A nearly 130-year-old building in downtown Terre Haute is set to be transformed into a West Central Business Hub. The Tribune-Star reports the former Hulman & Co. building, when complete, will include offices for the Terre Haute Chamber of Commerce, Launch Terre Haute, and the Terre Haute Economic Development Corp., among others.
The project received a $500,000 grant from the Regional Economic Acceleration and Development Initiative earlier this year, which is being matched with local funding.
Brian Kooistra, executive vice president of Gibson Development Inc., told the publication bidding on the project will begin in January, with construction set to commence in February.
The chamber and the Launch Terre Haute coworking space will be located on the first floor, while the Terre Haute Economic Development Corp., Terre Haute Redevelopment Department, the Terre Haute Metropolitan Planning Organization and Western Indiana Workforce Investment Board Inc. will occupy the second floor.
“The idea is to get everything under one roof to really make things easier for businesses to seek those resources, and it’s a model that has been proven in other locations, such as Evansville and Fort Wayne, among other locations,” Kooistra told the Tribune-Star.
The building was acquired by Terre Haute businessman Greg Gibson in June 2020 for an undisclosed amount. It has a total of 150,000 square feet and the additional five floors will be considered for future office or residential development.
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