INDIANAPOLIS Urban Land Institute East Central Regional Product Council June 4-5, 2018 1 WELCOME TO INDY 2 ABOUT THE RPC Regional Project Councils A Regional Project Council (RPC) provides a multi-disciplinary forum for information exchange and the sharing of best practices among mid- and senior-level members who work in a particular industry sector. Members will have the chance to interact with like-minded professionals in the ULI East Central Region (ULI District Councils in Cincinnati, Cleveland, Columbus, Indiana, Kentucky, and Pittsburgh). Regional Product Council Topic The ULI East Central Regional Product Council 2.0 will focus on Public/Private Partnerships in Mixed-Use Development. The urban core has become an increasingly attractive location choice in each of the ULI East Central Region District Council areas. RPC discussions will center on how current demographic shifts and preferences for an urban, walkable environment will affect development patterns. These patterns include infill development, adaptive reuse of historic and obsolete buildings, and creative urban housing, retail, and mixed-use developments — even in traditional suburban settings. Member Expectations • Open, honest exchange of specific information and experience: Members participate openly and honestly, sharing specific, detailed information and experience from their real estate practice. • Confidentiality: Confidentiality is the foundation for open and honest sharing of detailed information and experience. • No self-promotion: Presentations and discussions are aimed at delivering real take-home value. • Recruit the best and the brightest: Innovative leaders, both ULI members and nonmembers, are invited to participate as guests. Members identify ways to continually add value to the conversation and make an impact on the community. • Active participation and contribution: Because each RPC member will be chosen based on his or her unique background and experience, members are expected to be active participants and contributors in all RPC discussions. ULI East Central RPC Contacts Paul Beegan Sean Suder ULI Cleveland ULI Cincinnati [email protected] [email protected] Louis Oliverio Jim Goggan ULI Pittsburgh ULI Indiana [email protected] [email protected] Jane Arthur (co-champion) Joe Reidy (co-champion) ULI Columbus ULI Colmbus [email protected] [email protected] Greg Jacoby (co-champion) Sean Northup (co-champion) ULI Indiana ULI Indiana gjacoby.bdmd.com [email protected] 3 REGIONAL TOUR MAP DAY 1 ROUTE TOUR STOPS DAY 2 ROUTE TOUR STOPS HOTEL ON THE DRAWING BOARD SPEEDWAY TARKINGTON DOWNTOWN PARK 1 SPEEDWAY 1 IU ACADEMIC HEALTH CENTER NEAR NORTH CENTRAL 6 REDEVELOPMENTS GREENS 16 TECH 2 C WORLD CONNECT 5 @ IND F MARKET EAST DISTRICT 7 B GM STAMPING PLANT BOTTLEWORKS REDEVELOPMENT A CONRAD CRIMINAL JUSTICE CENTER 4 D MIDTOWN REDEVELOPMENT 2 CARMEL NICKEL PLATE DISTRICT CARMEL LAUNCH FISHERS 3 THE YARD FISHERS E THE COIL FISHERS 3 BROAD RIPPLE LAWRENCE LAWRENCE VILLAGE AT THE 4 FORT 5 DAY 1 ITINERARY MONDAY, JUNE 4, 2018 12:00 Noon Optional Pre-Meeting in Speedway, Indiana Dawson’s on Main (1464 Main St., Speedway) • Tim Gropp, Economic Development Director • Speedway Redevelopment Commission Member 1:30-3:00 p.m. Behind the Scenes Indianapolis Motor Speedway Tour Indianapolis Motor Speedway Museum (4790 W. 16th St., Indianapolis) • Media Center, Pagoda, and Victory Podium 3:30 p.m. Depart Speedway to Downtown Indianapolis • Driving Tour of Central Greens 4:00 p.m. Hotel Check-in Available Conrad Indianapolis (50 W. Washington St., Indianapolis) 5:30 p.m. Guests travel to Broad Ripple Village • Uber or personal vehicle • Parking available on street or in Broad Ripple Garage, 6280 N. College Ave., Indianapolis 6:00 p.m. Broad Ripple Village Walking Tour The Coil (6349 N. College Ave., Indianapolis) 6:30 p.m. Dinner Canal Bistro (6349 Guilford Ave., Indianapolis) • Colleen Fanning, Indianapolis City-County Council • Scarlett Martin, City of Indianapolis Mayor’s Office • Corrie Meyer, Innovative Planning LLC (formerly Carmel Redevelopment Commission and Reconnecting to Our Waterways) 6 DOWNTOWN 1 SPEEDWAY 1 Photo credit: DkGr LLC 2 3 Photo credit: Indianapolis Motor Speedway Photo credit: American Structurepoint This optional first stop allows you to visit projects have helped draw foot traffic to Downtown Speedway storied Indianapolis Motor Speedway downtown Speedway, especially outside (4790 W. 16th St.) as well as learn about new of race days. New breweries, restaurants, Crawfordsville Rd. Indianapolis private development and public infrastructure shops, and even Italian-based Dallara’s P&E Trail Motor Speedway projects in adjacent downtown Speedway. engineering center (maker of IndyCar 1 chassis) have located to the corridor. The Town of Speedway embarked on N. Auburn St. N. a revitalization effort in 2005 with the Construction on the largest redevelopment W. 16th St. creation of the Speedway Redevelopment project to hit Speedway began in 2018. 2 Commission. The adopted Speed Zone The Wilshaw, a $37 million investment, Master Plan identified 400 acres of will include a 150-room hotel, 90 luxury W. 15th St. prime redevelopment land. Although apartments, parking garage, and 14,000 SF 3 comprehensive in its scope, key themes of retail space. Indianapolis-based developer W. 14th St. emerged: spurring economic development Loftus Robinson is leading the effort. and improving transportation infrastructure. In anticipation of the 100th running of W. 13th St. Completed in 2011, Speedway’s Main Street the Indy 500 in 2016, Indianapolis Motor Main St. was reconstructed with $10 million in public Speedway invested $100 million into facility W. 12th St. funding. The project included repaving, upgrades. Dubbed “Project 100,” the effort Gilman St. added street parking, underground utility included aesthetic and safety enhancements. replacement, sewer separation, signage, sidewalks, a protected bike lane, and W. 11th St. B&O Trail decorative street elements. Key Ford St. Main Street’s transformation has leveraged millions in private commercial/retail and Highlighted Projects W. 10th St. manufacturing investment throughout the corridor. Further, a 1.3-mile segment Landmarks of the P&E Rail-Trail was completed in Allison Transmission 2014, connecting the Crawfordsville Rd. Multi-Use Trails Cossell Rd. W. commercial corridor with Main St. These 7 CENTRAL GREENS 2 INDIANAPOLIS 1 2 Photo credit: Compendium Group Photo credit: Indianapolis Business Journal 3 Photo credit: Infrastructure Engineering Inc. Central Greens (202 Steeples Blvd.) is Homes announced it would build 40 single- Central Greens a 150-acre redevelopment of the former family homes and 20 townhomes in a $15 Central State Hospital campus, which closed million development called 58 Bahr. in 1994. W. Vermont St. Institutional anchors were another In 2004, the City of Indianapolis purchased important component in Central Greens’s 2 Seven the property in an effort to kickstart redevelopment. Christel House Academy Steeples Max Bahr Farm Park development. The total $72 million project West, a tuition-free K-5 charter school, was Ave. N. Warman has included the renovation of historic established in 2014. A new track and field buildings and construction of multi-family facility managed by the City of Indianapolis Medical History and single-family homes, a senior living Parks Department was created through Museum Retreat on Washington community, parks, and institutional uses. CDBG funds and a grant from the NFL. The Senior Living Indianapolis Metropolitan Police Department IMPD In 2011, Carmel-based Pedcor began (IMPD)’s Mounted Horse Patrol is also Mounted construction on a 144-unit affordable headquartered on site. Horse Patrol Kirkbride Way apartment complex with the help of federal Central State Mansion tax credits. A 62-unit senior housing facility Seven Steeples Farm, opened in 2014, 58 Bahr Central planned followed. Indianapolis-based Reverie Estates offers 4-acres of urban agriculture in Central State Track renovated some of the existing historic Greens. Seven Steeples’s gardens provide and Field 3 structures into micro-offices, apartments, and up to four tons of healthy food to residents Steeples Blvd. Charter School an events center. annually, with produce sold each Saturday. N. Tibbs Ave. 1 In 2017, South Bend-based Holladay Today, about 27 acres remain on the property The Villages at Central State The Steeples Properties partnered with Indianapolis-based for redevelopment. IndyGo’s planned on Washington Compendium Group Inc. to construct 15 Blue Line Bus Rapid Transit (BRT) route single-family homes and four townhomes. anticipates a station on W. Washington St. at W. Washington St. In April 2018, Columbus, Ohio-based M/I Central Greens by project-end in 2022. 8 THE COIL 3 BROAD RIPPLE VILLAGE 1 Photo credit: Indy Midtown Magazine 2 3 Photo credit: Browning Investments Photo credit: Buckingham Management, LLC Long known as Indy’s nightlife neighborhood, construction is ongoing on the $18.9 million Broad Ripple Village Broad Ripple Village has been turning a River House, a project that will feature 105 page in recent years to accommodate more apartment units and 5,000 SF of retail space. residential density and daytime business. The building will be the tallest in Broad The Broad Ripple Village Association’s Ripple at six stories and feature views of the Monon Trail 2012 Envision Broad Ripple Plan has White River and Central Canal. Indianapolis enabled redevelopment