New Developments

Old City Hall is a Classic Revival Structure that was once the seat of city government in Indianapolis. Clad in Indiana limestone, the building has been in rumored development plans for decades. Finally, a mixed-use plan will breathe new life by combining this historic gem with a gleaming 32-story tower that will combine apartments and condos with a six-floor, 150-room 21c Museum Hotel. It is anticipated the Old City Hall will house a gallery space as a component of this development.

The historic Odd Fellows building in the heart of downtown Indy was once one of the city's tallest office towers. In late 2026, this historic gem will open as Kimpton enters the Indianapolis market with a luxury hotel featuring a ballroom, a rooftop bar and restaurant. The 4,500 sq. ft. ballroom and pre-function space along with a board room will offer planners new meeting options.

Georgia Street transformed from a four-lane road to a mixed-use pedestrian space with two lanes of traffic in advance of Super Bowl XLVI. Now, the three blocks connecting the Indiana Convention Center to Gainbridge Fieldhouse is undergoing another facelift. Starting with the west block that fronts the convention center and the new Signia by Hilton hotel, Georgia Street is being redesigned to be more pedestrian and event friendly. The vision is for a public outdoor space that can be easily activated by convention and meeting planners to extend the footprint of their events to include outdoor space. Work on the remaining two blocks will begin in the near future.

A revitalization project to bring the downtown market block back into Indy’s residential and commercial spotlight, this $175M-plus development will reimagine the City Market and the surrounding business district’s landmarks. The historic City Market, a feature in downtown Indianapolis since 1886, will be redeveloped to be more pedestrian-friendly and accessible to visitors touring the district, with $12M in improvement to the Market’s parking garage and a $4M conversion of alleyways into walking trails. A new 10,500-sq.-ft. glass enclosure of the City Market building will offer more event and entrepreneurial space. A reimagined west plaza will include sunken areas that expose the historic catacombs from the former Tomlinson Hall.

Few projects transformed downtown Indy more than the Indianapolis Cultural Trail. Yet another expansion will build on this legacy by extending the trail west over the White River via the new Henry Street Bridge. The Cultural Trail is one part of a historic investment the state and city are making to expand and connect Indy's trail system. The B&O Trail is now connecting downtown to Speedway and is continuing to extend west. The Nickel Plate Trail will soon connect downtown to the fast-growing cities of Fishers and Noblesville to the northeast. Indy is investing big to make the city a premier destination for walking and biking.

With the goal of Indianapolis becoming the epicenter of women's sports, Pacers Sports & Entertainment is breaking ground on a world-class training facility designed around the needs of female athletes. In addition to two regulation-sized courts, a wide range of therapy and spa-like features, a hair and nail salon, childcare services, and podcast studios to cater to the modern athlete, the facility will also allow for unique fan experiences and a Fever team store. This facility will connect by skywalk to the recently renovated Gainbridge Fieldhouse.