Indy Issues RFI for City-County Building Reuse
(photo courtesy of American Structurepoint)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe city of Indianapolis has issued a Request for Information as it looks for ideas to repurpose the City-County Building. The RFI comes ahead of a big change as about 50% of the building’s workforce will move to new Community Justice Campus early next year.
The city says the RFI is designed to create a better understanding of market demands, design potential, land use opportunity, and community support. Plans for the 27-story, nearly 735,000-square-foot building, which was built in 1962, could include residential or mixed-use space.
“The potential redevelopment of the CCB will be transformative for downtown Indianapolis as a whole and the Market East District,” the RFI says. “Overall, this project must add to the vibrancy and diversity of downtown, Indy’s fastest growing residential neighborhood.”
In addition to the RFI, the city released the results of two assessments of the property, each of which show the need for more than $30 million in repairs and changes if the building were to be repurposed for different uses.
Indy-based American Structurepoint Inc. estimates the cost of needed maintenance, repairs and replacements to be more than $13 million. That figure, combined with the changes needed to adapt the building for reuse would cost about $30 million.
Chicago-based Environmental Design Inc.’s assessment shows a minimum cost of more than $35 million to get the building’s mechanical, electrical, plumbing, and fire protection systems up to code. An additional $17 million would be needed to upgrade the building’s air distribution system for future tenant leasing.
You can connect to the RFI and view the assessments by clicking here. For more on the project from our partners at the Indianapolis Business Journal, click here.