Downtown Indy's Project List Growing

A building boom in downtown Indianapolis is poised to reshape the city’s skyline.  Last week, city officials broke ground on 360 Market Square, one of 58 projects planned in the next two years.

An updated project list presented by Downtown Indy Wednesday highlighted more than $1.3 billion worth of construction projects.  Of that total, $714 million is for residential use, as downtown continues to see a strong demand for amenity-rich apartments close to workplaces, restaurants and entertainment.  

Tony Knoble, Principal with TWG Development LLC, says people around the country are noticing Indy’s growth.

"We have seen a lot of outside investment in downtown Indianapolis," says Knoble. "The fact that we can draw people from the east and west coasts to talk about our projects I think that bodes well for the future."

Commercial and office development includes a number of repurposed buildings.  New amenities coming to downtown Indy include the $22 million YMCA at City Way and the Downtown Transit Center. 

See the complete project list

See the project map

Highlights of Downtown Indy's Growth

• Since 1990, more than $12.4 billion has been invested in downtown Indianapolis. 
   
• Downtown led the state in rent growth in 2014 with a 3.8 percent increase over 2013.
   
• In the 2014 Developers Survey Data, 36 percent of the residents analyzed who are moving into Downtown were doing so from outside of Indiana. 
   
• According to Summit’s 2014 Q4 update, 2014 office leasing activity in the central business district was up 75 percent from 2013.
   
• Annual attendance at major Downtown leisure attractions has increased by 73 percent since 1994, with 7.6 million visits in 2013 according to Downtown Indy’s annual Downtown Indicators.