The Monon 30 Project β created by a team of nine local companies β is planning to take a cluster of industrial properties that are vacant + deteriorating on both sides of the Monon Trail between E. 29th St. and Sutherland Ave. and transform them into a mixed-use project with residential, retail + commercial space.
The development β nearly 14.5 acres + costing roughly $100 million β hopes to serve as a catalyst for the neighborhood to overcome the challenges of the environmentally and economically-distressed area.
Hereβs what the developers plan to do with all of that land:
- Restaurants
- Pop-ups + art galleries
- Grocery store + parking
- Cultural + educational facilities
- Event + performance center
- Apartments with affordable units
In September 2022, City-County Council approved a total of ~$15 million in tax increment financing incentives for two residential developments.
- The Monon 32 will be an 81-unit single-family development of townhouses + duplexes that will cost about $20.5 million.
- The Domino will be a 220-unit multi-family building with a mix of studio, one- and two- bedroom apartments that will cost about $44.3 million.
Fences + sidewalks in disrepair currently prevent residents from accessing the Monon Trail. A critical part of the project will also be breaking down those barriers and connecting the area to the trail.
Construction began in spring 2022, with multiple segments of the development in the works at the same time.
