You may have heard spooky stories from the Central State Campus this week, but now that Halloween is over — we’re talking about the stories that will give this area new life.
Since the city purchased the 160-acre site from the state in 2004, it’s been working to redevelop the campus. Over the last year or so, there have been several development plans announced for this area.
The Plaza at Central Greens
Back in April, we shared that Carmel-based development firm T&H Investments planned to spend $36 million to build a 122-unit affordable housing project on the campus.
Construction is currently in progress and things are moving along on the multi-use development, which will include:
- Three apartment buildings (three stories with 39 units, each ranging from $715 to $1,150 per month)
- An amenity center that will feature a fitness area, a community gathering space, and a computer room
- A retail building
- A playground and pond
- 100+ parking spaces in a surface lot behind the apartments
The project is expected to complete by mid- to late-2024.
Richardson Townhomes & Flats
In June, an Ohio-based developer announced plans to spend $51 million to develop dozens of apartments + townhouses on seven acres of land on the western edge of the Central State campus.
Plans call for ~40 rental townhomes and ~136 apartments intended for those making anywhere from 30% to 80% of the area’s median income. Plus, it would also feature 204 parking spaces, a co-working space, and outdoor picnic areas.
If the project is awarded funding this month, construction is expected to begin in fall 2024 and be completed the following year.
NXG Youth Motorsports
In August, IBJ reported that NXG Youth Motorsports Inc., a local motorsports not-for-profit, plans to acquire more than two acres at the Central State campus to transform the former State Highway Garage complex at 50 N. Tibbs Ave. into its new headquarters.
The organization — which focuses on helping children and teens learn about the motorsports industry through karting, classes, and other programs — expects the new space will give it the opportunity to expand its programming. The campus would offer a computer lab and an area to teach youth how to detail cars, and the main building would contain new offices for NXG, along with spaces for remote-control cars and racing-simulation machines.
It also hopes to create a competition plaza at the center of the campus consisting of two tracks, which would be used for remote-control car races and drone soccer.
