IBJNews

Proposed development near Lilly campus could include hotel

Back to TopCommentsE-mailPrintBookmark and Share

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.
 

ADVERTISEMENT

  • 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...

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. why oh why does this state continue to elect these people....do you wonder how much was graft out of the 3.8 billion?

  2. i too think this is a great idea. I think the vision and need is there as well. But also agree with Wendy that there may be better location in our city to fulfill this vision and help grow the sports of hockey and figure skating in Indy. Also to help further develop other parts of the city that seem often forgotten. Any of the other 6 townships out side of the three northernmost could benefit greatly from a facility and a vision like this. For a vision that sounds philanthropic, the location is appears more about the money. Would really like to see it elsewhere, but still wish the development the best of luck, as we can always use more ice in the city. As for the Ice growth when they return, if schedules can be coordinated with the Fuel, what could be better than to have high level hockey available to go see every weekend of the season? Good luck with the development and the return of the Ice.

  3. How many parking spaces do they have at Ironworks? Will residents have reserved spaces or will they have to troll for a space among the people that are there at Ruth Chris & Sangiovese?

  4. You do not get speeding ticket first time you speed and this is not first time Mr.Page has speed. One act should not define a man and this one act won't. He got off with a slap on the wrist. I agree with judge no person was injured by his actions. The state was robbed of money by paying too much rent for a building and that money could have been used for social services. The Page family maybe "generous" with their money but for most part all of it is dirty money that he obtained for sources that are not on the upright. Page is the kind of lawyer that gives lawyers a bad name. He paid off this judge like he has many other tine and walked away. Does he still have his license. I believe so. Hire him to get you confiscated drug money back. He will. It will cost you.

  5. I remain amazed at the level of expertise of the average Internet Television Executive. Obviously they have all the answers and know the business inside and out.

ADVERTISEMENT