The city of Indianapolis unveiled plans to change the downtown city skyline again — adding a new boutique hotel, housing, and retail while also saving a piece of city history.
INDIANAPOLIS — On Tuesday, The city of Indianapolis unveiled plans to change the downtown city skyline again — along with adding a new boutique hotel, housing, and retail while saving a piece of city history.will undergo a $140 million redevelopment.
The project will be spearheaded by local developer TWG and will include a new 32-story tower in the parking lot at 222 north Alabama Street, 190 residential units, including ten affordable housing units and a new museum hotel with 150 rooms and retail space."This building will change the skyline forever and we couldn't be prouder to do that and repurposing a 100 year old building as everyone's talked about is really neat," TWG CEO and Cofounder, Tony Knoble said.
The proposed project would be supported through a new tax increment financing district with public financing supported by the new development.Construction is not expected to begin until the end of next year
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