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$120 million project will transform former Marion County Jail into loft housing, retail space

Construction is set to begin next year.

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.

RELATED: Indianapolis requesting proposals for 2 major downtown redevelopments

"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.”

RELATED: Downtown jail, mall under consideration for residential development in Indianapolis

Construction is set to begin in 2023.

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