City picks $175M project for block that includes City Market, Gold Building

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22 thoughts on “City picks $175M project for block that includes City Market, Gold Building

  1. Looks like an amazing project. Downtown needs more residential units and this project tackles that + embraces the city market vibe. We can’t spread out low density housing forever.

    1. Indy is not very aggressive in building high rise buildings like other cities our size. Although, a nice project, 32 stories would have been nice. Hopefully the convention hotel project with Hiltons Signia hotel high rise is still on?

    2. Robert H. ~ Just a hunch, but the decision to accept this project with fewer apartments may have been made with an eye toward the future redevelopment of the City-County building into, at least partially, apartments. The question is how many apartments can downtown consumer? A glut of vacant apartments would not be good.

      And yes, the Signia Hotel project is still on. It should start this fall.

  2. The gold building was already going to be redeveloped and refaced. So Indy essentially chose an 11 story low rise over a skyline changing 32 story tower. They always choose the least ambitious route.

    1. Huh? The chosen project has the highest investment value out of the three plans submitted. You are focused on only one portion of the project. The chosen project IS the more ambitious project.

      And, building a taller building just for the sake of building a taller building makes zero sense. If downtown gets more residents and potentially more large employers, while eliminating the still existing surface parking lots and other poor land usage, then land values will increase and taller buildings will make more sense and get built. Then, certain people won’t be so thirsty to get a measly 32-story building.

  3. Excellent news. Hogsett needs to understand that the tradition office is dead, and move towards driving as much housing development in those empty shells as possible!

  4. It would be nice if the Gold Building resurfacing was going to be more impactful from a design perspective. To replace something that everyone immediately recognizes (whether they like it or not) with a low rise blah building seems like a lost opportunity for exciting architecture downtown. I hope the design gets more interesting as the project develops. I’m glad to see investment in this area of downtown to keep it invigorated with the departure of many workers to the Community Justice Campus.

  5. We need more high-rise, not low-rise. Skylines of a city defines the personality of a city! Although a nice project, but it’s boring! 32 stories would have been a better choice!

  6. The 32 story tower plus taller ones are also coming! It’s plenty of others besides those also coming!! Indianapolis as you knew it is Gone!!! Welcome to The New Indianapolis!

    1. I’ve lived here a long time. Moved from suburban Chicago. Indianapolis will never have an impressive skyline. I hoped and waited for YEARS. Has never and will never happen. Just love the city Indy is. Doesn’t need a huge skyline to be an impressive big and important city. Love Indy as is!

    2. And seriously. If the vacancy rate at this point is 3%, and with the city’s stated goal of having at least 40k residents downtown…a lot more apartment buildings are coming. I’m sure a few highrises will be included. But Indy would also benefit from dense infill. That will make a more impressive skyline, with density.

  7. Oh man, I wish the re-skinning of the Gold Building included some sort of homage to the old imagery. I do like the emphasis on residential versus commercial/office though.

    1. Not a fan of the Gold Building but agree some homage to the gold color would be interesting to include. Maybe a gold border of some sort? Overall, I like the entire plan as multi-tenant housing is needed to reinvigorate the loss of the downtown workers post-COVID and post-Court system move to the south east campus. Best wishes on a successful development!

  8. I wish Indy would support revitalizing the streetscapes from the circle out to the edges of a nice walk. Too many empty, neglected, uninteresting properties to convince many to move from the area of the convention center to other areas. Even when the build something, the street seems to be totally missed in planning. The library had initially planned a solid wall to enclose their “garden” area. The visible fence and hedge had to be fought for to allow something slightly more interesting for the walker on the sidewalk.

  9. Regarding streetscapes the City Market planters are a mess. The trees are all dead and weeds have taken over the planting beds. Doesn’t look good adjacent to the Market Street revitalization.Hopefully this redevelopment will entice the City to maintain the landscape.

    1. I know right? Several cities are building taller residential condos and apartments. Maybe someday when downtown is built up and there is no more land they will be forced to build taller buildings.

    2. You’ll get your wish. The Old court building on Ohio is getting a 21c museum with a hotel and apartments all inside a 32 story building

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