INDIANAPOLIS — 1820 Ventures' Cole Motor Redevelopment has won the bid to revamp the old Marion County Jail and Arrestee Processing Center.
The $120 million project will transform the building into loft housing and retail space.
The project will also add a concert and event center to the building.
More than 100 apartments are planned, along with restaurants and other retail business.
"The Cole development is a prominent front door to the city of Indianapolis and a vital connector between central downtown and our eastside downtown neighborhoods, this is an engaging area where locals and visitors participate in the story and economy of downtown," said City-County Councilor Zach Adamson.
“These redevelopments represent a monumental opportunity to define the next era of downtown Indianapolis,” Mayor Joe Hogsett said when the projects were proposed. “It is no secret that COVID-19 has created unique challenges for downtown districts around the country. However, with strategic investments in housing, retail and public spaces, we can build a more resilient urban core.”
Construction is set to begin in 2023.
What other people are reading: