Indianapolis Public Schools (IPS) has received five bids for its 4.5-acre property on East 16th Street. All proposals include a mix of both residential and commercial with the highest bid coming in at $2.75 million. Excited to see what comes next for this burgeoning neighborhood.
Set to transform downtown Speedway, Wilshaw is a mixed-use development anchored by an unannounced hotel. The proposal calls for 10 condos, 150 apartments, a 120-room hotel, and 15,000 square feet of retail space – this adds to a prospering Main St. that in recent years has undergone a slew of redevelopment efforts including the construction of Daredevil Brewery. Notably, the plan also implements a 500-space parking garage which looks to be wrapped and hidden from street view. Developers Loftus Robinson and Scannell Properties intend to name the project Wilshaw in honor of Wilbur Shaw, the last Indiana native to win the 500 which he accomplished for the third and final time in 1940. Slated for completion in 2018, Loftus and Scannell hope to start construction in summer 2016.
A preliminary look at an infill project proposed for 16th and New Jersey. In a couple weeks, indYIMBY will be doing an expose, in the vein of our Mass Ave series, on the revitalization of 16th St. and the push for a “Tinker Street” Cultural District. More details to come.