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IU research-to-market center plans move to Wishard

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A center that helps Indiana University researchers work with businesses to bring their discoveries to market is planning a move in Indianapolis.

The Indiana University Research and Technology Corp. wants to sell its existing Innovation Center building in downtown Indianapolis and move into the former Wishard Memorial Hospital on the edge of the IUPUI campus.

IU acquired the 26-acre Wishard property this year and is planning a $100 million renovation of the property.

Corporation officials proposed the move to university trustees Friday. They say the move will put the center closer to students and faculty.

No timetable for selling the existing building has been established.

University officials say the research center helped secure 35 patents and launch 16 faculty startup companies in 2013. The center has been housed in a 63,000-square-foot former furniture warehouse on 10th Street along the Central Canal since 2003.

Wishard Hospital closed Dec. 7 in conjunction with the opening of the nearby $754 million Eskenazi Hospital.

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  • Good timing
    This makes a lot of sense. That area of the canal is rapidly turning into a dense (for Indy) residential corridor, with construction of 9 on Canal, 800 North Capitol, and potentially the lot south of 9 on Canal. The IURTC lot is prime real estate, far too prime to have a 2-3 story building. I like having those jobs downtown, but the IUPUI campus is hardly far from downtown.

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