Leaders from the Indianapolis campuses of Indiana and Purdue universities outlined visions for increased collaboration and a transformed urban campus at an Economic Club of Indiana luncheon Wednesday.
The $249 million plan calls for rehabilitating the 116-year-old former municipal building at 202 Alabama St. and building a 387-foot tower with 186 apartments, 23 condominiums and 156 hotel rooms.
The spike in demand for electricity is being driven, in large part, by the artificial intelligence race as tech companies are snapping up real estate and seeking power to feed their energy-hungry data centers.
The labor pinch has affected several developments across Indianapolis, with some builders shuffling projects to accommodate subcontractor availability, a few halting the start of work altogether and others forging ahead after securing additional capital to pay higher prices.
“I’ve had many mentors at this point—well-established engineers and professionals—and they have helped me learn a lot. And I think a lot of the things that I’ve learned from them are a lot more applicable than some of the things I would have had to learn in school.”
The budget plan, which is now under consideration in the Indiana Senate, includes $15 million for the project, which will encompass about 7.5 acres on the White River’s western bank.
School officials and advocates, in particular, denounced the dual legislation considered Wednesday because of the possible the double-whammy hit to budgets.
The president may have been referencing earlier reports that the Japanese automaker was planning to move some production from Mexico to Indiana in response to impending tariffs.
Despite language in the state budget that appears to terminate the state’s contract with the nonprofit, Gov. Mike Braun’s office now maintains the intention is not to force IHS to give up its building.
TWG Development’s “Alabama Redevelopment” plan includes a new 21c Museum Hotel through the renovation of Old City Hall and the construction of an adjacent 29-story tower.
In addition to Marriott’s Moxy, the owners of downtown’s fourth-largest office complex also have secured a deal for a Bar Louie restaurant on the ground floor.
