Old GM Site Developer Envisions '20 Minute Neighborhood'

Posted: Updated:

If you're looking for the story titled "Master Plan Lays Out $1B Purdue Discovery Park District," please click here.

INDIANAPOLIS - Developers of the former General Motors Stamping Plant site near downtown Indianapolis say the 103-acre property is unlike any in the world. Ambrose Property Group Senior Vice President Andrew Greenwood says the uniqueness of the site offers a blank canvas to create a major, urban mixed-use development that will be a first class destination. "We looked internationally, we looked nationally we looked at Indiana and there's nothing that compares," said Greenwood. "Nowhere else in the world can you find 100 acres right next to the river that's in a major metropolitan city."

In an interview on Inside INdiana Business with Gerry Dick, Greenwood talked about creating a "20-minute neighborhood" on the site.

Ambrose closed on the purchase of the former GM site April 9 and says infrastructure work in advance of phase one of the $550 million project will begin this year.

The Indianapolis-based firm is already meeting with neighborhood groups and arts organizations to gather input that that will help shape the development.

"Community engagement has been a priority for Ambrose since the very beginning," said Mali Simone Jeffers, Director of Marketing and Community Initiatives. "We're committed to listening to the surrounding neighborhood, The Valley, the neighborhood closest to the site, and collaborating and sharing information now and throughout the duration of the project."

Ambrose has said its initial vision for the site includes some 2.7 million square feet of residential, office, commercial and retail assets that could take 15 years to fully develop.

The site is also viewed by many as a prime property in Indianapolis' bid to land HQ2, Amazon’s $5 billion second headquarters project. "What an exciting opportunity for Indianapolis and really for the state of Indiana," said Greenwood. "Right now it's a little premature and so what we're really looking forward to is collaborating with a focus on making this site a world class destination."

View the full interview:

  • Perspectives

    • Want Your Startup to Move Faster? Use Two Military Strategies

      Speed is everything at a startup. So is discipline. By that, I mean the discipline to stay focused on the most important objectives, to do the late nights and early mornings when we don’t want to do them, and to see the results of our work as objectively as possible. It’s not easy, especially when speed and discipline often seem at odds. We think about this a lot here at Powderkeg. How do we move as fast as possible while remaining as disciplined as possible? We recently...

    More

Subscribe

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

Events



  • Most Popular Stories

    • Infosys Hub to 'Reskill' Workforce

      India-based Infosys, which today broke ground on a $35 million U.S. Education Center in Indianapolis, says the campus is focused on preparing the American workforce for the technology jobs of the future. "Continuous learning and reskilling are core components of Infosys' DNA," said Chief Operating Officer UB Pravin, adding the company will use the facility on the former Indianapolis International Airport terminal site to train 10,000 new American hires.

    • 'Proven Leaders' to Head New Two-Year College

      Marian University has named Jeffrey Jourdan executive director of Saint Joseph's College of Marian University - Indianapolis, its new two-year institution. Michael Nichols will serve as associate director and dean of SJC@MU. In October, Marian and Saint Joseph's College in Rensselaer detailed a partnership to launch the school near Marian's Indianapolis campus. St. Joe suspended operations in 2017 after massive debt responsibilities forced the school into an attempted rebirth.

    • Renovations Coming to Edinburgh Premium Outlets

      Renovations are coming to Edinburgh Premium Outlets as plans have been announced by Indianapolis-based Simon Property Group Inc. (NYSE: SPG). Construction is set to begin this fall. The multi-million dollar plans include an archway sign, two new courts visible from I-65 on the east side of the property and a food truck plaza on the southwest corner.

    • Makerspace, Design Center Coming to Fishers

      A planned design center and makerspace in Fishers will target what its founder calls a "labor crisis" in the home building and design industry. David Decker says the $14 million Hub and Spoke will have showroom, office and warehouse space for member companies along with what he calls a one-of-a-kind makerspace for hobbyists, entrepreneurs and students. He says the makerspace will serve as a "shop class on steroids" and offer equipment including...

    • Infosys to Break Ground at Airport Site

      State and local officials will Friday break ground on a new U.S. Education Center for India-based Infosys. The company is initially investing $35 million to transform more than 70 acres of the former Indianapolis International Airport terminal site into a training center and 250-person residential facility totaling 125,000 square feet.