Gary to Reveal Plans For High-Rise

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Gary Mayor Karen Freeman-Wilson and Merrillville-based Centier Bank Chief Executive Officer Mike Schrage will announce redevelopment plans next week for the 10-story Gary State Bank tower. The building was purchased earlier this year by Gateway Partners LLC of Hobart. Our partners at The Times of Northwest Indiana reported earlier this year plans call for a bank located in the region to move in and put its name on the building. Chase Bank had a presence in the city's second-tallest building until 2008.

Sources: The Times of Northwest Indiana, The City of Gary

November 18, 2014

News Release

GARY, Ind. - Since the announcement of the purchase of the 504 Broadway Bank Building earlier this year, a lot of progress has taken place. Mayor Karen Freeman-Wilson and Centier Bank President and CEO Mike Schrage will host a reception to share plans on the development of the building, which lies in the heart of Gary's downtown corridor.

Who: Mayor Karen Freeman-Wilson, Michael Schrage CEO of Centier Bank, Representatives from the Gary Common Council, Forest Hayes of the Gary Economic Development Corporation and Vance Kenney, Gateway Partners, LLC, business and community leaders

When: Monday, Nov. 24, 2014

Source: The City of Gary