Irvington Brewery, Commercial Plan Moves ForwardPosted: Updated:
The Indianapolis Historic Preservation Commission has given approval for a new brewing company and commercial development in Irvington. The new development will be anchored by Black Acre Brewing Company and include restaurants, retail and office space. October 2, 2014
INDIANAPOLIS, Ind. -- The Indianapolis Historic Preservation Commission (IHPC) Tuesday approved zoning changes and exterior improvements for the Coal Factory, allowing the unique commercial development south of Washington St. in Irvington to move forward.
The Coal Factory encompasses 50,000 square-feet of property on the south side of Bonna Ave. and roughly between Ritter Ave. and Audubon Rd. The new development will be anchored by Black Acre Brewing Company’s new brewing facility, and will include a mix of restaurants, retail, artisan food production, art and entertainment offerings, and office space.
The area is part of Irvington’s original downtown, where a rail depot at the northeast corner of Bonna Ave. and Audubon Rd. was the hub of a thriving commercial district. The Coal Factory was once Irvington’s actual coal yard, which was served by a rail spur that came off the main railroad line.
In April, the Irvington Development Organization (IDO) announced it had secured a $500,000 grant from the City of Indianapolis to jumpstart the Coal Factory development. IDO applied for and secured the grant.
IDO is partnering with Irvington Brewing Real Estate, LLC to acquire and develop the site. Irvington Brewing Real Estate, LLC will serve as the owner and manager of the site and is responsible for the build out and leasing of the property.
“We are pleased that the Coal Factory will be able to move forward, as it has the potential to transform the southern part of Irvington,” said Margaret Lawrence Banning, executive director of IDO. “We also are pleased by the level of support and interest neighbors have shown for this project, and look forward to our continued partnership in bringing the Coal Factory to life.”
The Pennsy Trail, which was approved by the IHPC in August, will front the Coal Factory on the north side of Bonna Ave. The trail’s one block stretch along Bonna Ave. is the only area where the trail will front commercial development, as the remainder of the trail goes through back yards and behind buildings.
The Coal Factory construction is slated for completion by September 2015.
Source: Irvington Development Organization