IDI Development Guide

Downtown D e v e l o p m e n t

2009

I n d I a n a p o l I s

page 2 Indianapolis Downtown Development 2009 visit our web site: www.indydt.com

Downtown Indy’s dynamic skyline

InDIAnApolIS DowntownInvest Downtown. Locate Downtown.

Indianapolis downtown, Inc. (IdI), provides services and promotes public/private collaborations and partnerships to:

■ ensure the success of Downtown through development, management and marketing.

■ Assist businesses with market information, site selection, government relations, resources, approvals and openings.

■ Address ongoing operations.

“ For years, Indianapolis bore the stigma of nicknames like nap town and Indiana no place. But in the 1990s, construction and development downtown seemed to wake the city up, and today, a thriving cultural scene mixes with Hoosier hospitality and charm.”

— The New York Times

“ … you can share the delight … in this crossroads city for the almost breathtaking, tangible success of a revitalization program the likes of which most other older cities are lucky to get to the blueprint stage.”

— Los Angeles Times

take advantage of Downtown’s central location, its access to customers and work force, and its prestige and visibility.

see why businesses flourish … and downtown Indianapolis keeps growing. Contact us at (317) 237-2222 or www.indydt.com.

Top 5 reasons to invest in and locate downtown1 Growing, successful Downtown with thriving businesses

and access to talented work force

2 Strong corporate base, anchored by Fortune 1000 companies, large employers, government and a healthy office market

3 Robust and expanding convention, hospitality and entertainment market

4 Rapidly expanding residential base

5 excellent amenities and quality of life

Indianapolis Downtown Development 2009 page 3visit our web site: www.indydt.com

Mayor Ballard welcomes you

TaBlE oF ConTEnTspage

4-5 pRoJECT pIpElInE Benefits from $7.5 billion of recently completed projects and a pipeline of nearly $2 billion in new projects by 2011 fuel a successful, growing Downtown.

6 MaRKET sTaTIsTICs Discover easy access to the region’s 1.8 million residents with an average household income of $67,000.

7-8 oFFICE MaRKET Downtown is Central Indiana’s premier office center, anchored by three Fortune 1000 companies.

9 RETaIl MaRKET Downtown has a thriving retail market anchored by Circle Centre (which is managed by Simon property Group) and over-achieving, nationally-recognized restaurants.

10-12 VIsIToR and ToURIsM BUsInEss Robust and expanding convention, sports, cultural and hospitality businesses create a larger customer base and exciting destinations.

13 REsIdEnTIal MaRKET By 2020, the rapidly expanding Downtown residential base will grow to 40,000.

14-15 QUalITY oF lIFE

excellent amenities attract people from all over Central Indiana to live, work and play Downtown.

Indianapolis is a thriving city with a bright future. Our community offers a unique mix of urban amenities and small-town character — something that keeps us consistently ranked

among the best places to live and work.

Our city is home to some of the world’s most innovative, successful companies, and while Indianapolis has long been known as the “Crossroads of America,” we also are emerging as the

BioCrossroads of America. From our many life sciences headquarters and research institutions to the start-up businesses that now are growing here, Indianapolis is becoming a leader in the life sciences industry.

At the heart of Indianapolis’ success is its vibrant Downtown, which is experiencing tremendous growth as a commercial center, entertainment destination and residential

neighborhood. It is home to many cultural attractions and now features the country’s premier sports facility, Lucas Oil Stadium. Nearly $2 billion in new Downtown projects will be completed by 2011 as growth and investment continue.

Downtown Indianapolis is the economic engine of our city and region, and our community is always working to make our Downtown even better. The City of Indianapolis and Indianapolis Downtown, Inc., are proud to present this development packet as a valuable resource. We hope you take advantage of all Indianapolis has to offer.

Sincerely,

Gregory A. BallardMayorCity of Indianapolis

Indianapolis mayor Greg Ballard

Greetings

white RIver State park

photo Credits by page:Cover: Indianapolis Downtown, Inc. Page 2: Indianapolis Downtown, Inc. Page 3: Indianapolis Downtown, Inc., City of Indianapolis Page 4: Conrad Indianapolis, Indianapolis Downtown, Inc., Simon property Group, Circle Centre Page 5: Indianapolis Downtown, Inc., Indiana University – purdue University Indianapolis, Indianapolis Downtown, Inc. Page 6: Harold miller, Kevin Foster Page 8: wellpoint, Inc., eli lilly and Co., Drew endicott, Indiana University – purdue University Indianapolis Page 9: Harold miller, Indianapolis Downtown, Inc. Page 10: tom Strattman, Indianapolis Convention & visitors Association, national FAA Page 11: Kevin Foster Page 12: Indiana pacers, Indianapolis Colts, Bill Gentry, wnBA Indiana Fever, Indianapolis Downtown, Inc. Page 13: Indianapolis Downtown, Inc. Page 14: Indianapolis Downtown, Inc., Indianapolis Convention & visitors Association Page 15: Indianapolis Downtown, Inc., Indianapolis Convention & visitors Association, Indiana University – purdue University Indianapolis Back: leigh Hedger


numerous projects completedSignificant public and private investments have transformed Downtown Indianapolis, reflecting the commitment by both sectors to Downtown’s success and the recognition of Downtown as the heart of a thriving Central Indiana region.

Since 1990, 400 projects worth more than $7.5 billion have been completed Downtown — an average of more than $455 million of new investment each year for the past 17 years.

Major projects include:lucas oil Stadium $719.6

Circle Centre $307.5

Chase tower $180

Indiana University melvin and Bren Simon Cancer Center $153.6(IU Simon Cancer Center)

Indianapolis-marion $142.7 County Central library

Indiana State museum $105

marriott Hotel $103

Conrad Indianapolis Hotel $100

nCAA Headquarters and $60 Hall of Champions museum

Simon property $55 Group headquarters

IUpUI Campus Center $50

Anthem operations $33.6Center (wellpoint)

project pipeline

moRe tHAn $7.5 BIllIon In CompleteD pRojeCtS AnD neARly

$2 BIllIon In tHe pIpelIneCommitment to vibrant Downtown, larger customer base

project type amount (in millions)

Attractions $1,622.05

Corporate/office $2,621.05

education $226.19

Facilities/services $132.75

Hotels $447.90

Infrastructure/streetscape/ $73.5transportation

medical $1,491.07

parking $159.75

Residential $442.14

Restaurants $50.05

Retail $320.27

Total $7,586.70

1-million-sq.-ft. Chase tower

Simon property Group world headquarters

800,000-sq.-ft. Circle Centre

Conrad Indianapolis was named at the top of the charts by Condé nast travelers Gold list, which features the best hotels worldwide

source: IDI project list Fourth Quarter 2008

amount (in millions)


“ the City of Indianapolis has evolved into a growth dynamo, setting standards of excellence for urban renewal and economic development.”— Nation’s Cities Weekly

expansion management listed the Indianapolis metropolitan Statistical Area among the “top 50 hottest cities in the nation.” Indianapolis is recognized for having a low cost of doing business, a quality work force and a strong economy. the annual list is compiled from the results of a survey sent to site consultants and industry experts throughout the country.

— Expansion Management, Feb. 2007

Cosmopolitan on the Canal will house 218 apartments and 20,000 sq.ft. of retail space

the 405,000-sq.-ft. IU Simon Cancer Center

the 1,600-room jw marriott complex

source: IDI project list, Fourth Quarter 2008

the impressive pipeline will grow the Downtown market and build a larger customer base. 2009 began with 62 projects worth nearly $2 billion in the pipeline. An average of more than $530 million worth of projects will be completed each year through 2011.

new projects

project pipeline

This pipeline includes 8 projects:

jw marriott complex $425 Indiana Convention Center expansion ($275 million) $275

Riley Hospital phase v $266

west merrill towers $88

Indianapolis Cultural trail: A legacy of Gene & marilyn Glick $50

Allen plaza $14 Cosmopolitan on the Canal $37

Indiana experience at the Glick Indiana History Center $24

(in millions)


Market statistics

primary trade areadowntown

127,000 office workers

more than 20,000 residents

800,000 convention delegates annually

45,000 higher-education students

$59,500 average salary of Downtown residents

Central Indiana

1.8 million residents

712,000 households

$67,000 average household income

” Indianapolis had the highest rate of job growth of 25 major metropolitan areas in the midwest. Between 1995 and 2005, total employment in the Indianapolis region increased by 17 percent, outpacing the national job growth rate.”

— The Brookings Institution, washington, D.C., july 27, 2006

sources: Indianapolis Regional Center plan 2020 Indianapolis Convention & visitors Association

2008 IDI Downtown economic Indicators City-data.com 2004, referred by Stats Indiana Simon, pitney Bowes mapInfo 2007

oFFICe woRKeRS, ReSIDentS AnD vISItoRSAccess to large customer base with high disposable income

Downtown Indianapolis has easy access to millions of customers with significant disposable income. Access to these customers has created a flourishing Downtown with many successful corporate, restaurant and retail businesses.

Tertiary trade areaClose proximity to Chicago, Cincinnati, Cleveland, Detroit, louisville, nashville and St. louis

75 percent of the nation’s population within a day’s drive

new $1 billion terminal at Indianapolis International Airport serves 8.2 million passengers and transports 1.2 million tons of cargo annually.

secondary trade area6.3 million residents

2.3 million households

“ Indianapolis is 10th in the nation when it comes to the production of fast-growth, super-achieving companies. Indy has had 88 companies on past lists. the city’s strong transportation system, low real estate prices and family-friendly atmosphere make Indianapolis appealing to entrepreneurs.”

— Inc. Magazine, August 2006

86 percent of Central Indiana residents have visited Downtown in the past six months, logging an average of three visits per month.

the average household income of Central Indiana residents who visit Downtown is $71,620.

Central Indiana residents spend an average of $73 per downtown visit.

80 percent of Central Indiana residents included dining as part of each Downtown visit.

79 percent of Downtown businesses reported their sales increased or stayed the same as the previous year.

Indianapolis’ Downtown is particularly attractive to businesses and professionals

Downtown’s nightlife attracts visitors from near and far


Central and prestigiousIndustry leaders and the region’s most successful corporations locate Downtown. Companies from outside, as well as local companies, choose Downtown for its easy access to the region’s 700,000 qualified employees, 13 interstates/highways and Indianapolis International Airport with its new $1.1 billion terminal.

Cost-effective locationDowntown’s low operating costs, compared to similar downtowns, help companies improve their bottom line.

the ACCRA Cost of living Index puts Indianapolis well ahead of cities like Atlanta, Chicago, Columbus, Denver and jacksonville with a 94.2 composite index. CBD total office space stands at more than 10,658,000, with a vacancy rate of 14.2 percent and a rental rate of $17.51.

access to talentprestigious location, low costs and an energetic atmosphere facilitate recruitment and retention of talented employees. Downtown has a work force of 127,000.

office market

CentRAl, pReStIGIoUS, CoSt-eFFeCtIve loCAtIonAdvantage in recruiting and retaining talent,

low operating costs, seen as industry leader

Cost of living

Urban area Composite Grocery Housing Utilities Transportation Health Misc. goodsand state index items care and services

Indianapolis, In 94.2 93.7 94.5 88.4 102.6 99.9 92.4

Atlanta, GA 97.6 96.4 94.0 90.3 105.0 103.6 100.3

Chicago, Il 111.5 107.9 129.0 118.0 109.2 103.3 96.9

Cleveland, oH 95.1 100.5 84.5 101.0 101.7 104.0 97.7

Columbus, oH 98.6 100.7 97.9 101.3 103.3 105.6 95.4

Denver, Co 105.1 104.7 111.4 103.4 92.8 104.0 104.2

jacksonville, Fl 98.2 100.0 92.7 89.7 103.5 93.6 103.9

louisville, Ky 93.6 83.6 87.0 113.8 93.9 92.2 97.3

St. louis, mo-Il 90.0 99.0 78.3 96.9 95.9 95.9 92.4

downtown office statistics

Urban area Total office Vacancy Rentaland state space (sq. ft.) rate rate

Indianapolis, In 10,658,284 14.2% $17.51

Atlanta, GA 18,275,732 19.0% $19.54

Chicago, Il 121,080,319 12.1% $32.73

Cleveland, oH 16,598,379 18.0% $16.23

Columbus, oH 10,608,531 14.7% $18.42

Denver, Co 24,006,061 11.2% $26.96

jacksonville, Fl 9,839,021 15.7% $19.41

louisville, Ky 9,737,280 15.2% n/A

St. louis, mo-Il 12,581,904 21.4% $15.96

Downtown Indianapolis provides companies the greatest variety of office space in the region, making it easy to find the right environment to be successful.

“ Indianapolis ranked as the third most cost-effective city in the nation for business. the study measured 27 factors including labor, transportation and utility costs, and income taxes.”

— KPMG Study, march 2006

Indianapolis is ranked 14th among the “Best places for businesses and careers” according to Forbes. Factors considered include cost of doing business, job growth, educational attainment and the metro area population.

— www.forbes.com, march 19, 2008

sources: ACCRA Cost of living Index, First quarter 2008.

CB Richard ellis local market reports, Second quarter 2008; louisville is fourth quarter 2007.


BioCrossroads maximizes life-sciences strengthsDowntown has Indiana’s largest concentration of life-sciences employers, entrepreneurs, academic research and resources.

anchors■ Clarian Health, second-largest health organization in the U.S.■ IU Medical school, second-largest medical school in the U.S.■ Eli lilly and Company, one of the 10 largest pharmaceutical

companies in the world■ Richard l. Roudebush Va Medical Center■ Wishard Hospital■ two life-sciences projects worth $346 million to be completed by 2013■ 47 life-sciences projects completed from 2000 through the fourth quarter

of 2008, totaling nearly $2.2 billion

Downtown is home to many regional and national headquarters, including three Fortune 1000 companies and a large bioresearch and medical community. Federal, state and local government offices are located here as well.

largest downtown headquarters by revenue

Company 2007 revenue FTE employees Fortune (worldwide) 1000 rank

wellpoint, Inc. $60.1 billion 41,700 no. 33eli lilly and Company $18.6 billion 40,800 no. 133Simon property Group $3.7 billion 5,100 no. 585oneAmerica $1.1 billion 1,600 lDI, ltd. $846.0 million 2,500 Indiana Farm Bureau Insurance $771.2 million 1,270 Steak n Shake $654.1 million 7,334 emmis Communications Corp. $361.2 million 1,300 norwood promotional products $333.3 million n/A m&I Bank 161.0 million 466

sources: Fortune magazine; Indianapolis Business journal book of lists CB Richard ellis. Fourth Quarter 2008. Note: Includes revised figures from previous years.Clarian.org

In 2007, the 10.7-million-square-foot, multi-tenant Downtown office market had one of its strongest years, continuing a positive seven-year occupancy trend, while maintaining a stable and affordable rental rate.

downtown office vacancy, fourth quarter

IU Simon Cancer Center treated lance Armstrong in 1996

288,000-sq.-ft. IUpUI Campus Center

wellpoint, Inc. world headquarters eli lilly and Company world headquarters Indiana State House

Headquartered in Indy office space

Regional Fortune 1000 companies include

Conseco no. 503Brightpoint no. 527Calumet Specialty products no. 996

2001 2002 2003 2004 2005 2006 2007 20080%

5%

10%

15%

20%

19.9

0%

17.7

0%

17.5

0%

15.3

0%

15.1

8%

14.5

3%

13.5

5%

15.2

6%

average quoted downtown office rental rate for all classes

2001 2002 2003 2004 2005 2006 2007 2008$.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00

$17.

34

$16.

68

$17.

07

$16.

97

$17.

42

$17.

58

$17.

78

$17.

44

Since 2001, the Downtown office rental rate has increased 1 percent.

Since 2001, the Downtown office vacancy rate has decreased 23 percent.

office market


Downtown is home to nearly 300 eating and drinking establishments and more than 200 retail businesses. Since 2000, an average of 38 new businesses have opened Downtown each year. many more local, regional and national concepts are actively looking for Downtown sites. the average street-level rent for retail and restaurants ranges from $14 to $60 per square foot.

Retail market

SHoppInG AnD DInInGYour shop or restaurant can be successful Downtown

Businesses are attracted to Downtown based upon the success of their peers currently located here. the successful Simon property Group-managed Circle Centre spans 800,000 square feet and anchors Downtown’s retail market.

Circle Centre anchors

nordstrom 206,000 sq. ft.Carson pirie Scott 144,000 sq. ft.H&m 20,000 sq. ft.Finish line 12,700 sq. ft.

130 specialty stores, restaurants and eateries

$406 in sales per square foot -- compared to $384 national average

Circle Centre anchors Downtown Indy’s bustling retail market

downtown’s national restaurants that rank in the top five in their systems

Buca di Beppooceanaire Seafood RoompalominoRock Bottom Restaurant & BreweryRuth’s Chris Steak House

Top 10 grossing restaurants$624 average sales per square foot $59 million in sales generated $5.9 million in average annual sales

Top 25 grossing restaurants$94 million in sales generated $3.8 million in average annual sales

other downtown notable national restaurants

Adobo Grill Champps AmericanaCladdagh Irish pub Fogo de ChãoHard Rock Café jillian’smcCormick and Schmick’s morton’s the Steakhousethe Capital Grille p.F. Chang’sparadise Bakery & CaféShula’s Steak House weber Grill

other national retailers that call downtown home include

Borders

CvSmarsh Supermarket

tj maxx

Fusek’s true value HardwareStapleswalgreens

Rock Bottom is ranked in the top five stores in the chain


successful, national award-winning local restaurants and bars

■ St. elmo Steak House brings in $13 million in annual sales and is ranked the 44th independent restaurant by sales volume.

— Restaurants & Institutions magazine

■ the Slippery noodle Inn was awarded Blues Club of the year in 2003.

—Blues Foundation, “Keeping the Blues Alive”

■ Ralph’s Great Divide was voted one of the best neighborhood taverns.

— Bon Appetite magazine

■ patachou on the park has been cited as the “best new addition to Downtown dining scene,” and top 10 places for breakfast in the nation.

— Indianapolis monthly, 2007 — Bon Appetite, 2001, top 10

places for breakfast in the nation

”I hope Indianapolis gets the 2012 Super Bowl and this from a guy who wishes every Super Bowl were played in San Diego. Indy deserves it. It’s the most walkable downtown in America.”

— peter King, Sports Illustrated writer

Robust and expanding convention, sports, culture and hospitality businesses create a larger customer base and exciting destinations. Downtown streets bustle with convention delegates, sports fans and visitors seven days a week, 24 hours a day, because of the world-class convention center, sports venues and premier hotels. Activity will crescendo in 2012 as Indianapolis hosts Super Bowl XlvI, with an anticipated economic impact of $365 million.

Visitor and tourism business

lARGe, SUCCeSSFUl AnD GRowInG … ConventIon, HoSpItAlIty, enteRtAInment/

SpoRtS AnD vISItoR mARKetLarger customer base with high disposable

income drives Downtown sales.

the expanded Indiana Convention Center is due to be completed in 2010

the annual FFA convention brings more than 50,000 future leaders and their advisers to Downtown

legendary St. elmo Steak House is ranked 44th in the nation by Restaurants & Institutions Magazine


Current Indiana Convention Center

■ nearly 700,000 total square feet

■ 1.6 million total annual attendance, including an average of 800,000 convention delegates

lucas oil Stadium is home to the Xl Super Bowl Champion Indianapolis Colts

name Years attendance Room nights

Indiana Black Expo 2009, 2010, 88,800 3,145Summer Celebration 2011, 2012

national Baptist 2011 60,000 22,710Convention, Usa, Inc.

national FFa 2009, 2010 54,000 52,920organization 2011, 2012

Music for all 2009, 2010, 40,000 10,310Bands of America 2011, 2012Grand nationals

Church of 2009 35,000 25,035the nazarene

Fire department 2009, 2010, 34,000 26,219Instructors Conference 2011, 2012

drum Corps 2009, 2010, 30,000 7,307International 2011, 2012

Gen Con llC 2009, 2010, 25,000 16,385the Best Four Days 2011, 2012in Gaming

national Federation 2011 25,000 16,516for Catholic Youth Ministry

dealer Expo 2009 2009, 2010, 22,000 17,325 2011

JaMfest Cheer 2009, 2010, 20,000 4,925super nationals 2011, 2012

national Council 2011 18,000 21,835 of Teachers of Mathematics

Women of Faith 2009 15,000 1,040Grand new Day

Kappa alpha psi 2011 15,000 10,922Fraternity, Inc.

national science 2012 15,000 19,275Teachers association

General Council 2014 15,000 19,320of the assemblies of God

american 2013 14,000 25,800Chemical society

The american legion 2012 13,000 19,800

do it Best Corp. 2009, 2010, 12,000 10,416 2011, 2012

Veterans of 2010 12,000 10,950Foreign Wars of the United states

north american 2010 11,000 6,838Christian Convention

BBI International 2011 11,000 10,276International Fuel ethanol workshop & expo

The International Center 2011 11,000 8,173of the Wesleyan Church International youth Convention

Episcopal Church 2012 10,000 25,370

national association 2010 4,500 12,180of Basketball Coaches


The Top 25 convention/meetings

Major brands – 34 hotels with an average occupancy of 63 percent

ConradCrowne plazaembassy SuitesHampton Inn

HiltonHyatt Regencymarriott

omniSheratonwestin

”Indianapolis’ tourism gross metropolitan product is $3.25 billion.”

— D.K. Shiffet Associates, in partnership with Global Insight, 2006

nation’s most convenient, connected, compact destination is expandingwith the openings of the 73,000-seat lucas oil Stadium in 2008, the expanded Indiana Convention Center in 2010 and the new jw marriott in 2011, Downtown’s convention and visitor business is expected to grow substantially. the impact on Downtown retail, restaurant and hotel businesses is immense.

$1 billion expanded Indiana Convention Center and lucas oil stadium statistics

■ more than 1.2 million total square feet■ 16th-largest facility in the country■ Connected via skywalk to 4,700 hotel rooms, more than

any other convention center in the country

projected annual usage/impact

■ 18 to 23 additional major conventions and trade shows■ Five additional consumer shows■ 108,000 to 138,000 additional attendees■ $165 million in additional annual sales

projected hotel market 2011

7,350 hotel rooms include:

$425 million jw marriott complex

■ jw marriott, Fairfield Inn and Suites, Courtyard marriott and Springhill Suites

■ 1,623 hotel rooms

■ 40,000-sq.-ft. Grand Ballroom and 20,000 junior ballroom


Top annual sporting events

■ Indianapolis 500

■ Allstate 400 at the Brickyard

■ Red Bull moto Gp

■ Indianapolis tennis Championships

■ Circle City Classic

■ 500 Festival mini-marathon (largest half-marathon in the country)

■ mizuno Hoosier mideast Qualifier volleyball tournament

■ nFl Combine

■ Indiana High School Athletic Association Championships in basketball, football, baseball, swimming and wrestling

■ Big ten women’s Basketball tournament

■ Big ten men’s Basketball tournament

Teams■ nFl Indianapolis Colts

2006 world Champions: 2006 AFC South Champions: 2004, 2005, 2006

■ nBa Indiana pacers nBA eastern Conference Champions: 2000 nBA Central Division Champions: 1995, 1999, 2000, 2004

■ aaa Baseball Indianapolis Indians: International league Champions: 2000 Division titles:1994, 1995, 2000, 2006

■ WnBa Indiana Fever

”Indianapolis has become the epicenter of the sports and entertainment world.”

— Brian mcCarthy, nFl’s director of corporate communications

— Times-Picayune, Sept. 5, 2007

2009 nBA All-Star Danny Granger three-time nFl mvp peyton manning AAA Baseball Indianapolis Indians Andrew mcCutchen wnBA Indiana Fever tamika Catchings


Upcoming major national championships/conferences

■ nCaa Division I men’s Regional Basketball Championship 2009

■ pGa U.S. Senior open Championship 2009

■ Major league Baseball winter meetings 2009

■ nCaa Division I men’s Basketball Championship – Final Four 2010

■ pGa western Golf Association “Bmw Championship”

■ nCaa Division I women’s Basketball Championship – Final Four 2011

■ nFl Super Bowl XlvI 2012

Venues and eventsworld-class sports venues and events, championship teams and national governing bodies drive visitors and spending Downtown.

victory Field

World-class venues

$675 million, 73,000-seat lucas oil Stadium (2008)

$190 million, 18,000-seat Conseco Fieldhouse (1999)

$20 million, 14,500-seat victory Field (1996)

”Best minor league ballpark in America.”

— Baseball America — Sports Illustrated

the Ultimate Sports Road trip completed a re-scoring of all 30 national Basketball Association venues, and Conseco Fieldhouse earned the top spot — again.

— Ultimate Sports Road Trip, February and December 2006

national governing bodies

national Collegiate Athletic Association (nCAA)

USA Gymnastics

USA track and Field

US Diving

US Synchronized Swimming


the Downtown residential market has enjoyed sustained growth since 2000. It is one of the strongest submarkets in Central Indiana. more than 20,000 residents live Downtown. the Regional Center 2020 plan calls for increasing the residential population to 40,000. Downtown is well on its way to achieving that goal:

More than 50 projects containing nearly 2,700 new residential units were completed between 2000 and 2008.

nearly 30 projects containing nearly 1,300 new residential units are under way and will be completed by 2011.

Downtown is anchored by 14 successful historic neighborhoods. the distinct character of these neighborhoods attracts many people who want to live in a vibrant urban setting.

the average sales price of single-family homes has grown 54 percent. the average sales price of condominiums has grown 99 percent since 2000. Average sales per square foot of new condominiums ranges from $190 to $480.

Residential market

GRowInG AnD SUCCeSSFUl ReSIDentIAl mARKet

Larger customer base, great place to invest, develop and live

Indianapolis tops the list of the most affordable U.S. metro areas for the 14th consecutive quarter, based on populations of more than 500,000.

— National Association of Home Builders/Wells Fargo Housing Opportunity Index, Feb. 19, 2009

average sales price of downtown homes and condominiums

757 mass Ave is one of many mixed-use residential developments

apartment livingStrong demand has led to record occupancy and rental rates among the 3,500 Downtown apartments and is driving construction of new multi-family developments.

Vacancy rate of Class a and B apartments downtown

average effective rent per square foot for Class a and B apartments downtown

vermont place

2007 2008

Single family homes

Condos family homes

2006200520042003200220012000

2000 20002001 20012002 20022003 20032004 20042005 20052006 20062007 2008* 2007 2008*

$50K

$100K

$150K

$200K

$250K

$300K

$350K

$174

,271

$190

,257

$201

,948

$204

,426

$269

,229

$241

,837

$239

,900

$286

,129

$268

,024

$143

,954

$160

,132

$168

,852

$191

,710

$219

,340

$249

,278

$272

,384

$322

,624

$286

,820

0% $ .80

2% $ .85

4% $ .90

6% $ .95

8% $1.00

10% $1.05

12%

5.2% $.90

6.7% $.92

7.4% $.94

8.6% $.94

10.6

%

$.93

9.1% $.96

8.4% $.99

4.2%

5.2%

*

$1.0

3

$1.0

8*

source: tikijian Associates multihousing Investment Advisors. Surveyed area is bounded by 16th Street. on the north, College Avenue on the east, west Street on the west and South Street on the south. Note: Includes revised figures from previous years.

source: metropolitan Indianapolis Board of Realtors (mIBoR)


Quality of life

the Soldiers and Sailors monument and monument Circle anchor Downtown’s business district

vIBRAnt QUAlIty oF lIFeArts and amenities attract people to live, work and play — spend money

” Indianapolis ranks second as the best place to relocate your family, according to primacy Relocation and worldwide eRC, the association for work force mobility. Rankings were based on those factors (short-term and long-term) that determine the likelihood of a successful relocation.”

— www.primacy.com, may 8, 2008

Arts are alive Downtown, including first rate performances in numerous theater and works in world-class museums and public spaces.

Indiana Repertory theatre is Central Indiana’s premier performance theater featuring local actors and productions

the Rathskellar Biergarten features live music all spring, summer and fall

Museums and historic sites

the Children’s museum of Indianapolis

Colonel eli lilly Civil war museum

eiteljorg museum of American Indians and western Art

Indiana History Center

Indiana State museum

Indianapolis museum of Art

Indianapolis museum of Contemporary Art

james whitcomb Riley Home

morris-Butler House museum

nCAA Hall of Champions

president Benjamin Harrison Home

Scottish Rite Cathedral

Union Station Grand Hall and Conference Center

USS Indianapolis museum

shopping, dining, and leisure

Successful businesses are easily accessible:

470 shops, restaurants and nightclubs

20 art galleries

19 performing arts venues and theaters

8 health clubs

6 dry cleaners

6 gas stations

3 grocery stores

9 drug stores

5 hardware/home improvement storesthe Indiana war memorials mall is a serene green space in the center of Downtown that pays tribute to veterans and hosts many annual cultural events

Cultural districts

Downtown has four dynamic, locally authentic Cultural Districts. they uniquely engage residents and visitors in the history, people and culture exclusive to the city.

The Canal and White River state park, Discovery Runs through It

Indiana avenue, Rhythm Reborn

Mass ave, 45 Degrees From ordinary

Wholesale district, welcome to the main event

Indianapolis Cultural Trail: A Legacy of Gene & Marilyn Glick

In a class by itself, the Cultural trail winds through Downtown and connects the Cultural Districts as well as with distinctive arts and cultural attractions. Sections of this 8-mile, $50 million bike and pedestrian path are already in use. Completion is scheduled for 2011.

parks, green space and waterways

Green space is one of the hallmarks of a livable city. Downtown boasts more than 350 acres of parks,waterways, trails and green spaces. Indianapolis has one of the best greenway systems in the country. eight greenways provide 35 miles of trails. the trails connect major areas of Indianapolis to Downtown and provide easy bike and walking access, along with delightful amenities for fitness enthusiasts and serenity seekers of all ages.

War memorials

Indianapolis is second only to washington, D.C., in the amount of land dedicated to recognizing our nation’s veterans.


University life

Downtown’s colleges and universities attract some of the best and brightest in the country. At least 45,000 students attend higher-education institutions Downtown, anchored by the following schools:

Indiana Business College

Indiana University — purdue University Indianapolis (IUpUI)

Indiana University School of medicine

Ivy tech Community College

Quality of life

the lawn at white River State park plays hosts to national entertainers and cultural events annually

IUpUI is Indiana’s urban research and academic health sciences campus, with 22 schools and academic units that grant degrees in more than 200 programs from both Indiana University and purdue University

” whether your idea of a good time is sports or the symphony, the country’s 12th-largest city doesn’t disappoint.”

— Chicago Sun-Times, may 2007

” IUpUI is among the top places to work for postdoctoral research fellows. IUpUI ranked 26th in the sixth annual survey of more than 3,000 postdoctoral researchers. Benefits and family and personal life were strengths mentioned.”

— The Scientist magazine, march 2008

White River state park

Free and accessible to all, this cultural destination offers festival and concert spaces, public art, unique cafés and three miles of walkways on the refurbished historic Central Canal. Few Downtowns match such beautiful landmarks.

eiteljorg museum of American Indians and western Art

ImAX theater

Indiana Historical Society

Indianapolis Indians at victory Field

Indiana State museum

Indianapolis Zoo

nCAA Hall of Champions

the Indianapolis Cultural trail is a multi-modal path that connects Indianapolis’ Cultural Districts and the city’s greenways

111 Monumen t C i r c l e , Su i t e 1900Ind i anapo l i s , I nd i ana 46204

Phone 317 .237 .2222Fax 317 .237 .2209

www. i ndyd t . c om

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