IBJ Podcast: Examining the $175M plan for downtown’s City Market block

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The city has endorsed a $175 million proposal from two Indianapolis-based developers to significantly recast the entire block that contains the Indianapolis City Market.

The proposal from Gershman Partners and Citimark included the following: A $90 million redevelopment of the Gold Building (which is the 9thlargest office complex downtown) into an apartment building with 350 units and an entirely new façade with a darker, more neutral color.

Next up: Construction of a $40 million, 11-story apartment building with 60 units, plus office and retail space, on the site where the market’s east wing currently sits. Next, $30 million in ongoing improvements to the 11-story office building at 251 E. Ohio, and $12 million in improvements to the parking garage that’s between 251 E. Ohio  and the Gold Building, which are all on the northern half of the block.

For this week’s edition of the podcast, host Mason King talks with Scarlett Andrews, director of the Indianapolis Department of Metropolitan Development, and Eric Gershman, principal at Gershman Partners, about the project and the timeline.

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5 thoughts on “IBJ Podcast: Examining the $175M plan for downtown’s City Market block

    1. Unless you plan to meet your drug dealer at the construction site or to take him to lunch at the City Market, you should be just fine.

      The rest of us are looking forward to the new apartments and upgrades to the City Market and surrounding plaza.

    2. I’m so bored of comments like this.

      “I clearly never come to the city center but I have opinions based on nothing!”

      Go sit down.

  1. Indianapolis must begin embracing, new requiring advancement in design and move leaps forward in moving away from cookie-cutter box buildings. Architecture is are on a grand scale and our city is woefull behind in its use.