Herb Simon-backed group proposes $250M two-tower project across from fieldhouse

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47 thoughts on “Herb Simon-backed group proposes $250M two-tower project across from fieldhouse

  1. Can we all agree to stop quoting people when they say “we’re not sure if we’re going to ask for a tax break”. Anyone building anything IS going to ask for a tax break. It’s just a question of how much.

    1. I’m glad they finally paid attention to all the comments you’ve made over the years. Indy really needs to step it up in developing a more dense downtown. Nashville Tn, has leapfrogged Indy. Their downtown has grown dramatically.

  2. Nice infill to add to density of downtown. But need more true skyscrapers. When is the Signia breaking ground. I worry that the actual building won’t at all live up yo the initial renderings. Seems like that’s what developers do all the time in indy. Show amazing renderings, get approval…then build a POS that looks nothing like original renderings. Elanco .

    1. Nice infill to add to density of downtown. But need more true skyscrapers. When is the Signia breaking ground. I worry that the actual building won’t at all live up yo the initial renderings. Seems like that’s what developers do all the time in indy. Show amazing renderings, get approval…then build a POS that looks nothing like original renderings. Elanco .

    2. Signia is set to break ground later this year. It’s still a go, but they’ve not released any final renderings. I too am a bit wary as to the final design, especially given substantial increases in construction costs. We could end up with a bit of a watered down version. Hope not.

    3. There was an IBJ article on Feb 9 about an NBA 2k league using the pan am pavilion through August with demolition of the pavilion to begin thereafter. So sounds like demo will happen second half 2022 and probably start seeing a building take shape sometime in 2023.

  3. I would suggest they just stack the buildings on top of each other. Make it a true mix use development. That would make it a 42 story building. Now that would be a bit more impressive but this is a moderate start.

  4. As Kevin P said, Nashville, TN has leapfrogged Indy. The rate Nashville is growing they may surpass Indy, in getting conventions. In order to maintain the convention status Indy has enjoyed, the current and future administrations must remain open to new ideas. Don’t be so “turtle” slow on making decisions when it comes to new construction and things to do downtown. Growing downtown Indy in all directions should continue, while adding stuff to do for families with children. Maybe the city administration should talk to a Nashville, Columbus, Ohio, Charlotte, NC or San Antonio, TX to get some ideas. Then move quickly on getting it done.

    1. Nashville is a big town compared to Indianapolis. It’s doing a lot! But it’s not a city like that… Indianapolis is gonna respond for years to come!! Enjoy the future!

    2. Nashville is a seedy, dirty city offering little more than honky tonk bars offering you country and western music and little else. The reason it is growing is due to the lack of a state income tax. But it has no class whatsoever. You couldn’t pay me to live there,

    3. Call Nashville names if you will, yet it still attracts conventions, growth, affluence, international flights and name recognition. Ask around the US and Nashville has a positive image of growth and affluence. Ask about Indianapolis and most think it’s a ‘town’ of a 200,000 or so, old, dirty, dangerous, regressive and conservative from the most negative aspects. This image retards growth and certainly is not attractive to attract the brightest and best from the fine institutions of higher learning in the state of Indiana.

      Nashville, Columbus, Louisville — are outpacing Indianapolis. It is time for the state legislature to stop punishing the city with vindictive and economically irresponsible legislation that renders the state and city a laughingstock. If Indianapolis is to continue to serve as an economic engine of the state and as an attractive locations for conventions, efforts must be made to make the city attractive — not just from the business and tax standpoint but also from that of perception. The city’s image is bleak in too many minds and this needs to change. Mentioning Indianapolis too often is met with groans of dismay and grunt of disapproval.

      Locals know of the beautiful neighborhoods and positives. Visitors will not notice this from key entryways of the city.

      The west Washington Street and I-70 west corridors from the airport are dreadful, uninviting, unattractive and embarrassing. The lack of sidewalks, trees, and paved alleys is shameful. Awful span wires rather than solid signal poles, a maze of overhead wires attached to decrepit wood poles, inconsistent and irregular street lighting from said hideous poles. Pleasant and attractive suburban neighborhoods linked by country roads with side ditches — not attractive. Basically, infrastructure is ugly and yes this keeps cost and taxes down.

      Nashville was once a much smaller city than Indianapolis. But upon becoming a co-extensive Nashville-Davidson County (their version of Uni-gov) that functions as a more integrated region, Nashville has ballooned in population and growth and attractiveness and reputation. Indianapolis has become stagnant in a balkanized structure with the Marion County line serving as a DMZ.

    4. Proof? Check statistics regarding growth, income, flight, visitors, gross revenues, housing starts, etc.

    5. Not going down that path with you. Quick Google search shows Nville gets 16.1 million visitors per year; indy gets 29.2. How many fortune 500 companies does Nashville have? Zippidy do dah. Nville definitely growing faster than Indy. But it is not an authentic city. It’s superficial and lacking a soul. People moving there are the fans of Dancing with the Stars and America’s Got Talent. It’s reflective of the stupidy of the broader American public. And that’s not a good reflection by any sense of the imagination.

    1. I understand your position but what skyscrapers do is bring attention to your city, in Indy’s case, attention that we haven’t had in the past. Indy gets looked over because it doesn’t look as attesting or exiting then cities with larger downtowns. Skyscrapers shows the wealth of a city and with all the conventions and spiting events, Indy should be showing casing more by building larger, modern looking buildings full of glass and stunning architecture

    2. Building cranes and tall buildings show a growing and progressive city.

  5. It’s time Indy stops bragging about how walkable downtown is. The cheap cost of living and walkable downtown hasn’t attracted new talent to the city or awarded another super bowl. Those talking points are played out and many cities have taken Indy’s playbook and made it even better. It’s time Indy takes a more aggressive approach and understand that people love cities that offer a variety of things to do outside of conventions and sporting events. Indy needs more live entertainment venues, a year around carnival with a large Ferris wheel and rides downtown on the canal. Water activities in the water river, like Oaklahoma city’s Riversport. It’s amazing and Indy could have the same downtown on the canal. Indy needs to think BIG ang out the box

    1. Nashville is a swell town. Haven’t hosted a Super Bowl…or A Final 4…Or or or…
      Nashville bashers…Vanderbilt? Belmont for higher education? Progressive public school and charter policies, uh…Music City? Really, they’re doing ok.

  6. Nice infill project for that site on Georgia Street. The next parcel that should be developed is the vacant lot in the next block north at Maryland. The surface parking lot is a waste.

  7. If a business can survive about 3 years it’s generally in safe waters. Downtown needs to explore rent subsidies for creative locals with brick and mortar ideas but limited capital. You need foot traffic and destination-worthy venues!

    The locals who give a city “personality” have traditionally been priced out of desirable areas. We do it for businesses, we do it for sports teams, do we not?

    Need RFP’s for the brightest and boldest of ideas. Give them help to get on their feet, learn the game, survive a few winters, and watch them fly!

    1. Agreed completely! I’ve been advocating that very thing for years.
      If the city can throw in subsidies for our sports teams, then let’s do it
      for bold creative individuals with solid creative ideas.

      The city has been saying forever that they want to attract smart artistic
      creative people to start businesses. So DO IT!!
      Pipe them in from our universities.

  8. Nashville is a swell town. Haven’t hosted a Super Bowl…or A Final 4…Or or or…
    Nashville bashers…Vanderbilt? Belmont for higher education? Progressive public school and charter policies, uh…Music City? Really, they’re doing ok.

    1. Swell, sure. Like a swollen boil waiting to be lanced. Seriously, Nville is okay. But it’s definitely not the super-wow-wow be-all-end-all city that blind fans seem to think it is. And yes, I’ve been there numerous times. If you’re not a honkey tonk fan…city doesn’t have much to offer. A big hillbilly cow-town.

  9. As someone who works in the real estate investment world and travels a fair amount there are a few things striking from the last few years.

    One is that cities like Columbus and Louisville have made investments in their downtown core and are continuing to invest. Indy has had a nice run and a lot going for it, but other cities recognized this and have started closing the gap. Columbus has made investments in downtown districts, soccer stadium, trails, etc. and it really shows. Visiting downtown Indy shortly after being in the Columbus market was striking. They feel like a city on the move, right now we do not.

    Nashville has made significant progress and I can assure all that leaders are not as dismissive of that city as others in this comment section are. It is a mid-South city that is extremely attractive to younger population movements, is considered a far more investable market than Indy right now, and continues to add quality of life to its downtown core. They stepped up and got an MLS team across the line (Indy really screwed this up) and will likely be awarded an MLB team as well.

    Indy will be fine, but investments need to continue to be made. Resting on laurels is not going to work. Yes, Indy gets Final Fours, high convention traffic, etc. now… but that is just now, to maintain that the city will need to take action. We have those events and conventions because of the vision of city leaders years ago, I don’t know if we have the same backbone we had then. I hope we find it.

  10. If I hear him say again, after some development or big thing is announced…”I think it speaks volumes that Indianapolis blah blah blah…” and then he says nothing of substance, I will scream. Yet he’s there for every photo op. He’s been awful. And if indy has slipped over the last few years…he’s at fault and the problem. And I’m a Democrat!

    Ryan Vaughn for Indy mayor! Or Allison Melangton. She’d be AWESOME. Even Susan Williams would be an improvement.

  11. Every single one of these high-powered developers wanting to do a multimillion mixed-use should be required to fix a previous failure of mixed use still lagging the downtown before getting the green light to build their pet. Simons, you have to fix and repurpose Union Station or Circle Centre first before you can start ground on this one. And when those are off the list, we put low & median income capped housing on the obstacle list. How do you like that, Milhaus? And, btw, not a single cent of TIF bs ever again to any company not publicly owned.

  12. A nice start would be actually repaving , not patching streets within 2 miles of the Monument. Try using 10th east of Eskanazi and Roudebush. Orange barrels have been in place for five years with no signs of work, …only constant reminders of the rough pavement and chuckholes. Not only a rough ride but embarrassing.

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