INDIANAPOLIS, Ind. (Oct. 1, 2014)-The Irvington Development Organization is moving ahead with a new cultural destination in the heart of the historic Indianapolis neighborhood.
The facility spans 50,000 square feet and sits on Bonna Avenue.
"It is going to be a very lively and vibrant spot in what was a pretty vacant spot," said Margaret Lawrence Banning, Irvington Development Organization.
The development dubbed 'The Coal Factory,' will feature restaurants, shops, arts and entertainment. Black Acre Brewing will occupy most of the space.
"Originally it was the coal yard for Irvington and then over the years it was home to a number of industrial sites, but it has been sitting empty for a number of years," said Banning.
The property needs to be rezoned before construction can begin. The 'Coal Factory' is located in a historic district and required the cities stamp of approval. Wednesday, it was passed unanimously by the Indianapolis Historic Commission.
The city awarded a $500,000 grant, and the remaining $800,000 was raised privately.
The project is expected to be completed summer of 2015.