Vision Indiana University’s Biotechnology & Research Training Center (BRTC) Located in 16 Tech, the BRTC is a modern 83,000 sf research facility for Cellular Imaging, DNA Sequencing, Proteomics, Gene Expression, Protein Expression, Flow Cytometry and BioInformatics. To accelerate the growth of a commercial district focused on high technology businesses and translational research that complements the adjacent academic, medical research and clinical practice concentrations and provides a setting where residents can live, work, play and learn in downtown Indianapolis near 900-acres of parkland and a nexus of innovation & research. Objectives • Attract research, contract service providers and hi-tech companies to downtown Indianapolis. • Primary Sectors: Biotech, Health IT, Motorsports • Secondary Sectors: Information Technology, Clean Energy • Generate knowledge-based jobs and augment the Indianapolis workforce. • Enhance the natural synergy & encourage collaboration between public universities and private sector companies. • Create an example of progressive urban revitalization: sustainability- focused redevelopment that simultaneously creates a work, live, play & learn community. • Create new business opportunities for Indianapolis companies. • Generate benefits in science, engineering & technology discovery that go beyond economic development and job creation. Strategic Location Non-profit medical/academic complex Non-profit medical/academic complex Strategic Location IU HEALTH 16 Tech NEUROSCIENCE CENTER OF EXCELLENCE ROUDEBUSH WISHARD IU HEALTH VA MEDICAL MEMORIAL RILEY HOSPITAL IU HEALTH METHODIST CENTER HOSPITAL for CHILDREN at ACADEMIC HOSPITAL IU HEALTH HEALTH CENTER INDIANA UNIVERSITY PURDUE UNIVERSITY IU HEALTH HQ & NATIONAL INSTITUTE IU INCUBATOR INDIANAPOLIS (IUPUI) for FITNESS & SPORTS (NIFS) MILITARY PARK NCAA $1.5 Billion+ in Private & Public Sector Projects Planned or Already Underway Within or Nearby 16 Tech’s Boundaries Private Sector Catalyst Project: Sidney and Lois Eskenazi Hospital 16 Tech Investment: $754 Million Completion: August 2013 Private Sector Catalyst Project: IU Health’s Neuroscience Center of Excellence Investment: $120 Million Completion: Spring 2012 Private Sector Catalyst Project: Michael A. Evans Center for Health Sciences Investment: $75 Million Completion: August 2013 Boundaries Marian University - 2 miles Indianapolis Motor Speedway - 2 miles Catalyst Projects 16TH STREET HARDING ($1,600,000) ($700,000) PRIORITY 1: INDIANA AVENUE ($2,700,000) BUSH STADIUM REDEVELOPMENT PHASE ONE APTS HERRON SCHOOL OF ($23,000,000) ART EXPANSIONI ($3,000,000) TRINITAS WATERWAY MIXED USE NEW BOULEVARD ($30,000,000) RESIDENTIAL ($1,400,000) DEVELOPMENTS $70,500,000 WHITE RIVER TRAIL IMPROVEMENTS ($250,000) BUCKINGHAM MIXED USE 10TH STREET STUDY ($20,500,000) RebuildIndy: Indiana Ave. Investment: $3 Million Commenced: September 2011 Completion: Summer 2012 Helix Park Provides central public space that incorporates sustainable storm water management, pedestrian space, public art and attractive frontages for planned development Master Plan th 16 & White River Central 16th & Fall Creek Gateway 3 3 Bush Square Gateway Stadium 1 Indiana Ave. Improvements + Technology Trail Redevelopment 1201 Indiana Opportunity 1 Technology Pedestrian Mall White River Blvd Helix Enhancements Park 2 Elements Park 2 The Avenue Development Phasing 1. City/Develop Indy influenced represents 400,000 sf 2. IU influenced represents 600,000 sf 10th Street Enhancements 3. Longer Range includes an additional 2-300,000 sf + Fall Creek Bridge Site Prep/Development Bush Stadium 121,000sf Citizens Energy Water Company Parcel 265,500sf Indiana University Parcel 320,500sf Private Sector Catalyst Project: Herron School of Art Addition Investment: $3 Million Completion: Spring 2012 Rendering Courtesy of Ratio Architects Private Sector Catalyst Project: 1201 Indiana Avenue Investment: $27 Million Completed: AugustRendering 2011 Courtesy of Ratio Architects Private Sector Catalyst Project: The Avenue Investment: $20.5 Million Completion: Dec 2011 Rendering Courtesy of Ratio Architects Private Sector/City of Indianapolis Catalyst Project: Bush Stadium Investment: $23 Million Completion: August 2013 Rendering Courtesy of Ratio Architects Private Sector/City of Indianapolis Catalyst Project: Bush Stadium Stadium Lofts: 136 Units Stadium Flats: 132 Units Rendering Courtesy of Ratio Architects THANK YOU! Michael Huber Deputy Mayor for Economic Development City of Indianapolis Nancy Langdon 16 Tech, Executive Project Director Develop Indy [email protected] Terry Sweeney Vice President, Real Estate Development Indianapolis Downtown Inc. [email protected].