Excerpts from the IBJ | Article by Scott Olson |
Great Places 2020 is in motion and it’s expected that 2018 will see many activities taking shape for the $200 million redevelopment initiative targeting neglected pockets of the city. The effort, led by the Local Initiatives Support Corp. (LISC), aims to mix private-sector investments with federal tax money to spark redevelopment.
Midtown Indy is involved as the convening organization for one of the five Indianapolis Great Places 2020, Maple Crossing. The 1-mile square area at the intersection of 38th and Illinois streets has nearly $32 million in development projects underway, including:
- The five-story former United Way of Central Indiana building
- North United Methodist Church parking lot redevelopment
- Midtown Indy has purchased the two-story Concord Building, with the intention to transform it into a business incubator and destination for area residents
- Midtown has also purchased the former Double 8 grocery; a brewery is set to open in this space and other tenants are being considered
“The building (The Concord) has been an eyesore for some time,” McKillip said, “and we have been overwhelmingly excited about the number of folks who want to come back to the neighborhood.”