$120 million dollar redevelopment plan chosen for downtown Indianapolis, Indiana

The campus will bridge downtown to the Near Eastside. | Photo via 1820 Ventures

Way back in January, the city put out an open call for developers to submit project proposals for the redevelopment of three downtown sites: City Market brick wings, Marion County Jail II, and the Arrestee Processing Center. These mostly vacant sites are city-owned, and Mayor Hogsett has a goal to strengthen + revitalize downtown while adding dense housing and public use spaces. 

Yesterday, a developer was chosen for the Marion County Jail II and Arrestee Processing Center sites — 1820 Ventures will lead the way with its $120 million Cole Motor Redevelopment proposal, along with architectural design studios DKGR and Meticulous Design + Architecture. Here’s what to expect from the redevelopment.

An ode to the past

Nearly a century ago, the project site was home to Cole Motor Car Company’s campus — a luxury car builder and one-time Cadillac competitor. 1820 Ventures plans to incorporate this piece of Indy history into the new site. So far, we’ve seen the concept integrated into the site’s new name + can expect to see building restoration as a key design component (including historically accurate windows). 

The new features

Here’s a quick look at what the 280,000 sqft mixed-use campus will hold.

In the Jail II building:

  • ~140 apartments, from one- to three-bedrooms — Mayor Hogsett has stated that some affordable housing units will be included in the plans
  • A rooftop deck + dog park
  • A 15,000-sqft Ball State University Early Childhood Center and a 10,000-sqft Career Pathway Center
  • Retail space, with storefronts along Washington + Market streets

In the Arrestee Processing Center:

  • A 60,000-sqft concert space, thanks to a partnership with The Vogue
  • 30,000 sqft of coworking space
  • 40 parking spots, with an option to more parking nearby.
  • Additional retail space

A few last facts