Another business is planning to locate in Speedway’s Main Street District. Wilcox Environmental Engineering Inc., currently based in Indianapolis, says it will move into the historic Rosner building. The property is being redeveloped by Indianapolis-based Paradigm Real Estate Investments, which is pumping $2.5 million into the project.
The property is located at 16th and Main Street, close to the Indianapolis Motor Speedway. Construction is slated to begin soon and be complete in December. Wilcox says it will be the building’s biggest tenant. The first floor is available for lease by Paradigm.
The firm says the new office will help it draw talent as business continues to grow. "With our ongoing need for additional staff, we anticipate this new facility and location will be an attractive incentive for candidates to join the Wilcox team," said President Chris Bonniwell. "Wilcox’s success is driven by our talented people, and we are excited to be able to provide them a new facility commensurate with their talent, located in an equally dynamic area."
Redevelopment Commission member Allison Duncan says "Speedway is experiencing significant momentum, and this announcement is another great example. We’ve created an atmosphere appealing to talented professionals, and Wilcox is taking advantage of the opportunity to attract these potential employees."
Wilcox currently has more than 50 workers in Indianapolis, Evansville, Fort Wayne, the Michiana Region, Ohio and Wisconsin. It plans to add 10 or more hires before moving into the new headquarters. Wilcox has Investigation and Remediation, Air Analysis and Industrial Compliance divisions and serves clients in over 15 states.
Paradigm Real Estate Investments is leading the renovations of the 16,000 square-foot building.
Speedway Town Manager Ian Nicolini says "the Rosner building has an impressive history and was an anchor on Main Street for generations. So, when a company as highly regarded as Wilcox chooses to be a partner in redevelopment, bringing highly skilled professionals with them, we knew right away this project would be an economic anchor for generations to come."
The district has undergone a major revitalization in recent years. Most recently, the town welcomed a new Juncos Racing Team headquarters, Speedway Indoor Karting and soon, the second Big Woods Brewing location. Those developments add to other including the Dallara INDYCAR facility, the new Daredevil Brewing Co. tap room and headquarters, a Foyt Racing team office and the home of Ed Carpenter Racing, which used to be Carpenter Fisher Hartman Racing before recent ownership changes.
A groundbreaking ceremony is slated for May 17.