INDIANAPOLIS — Recently, city officials and the Department of Metropolitan Development announced a redevelopment plan for the City Market campus Wednesday.
Gershman Partners and Citimark will partner with the city to redesign the east wing of City Market into the City Market Campus. The proposal, costing $175 million, will create over 400 units of housing, green space, pedestrian and cycle infrastructure, and upgraded office space. Retail space will also be blended into the project. Once completed, the City Market Campus will hold the highest density of any block in the state of Indiana.
The Original Farmer’s Market and the Bike Hub will remain the space, as well as public space outside.
The east tower of City Market will be demolished to be replaced with an 11-story, 60-unit family living space. The tower will also include 8,000 square feet of office space and 22,000 square feet of retail space.
Gershman Partners called for redeveloping the office space at 151 Delaware St. into a 350-unit multi-family housing tower. Altogether, that would make the project the highest density housing block in the state.
About $52 million will be spent to improve the office space and parking garage at 251 E. Ohio St. and Wabash Alley. The proposal includes design upgrades, along with a new parking payment system and security measures.
The Department of Metropolitan Development and Gershman Partners will propose public financing measures for the project later this year. The plan is to start construction during the first half of 2023.