The Indianapolis Public Schools Board of School Commissioners is reviewing bid proposals for one of the most coveted pieces of real estate in our wonderful city – the former Coca-Cola bottling plant, located at 850 Massachusetts Avenue.
The Board is holding a public hearing at 6 p.m. on Tuesday, March 8, for discussion on the six bids recently submitted with proposals for development of the 11-acre downtown property, which anchors Indianapolis’s vibrant Mass Ave Cultural District.
Last year, the Board of School Commissioners assembled an IPS Real Estate Advisory Committee – a team of local experts in the real estate and business sectors – that would thoughtfully review the submissions for the purchase of the district’s surplus real estate to make solid recommendations to the IPS administration and the Board. Meet the members of the IPS Real Estate Advisory Committee:
- Maria Quintana, Senior Policy Advisor at Bose Public Affairs Group
- Bill Taft, Program Vice-President of Local Initiatives Support Corporation (LISC), a neighborhood improvement organization
- Hope Tribble, Director of Audit and Performance for the City of Indianapolis
- Rufus Bud Myers, Executive Director of the Indianapolis Housing Agency
- Andy Hine, Architect and Principal at arcDESIGN, an architecture firm
- Lisa Jeff, President and CEO of L’Acquis Ventures, LLC, a professional services consulting firm in the engineering and construction design-build industry
- George Tikijian, Certified Commercial Investment Member and Senior Managing Director of Tikijian Associates, a commercial real estate agency
- Maury Plambeck, Executive Director of the Indianapolis Neighborhood Resource Center
Prior to proposal submission for the Mass Ave. property, the Advisory Committee provided guidance to interested development teams to help ensure potential plans align with the district’s efforts to strategically improve service to our community. The dedicated members of the Advisory Committee will make their recommendation based on the following guiding principles:
- Creating a positive impact for the surrounding properties, the neighborhood, the City of Indianapolis and IPS
- Increasing the economic vitality of the Mass Ave. corridor with high-quality jobs and amenities for a demographically diverse community
- Demonstrating creativity and skill in adaptive reuse, mixed use and sustainability
- Providing uses which encourage families with school age children to live downtown
- Showing a knowledge of and willingness to address the elements of the Chatham-Arch/Massachusetts Avenue Historic Area Plan
Commissioners will be presented with an overview and summary of all bid proposals, and members of the Advisory Committee will participate in a Q&A session with Commissioners at the public hearing prior to the public comment segment of the meeting. Any community members wishing to speak at Tuesday’s hearing may sign up to do so through our online portal.
View all six bids and development proposal submissions online via our IPS Real Estate website or visit the IPS John Morton-Finney Center for Educational Services, located downtown at 120 E. Walnut St. (at the corner of Delaware and St. Clair streets).