INDIANAPOLIS — The Lauth Group Inc. has acquired the former Ford Visteon campus on the east side of Indianapolis and plans a $175 million, multi-tenant industrial park for the site.
Dubbed the Thunderbird Commerce Center, the project will be a joint venture between Lauth and Covington Group Inc. When completed, it is expected to have 2 million square feet of industrial space at the former 148-acre plant at 6900 English Ave., just west of Shadeland Avenue.
The project will include revamping a former brownfield to accommodate up to five buildings, and work is likely to begin as soon as possible. Besides industrial space, there will be a large parking lot for employees, potentially a warehouse space, and some office space.
The site is located in the Brookville Road Industrial Corridor and Irvington Plaza Economic Development Area, which was created in 2019 to encourage developers to revitalize ailing or underdeveloped properties. It is also in an Opportunity Zone.
Ford close the Visteon property in 2011. At one time, it employed over 2,000 people at its peak production.
Ambrose Property Group has begun redevelopment on the former Navistar site, southwest of the Visteon property into a new industrial park.
