Bottleworks Moving Ahead with Phase Two
(rendering courtesy of Hendricks Commercial Properties)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe developer of the Bottleworks District in downtown Indianapolis is moving forward with the project’s $100 million second phase. Our partners at the Indianapolis Business Journal report ground will be broken next summer on the project, which will include about 250,000 square feet of space, mostly for office use.
Wisconsin-based Hendricks Commercial Properties, which is developing the project, says original plans for the second phase called for about 60 apartment units, but increased demand for office space led to a change.
“We’ve been pleasantly surprised with the amount of office interest we’ve had—it’s kind of been counterintuitive from the narrative that’s out there more globally about what the workplace looks like post-pandemic,” Gavin Thomas, vice president of development for Hendricks, told the IBJ. “I think a lot of these companies are looking at where they want to be long-term, and we’re fortunate that a lot of them are looking at Bottleworks.”
The second phase will feature a six-story, 140,000-square-foot building and another 90,000-square-foot building. The developer also plans to double the size of the Bottleworks parking garage to about 550 spaces.
You can read more about the project from the IBJ by clicking here.