28-story glass tower planned for former Market Square Arena site in downtown Indianapolis

Plans for a curved 28-story glass tower with apartments and retail shops were announced Tuesday for the downtown Indianapolis site that's been a parking lot since Market Square Arena was torn down 12 years ago.  



The Market Square mixed use development project was formally announced in downtown Indianapolis, Tuesday, July 16, 2013. A curved 28-story glass tower with apartments and retail shops is planned for the site of the former Market Square Arena in downtown Indianapolis. Flaherty & Collins Properties is the developer. (AP Photo/The Indianapolis Star, Kelly Wilkinson) NO SALES

City officials and developer Flaherty & Collins Properties unveiled designs for the $81 million project that will cover the northern part of Market Square's two-block footprint.

The tower is to have ground-floor retail space, 300 apartments and a 500-space parking garage. Construction is expected to start next spring and be completed in late 2015.

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