January 20, 2021

Looking To The Future For The Downtown Real Estate Market

Mayor Joe Hogsett shares his excitement for new developments in Downtown Indianapolis. - Robert Moscato-Goodpaster/WFYI

Mayor Joe Hogsett shares his excitement for new developments in Downtown Indianapolis.

Robert Moscato-Goodpaster/WFYI

Mayor Joe Hogsett joined Downtown Indy, Inc the Commercial Real Estate Alliance and other stakeholders Wednesday to share an update on projects in Downtown Indianapolis.

Hogsett shared his excitement for projects like the redevelopment at the airport, adding hotels downtown, the opening of Bottle Works, and a 58 million dollar residential development that, he said, is revitalizing Indianapolis.

“This is real evidence that development remains a priority for our city. And that unlike so many other urban areas that are almost at a point where they are standing still, Indianapolis remains on the move," Hogsett said.

When it comes to attracting residents to the city, Gavin Thomas, vice president of development at Hendricks Commercial Properties said it’s about highlighting what makes Indianapolis unique.

“We have a lot of industry, and different segments of the economy that are here in Indianapolis. It doesn’t matter what you’re interested in there’s a pathway and a career path here for you in central Indiana," Thomas said. "I think that’s something we need to drive home. And you know, you couple that with affordability and opportunity you’re going to get people moving here.”

Even as the pandemic continues, Indianapolis leaders said they will move forward with development in hopes that more people will call the city
home.

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