HCP Snags Indianapolis Coca-Cola Bottling Plant
- Sep 11, 2017
Hendricks Commercial Properties acquired the 12-acre site of the Coca-Cola bottling plant in Indianapolis from Indianapolis Public Schools. The property will be home to the $260 million mixed-use Bottleworks District development.
Located at 850 Massachusetts Ave., the project will occur over seven to 10 years in five phases, starting with the restoration and redevelopment of the historic Coca-Cola administration building and garages. Design and architectural services will be provided by Eppstein Uhen Architects and Ratio Architects.
The development will feature:
- a 150-key West Elm hotel
- nine-screen cinema
- 180,000 square feet of office space
- 200,000 square feet of retail space
- apartments and condominiums
HCP will begin phase one of Bottleworks in the spring of 2018, with plans to open the West Elm Hotel, food hall, multi-screen cinema and more than 70,000 square feet of retail by the end of 2019.
“We are thankful for the support from the community, city officials and real estate community. We look forward to transforming an important piece of Indianapolis’ history into a destination that completes the thriving Massachusetts Avenue corridor,” said Rob Gerbitz, president & CEO of HCP, in prepared remarks. “We are committed to the continued revitalization of Mass Ave. and we look forward to bringing a new energy to the area while paying homage to the important role this site has played in the city since 1931.”
HCP is also in the final stages of completing the Ironworks Hotel Indy, a 120-key boutique hotel complete with new restaurant concepts and retailers, featuring restaurateur Mike Cunningham, Massage Heights, Blue Sushi and Crushed Red. The company has more than $370 million worth of recent and planned real estate investments in Indianapolis alone.
Image courtesy of Hendricks Commercial Properties