Greenwood Completes Acquisition of 'Eyesore'

Posted: Updated:
The vacant strip mall is located near Greenwood Park Mall. (photo courtesy of the city of Greenwood) The vacant strip mall is located near Greenwood Park Mall. (photo courtesy of the city of Greenwood)

The Greenwood Redevelopment Commission has closed on a $1.1 million acquisition of a former strip mall considered an "eyesore" near the Greenwood Park Mall. The city says the eight-acre property, formerly home to The Patriot's Table restaurant, is expected to be demolished by early 2019.

Plans to acquire the property were first announced in July. The site is being considered for new park space and green infrastructure, though an exact plan is not yet in place. The city says it will seek community input before finalizing any plans.

"This is a very important acquisition for Greenwood," said Mayor Mark Myers. "Because the property is directly across from Greenwood Park Mall, a major destination for both residents and visitors, it is often one of the first impressions people see when they visit our city. Its redevelopment from blighted vacant buildings into a viable community asset will be huge positive for the city."

The city says the project, along with the city's purchase earlier this year of the former Greenwood Middle School site, will create a "unique destination corridor" along Madison Avenue. Work is expected to begin in spring 2019 to improve streetscapes on Madison Avenue.

"The RDC is very excited to further Madison Avenue’s growing reputation as a destination corridor on the southside," said Michael Tapp, vice president of the Greenwood Redevelopment Commission. "In conjunction with our Madison Avenue streetscape improvement project, the acquisition of this property and the creation of a welcoming greenspace and gateway into the city is a big win for the community."

  • Perspectives

    • 5 Spring Cleaning Tips For Your Social Media

      We're finally there. Spring. And that I find... exciting! So, when thinking about spring, then spring cleaning, consider your social media clean up as well. When I read this week that an average brand has over 250 digital experiences now to manage online, if you have any type of digital footprint, you may not be far behind. Here are some tips to clean out and dust off that social media stuff.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • 16 Tech estimates the first phase of development will create more than 2,600 jobs over 10 years.

      16 Tech Takes Big Steps Forward

      Indianapolis' 60-acre innovation community has announced two major boosts. The 16 Tech Community Corp. has landed a $38 million grant from Lilly Endowment Inc. to fund its initial development phase.The organization has also announced its first development agreement. The deal calls for Indianapolis-based Browning to construct three new buildings and renovate a facility as part of a $120 million investment. 16 Tech Community Corp. says the three-year grant sets the stage for...

    • Holcomb Names Workforce Council Chair

      Governor Eric Holcomb has made some leadership changes within his administration. The governor has selected Danny Lopez, who currently serves as his deputy chief of staff, as chairman of the new Governor's Workforce Council.

    • IoT Lab Opens With Eyes on Future

      The founder of the Indiana IoT Lab says the innovation and collaboration space is focused on an industry that will "future-proof" Hoosier businesses. John Wechsler says companies that are dialing into the Internet of Things are playing in a sector that is forecast to grow to $2.2 trillion. The facility Wednesday night hosted more than 700 at a grand opening event. Wechsler said some of the state's trademark industries will be "radically affected" by...

    • (photo courtesy Tow Yard Brewing Co.)

      Tow Yard Brewing Looking For Buyer

      Tow Yard Brewing Co. in Indianapolis is looking for a new owner. The company, which filed for Chapter 11 bankruptcy protection in January, plans to auction off all of its equipment at a court-ordered auction next month, unless a buyer comes forward to acquire the brewery. 

    • Toyota Supplier Planning Growth in Princeton

      Princeton-based Vuteq USA Inc. has announced plans to build a new facility in Gibson County. The Gibson County Economic Development Corp. has confirmed to Inside INdiana Business the company, which makes components for Toyota vehicles, will invest $27 million to construct a new support center and plant, which would employ 400 people by 2022. Vuteq currently has a plant located just north of Toyota Motor Manufacturing Indiana in Princeton.