8 Indy developments to watch out for in 2023

Keep up with Indy’s ever-changing landscape.

A rendering of the complex

The Bicentennial Unity Plaza Entertainment Complex will sit in between an existing building + the arena.

Rendering via RATIO Design and City of Indianapolis

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It’s hard to ignore all the construction projects popping up around the city. Whether they’re long-anticipated renovations to historic buildings or brand new bus lines, 2023 is shaping up to be the “Year of the Build” and we’re sharing updates on some of the most impactful projects.

Bicentennial Unity Plaza

Major progress is being made to this outdoor project, set to be complete early this year. In addition to the community basketball court, outdoor public space, and local artwork, there will be an entertainment complex with three levels, including a restaurant, a speakeasy, and an event space.

Pan Am Plaza

Two hotels, 50,000 sqft of meeting space, a skybridge, and more than 1,400 rooms are the headliners for this downtown project connected to the Indiana Convention Center. It’s expected to be completed by early 2026.

Purple Line

The bus rapid transit (BRT) line that will connect Indy to Lawrence is speeding ahead, with a completion date sometime in 2024. You can stay up-to-date on the construction forecast at IndyGo’s website.

A rendering of a bus stop on the Purple Line

A rendering of Sherman Station with bus only lane.

Rendering via IndyGo

Fall Creek Pavilion

Expected to open this summer, the project to renovate the nearly century-old Swine Barn at the state fairgrounds is expected to total $50 million.

Cole Motor Redevelopment

$120 million is going into the transformation of the Marion County Jail II and Arrestee Processing Center sites with apartments, a dog park, an early childhood center, retail space, and a concert venue. Construction is set to start early this year.

Elanco Headquarters

After breaking ground last year, it should take about 2-3 years to complete the new state-of-the-art campus for the animal health company. More than $100 million will go into the 40-acre site that’s planned to contribute to the expansion of the White River State Park area.

Elevator Hill

The area that used to be home to Angie’s List’s campus is undergoing construction that’s expected to continue for the next 10 years with a price tag of $250 million. Expect to see office and retail space, 500 units of multifamily housing, parking garages, and street improvements.

Historic Stutz Building

You might have already seen the progress being made on this landmark dating back to 1911 at one of its local vendor markets this winter. The $60 million revitalization that could also involve hundreds of new apartments is expected to take several years to complete.

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