for apartments, retail shops and office space, as well as the potential for a hotel.

Buckingham spokeswoman Christina Felts said plans for the project are in their early stages and do not include any details about the hotel. Felts declined to divulge the projected cost of the project.

The development would be built on a 10-acre property that encompasses a parking lot bordered by South, Delaware and Alabama streets that the drug maker wants to sell to the developer.

In a prepared statement, Buckingham President and CEO Brad Chambers said Lilly supports the project and views it as an opportunity to benefit the city, and to make more amenities available to employees and visitors.

"Our discussions with Eli Lilly, the property owner, and the city of Indianapolis are progressing well, and we hope to finalize a deal in the not-too-distant future," Chambers said.

In January, Buckingham won the right to redevelop a two-acre property at 860 W. 10th St. near the IUPUI campus.

The developer plans to tear down the former YMCA branch and replace it with a $20.5 million mixed-use project featuring retail space, a fitness center and 210 apartment units.
 

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  • Bad for Business?
    As a former Hotel worker, Lilly keeps some of the downtown hotels in business through slow periods. The plan would probably save Lilly money and be more convenient, but for the city how would that affect downtown hotels?
  • Good
    I like the current trend of building on surface parking lots! Granted it's barely a trend currently, but it's going in the right direction.
  • Which lot?
    Will they be developing to the north or south of South Street? I think both lots are owned by Lilly and both fit the description of bounded by South, Alabama, and Delaware. I may have to find a new tailgating lot...

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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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