INDIANAPOLIS (WISH) -The Irvington Development Organization received a $500,000 grant from the city to begin a new development in the area.
The development will be located in an area south of Washington Street, on the southeast corner of Bonna and Ritter. The development will be called the “The Coal Factory,” a nod to the area’s history as a coal depot along the rail line.
“The Coal Factory has the potential to transform the southern part of Irvington,” said Margaret Lawrence Banning, executive director of IDO. “We are grateful to the city for recognizing the assets in our historic neighborhood that will support this kind of development: our dense housing, our accessibility to downtown and our connectivity to our neighbors. But for also recognizing the need to jump start the development which we are confident will spur future investments in Irvington.”
The development will feature a mix of restaurants, retail, food and art shops, entertainment, and even some office space.
Construction is expected to wrap up in December.