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Exciting! This property has the capability to really by a catalyst for something very cool on the Near Eastside. The nearby Blue Line should support a solid, walkable development that is a commercial, retail, and housing anchor for the surrounding neighborhoods.
Sure hope this ULI study is more successful and innovative than the Irvington Plaza study, which only extended the time for development to ever occur.
A potential advantage here is that the City owns the property.
However, given the City’s inaction on other sites that it owns (including the RCA/Sherman Park site that it traded for the Women’s Prison site), one might also consider City ownership to be a disadvantage.
I don’t have much hope in anything the government is involved in!
Yep, the city of Indy is really in high gear on development of the site as it will wait until the end of the year to request ideas to develop it!