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Inside the POLK Stables redevelopment project
Inside the POLK Stables redevelopment project on Wednesday, Aug. 4, 2021.
Michelle Pemberton, Indianapolis Star
Another summer of growth is upon us, and dirt is moving on a number of projects in and around downtown Indianapolis.
From mixed-use developments to entertainment venues, here’s a look at a few of the projects under construction and slated to come in 2022.
The Stutz redevelopment gets approval
Stutz under redevelopment: A former automotive factory in downtown Indianapolis is being modernized and turned into a mixed-use development with retail, dining, lifestyle amenities and co-working space.
New York-based developer SomeraRoad Inc. bought the historic Stutz factory last year. The real estate company restores and modernizes historic buildings.
Built in 1912, the Stutz Factory was once home to the Stutz Motor Company. Vehicles were assembled there until about 1934.The complex served as a warehouse for several decades and sat vacant for several decades. In recent years, the property has been used as a space for artists.
Giving a nod to the building’s history, SomeraRoad, Inc. has said plans include installing a Stutz car museum, transforming the building for office space, retail, dining, indoor and outdoor event space, plus health and wellness offerings.
Most recently, SomeraRoad announced that Cafe Patachou, Amelia’s Bread, Nashville-based Barista Parlor and VisionLoft Events will occupy space in the Stutz.
Back 9 Golf
Teeing off: A $30 million golf and entertainment venue is slated to open this summer about a mile southwest of Lucas Oil Stadium.
Back 9 Golf & Entertainment will open in June at 1415 Drover St. along on the banks of the White River.
The 58,500-square-foot venue will have 75 climate-controlled golf bays and a 3-story driving range. Brownsburg-based Best Friends Coffee & Spirits will occupy a spot on the first floor.
Back 9 Golf & Entertainment is positioning itself as a competitor to TopGolf, a technology-enabled golf, party and entertainment venue with a full-service bar and restaurant with a location in Fishers.
Polk Stables
An engine for job creation? Two local developers have partnered to transform the remaining building of the Polk Sanitary Milk Co. on Lewis Street near the Monon Trail.
Sajan George, CEO and founder of the Polk Group, and Issac Bamgbose, founder and president of New City Development, have unveiled plans to convert the dilapidated building into an entrepreneur and arts space that will serve as a business incubator.
The redeveloped Polk Stables would have space for COhatch, a co-working site, maker’s space with 3D laser printing and cutters, artist studios, and event space that could be used as a gallery.
George, who is the founder of the nonprofit Matchbook Learning, and Bamgbose hope that artists and entrepreneurs utilizing the space with engage in reciprocal relationships in which entrepreneurs become more imaginative about job creation and artists learn how to turn their work into sustainable ventures.
Historic building to be converted into hotel
An old building will soon get a new face. Chicago-based developers have began transforming the King Cole Building in downtown Indianapolis into the Motto by Hilton, a boutique hotel brand that the hospitality company launched in 2018.
The Gettys Group, a Chicago-based hotel developer and its partners, plan to convert the more than 100-year-old building is a 116-room boutique hotel, The Gabardine Restaurant, a steakhouse, and a speakeasy called the Fitting Room. The property will also have a European-style café called The Drop Hat.
The Gettys Group, Ridgeline Development Partners and Dove Cove Partners purchased the building for $3.8 million in 2019. The building’s rehabilitation is expect to cost $54 million.
Located on North Meridian Street, just south of Monument Circle, the historic King Cole building was built in 1915. It was once known as the Kahn building. The building’s architecture is considered Renaissance revival. It was designed by Vonnegut, Bohn & Mueller. Vonnegut was the father of writer Kurt Vonnegut Jr.
Lafayette Square Mall
A Window to the Word. In November, investment company Sojos Capital announced plans for a $200 million renovation of Lafayette Square Mall on the northwest side of the city.
Immediate improvements to the former mall site include repairing and replacing the roof, changing the air conditioning system, and adding security enhancements. And, Sojos Capital and its principal Fabio de la Cruz have much bigger plans.
De la Cruz plans to make the mall as a new neighborhood development called Window of the World. Phase one includes transforming the mall indoor corridors into outdoor street scenes, the addition of 200 apartments, office space, a hotel, public trails, parks and event space.
COhatch
Getting to work: COHatch, an Ohio-based company that provides membership-based co-working space, has announced plans to open a new location at Circle Centre Mall as part of an expansion across Central Indiana.
COhatch Circle Centre will open in the former location of Granite City Brewing on the mall’s ground floor at 49 W. Maryland St.
It will be COHatch’s first location in downtown Indianapolis. The company also has plans to open a new location inside of the redeveloped Polk Sanitary Milk Co. site in Martindale-Brightwood.
Elanco Animal Health
After months of planning, Indiana-based Elanco Animal Health broke ground at the site of its new $100 million global headquarters west of Lucas Oil and south of the Indianapolis Zoo.
The 45-acre campus will consist of a 220,000-square-foot, 6-story office building and connected innovation and collaboration buildings.
Company officials joined Gov. Eric Holcomb and Indiana Secretary of Commerce Bradley Chambers for a groundbreaking ceremony in April. The campus is being constructed on a site that formerly was a General Motors Stamping Plant. The plant, located along the White River, closed in 2011.
Indiana won the project in 2020 after Greenfield-based Elanco conducted a multistate search for its news headquarters. State and city officials offered more than $170 million in incentives.
Elanco is an animal health company that produces vaccines for pets.
The Bottleworks District expands
Wisconsin-based Hendricks Commercial Properties has started construction on the second phase of the Bottleworks District.
The more than $300 mixed-use development is already home to a food hall, theater and a boutique hotel. The second phase will include the addition of two office buildings, retail space, an integrated parking garage and streetscape along College Avenue between Mass Avenue and 9th Street.
New tenants coming to the Bottleworks District include Science and Magic, California-based Sandbox VR, which is an entertainment venue, and Insight Global.
Block 20
Block 20, a mixed-use development with apartments and retail space, is under construction next to the Athenaeum and the Rathskeller, just off of Mass Ave.
The project will consists of 78 apartment units, 5,500-square-feet of commercial space, and 255-space parking garage. Public art also would be showcase throughout the development.
Contact IndyStar reporter Alexandria Burris at [email protected] or call 317-617-2690. Follow her on Twitter: @allyburris.
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