Over the last 100 years the southeast portion of downtown Indianapolis between Delaware and Alabama Streets, north of South Street, has been vast nothingness... until now. "We've created a new neighborhood," says Buckingham Companies Senior Design Executive Scott Travis.
Buckingham's new $155 million CityWay development will feature luxury apartments, a hotel and a new downtown retail destination. Most of that retail space will be dining, both casual and upscale.
"We have nearly 15,000 square feet in committed space, and we have another 10,000 in what we consider final negotiation phase," says Travis.
The buildings in the complex will have ground floor retail space, to include a second downtown Qudoba and a new frozen yogurt spot.
Among the higher end options, will be a fine dining restaurant named Cerulean. It will occupy 6,200 square feet on the first floor of the hotel.
A mixology bar, designed by world-renowned artist George Pardo, will highlight the hotel's second floor. “You will be sitting inside a work of art when you are having a cocktail or a bite to eat,” says Travis. The bar's 1,400 square foot terrace will overlook a 30,000 square foot outdoor plaza, providing even more dining options.
Some have questioned whether downtown is ready for this kind of development, but Buckingham says with 18,000 people within 5 minutes walking distance during the day, and 56,000 within ten minutes, CityWay is a pretty safe bet.
The apartments at CityWay are already leasing, and are scheduled to open in October. The hotel will be ready for guests by the end of the year.