The Wisconsin-based firm behind Mass Ave’s Bottleworks District plans to spend the next decade transforming the downtown mall into an open air, pedestrian-focused campus with housing, offices and shopping.
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The Indiana Economic Development Corp. is committing a state-record incentive package to the joint venture for the second plant, topping the previous record-setting package pledged for the first plant last year.
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The move is intended to drive growth in enrollment, research and particularly prestige, in part by eliminating the school’s tongue-twisting name. Purdue intends to grow its presence in Indianapolis as well.
The redevelopment of what is now an 18-acre manufacturing site downtown is expected to include apartments, a hotel, an office building and retail space—in addition to a 20,000-seat stadium. Keystone Corp. CEO Ersal Ozdemir said the project’s cost will likely top $1 billion.
The proposed downtown development at 230 S. Pennsylvania St. calls for the demolition of a century-old building and the construction of two high rises, including a 26-story apartment tower.
The state has offered at least $86 million in tax incentives, plus land for the project.
NCAA President Mark Emmert announced the games will be open only to “essential staff and limited family attendance.”
The Seattle-based e-commerce company plans to use a 660,384-square-foot building that’s already under construction for an an “inbound cross dock” center.
The Indianapolis-based company lost its way after founder Stephen Russell gave up the CEO’s role in 2012, and three of its former executives now are facing fraud charges.
Lesley Weidenbener and 
Mason King Hulman & Co. Chairman Tony George—the son of Mari Hulman George—and CEO Mark Miles have scheduled an 11 a.m. press conference with Penske Chairman Roger Penske at the Indianapolis Motor Speedway.
The development company told IBJ in a statement that it plans to reposition its business to focus on e-commerce and industrial development and away from mixed-use and office projects, including Waterside.
