Vacant property on the east side of Indianapolis that once housed a massive Navistar manufacturing plant is now marked for revitalization. Indy-based Ambrose Property Group says it will turn the former 90-acre industrial site into a new manufacturing and logistics complex.
APG paid $8.2 million for the property.
“For many years, this industrial property was a centerpiece of Indianapolis’s east side neighborhoods,” said Grant Goldman, Ambrose executive vice president of development. “We look forward to the opportunity to redevelop the site as a hub for manufacturing and logistics businesses that brings new life into a site that has sat vacant for the last five years.”
Illinois-based Navistar International Corp. closed the plant in 2015, after having employed thousands of Hoosiers. The former engine block foundry was demolished in 2018.
Ambrose says the property, which will be called Indianapolis Central Logistics Park, is ideally positioned as it is just two miles from I-465 and I-74. The developer intends to construct Class A buildings on the site.
“More than that, it will bring new jobs and economic opportunities to the residents of the east side,” said Goldman. “It is our goal to be great partners to the surrounding neighborhoods of Irvington, Christian Park and Glenroy Village, and we look forward to revitalizing this site both with and for them.”
Construction is set to begin in late 2020.