Cummins Plans 10-Story HQ in Downtown Indianapolis
- Dec 12, 2014
by Adriana Pop, Associate Editor
Diesel engine manufacturer Cummins Inc. has unveiled its plans for the construction of a 10-story global distribution business headquarters in downtown Indianapolis.
According to the Indianapolis Business Journal, the Columbus-based company is investing $30 million into the project, which will be located on a four-acre site where Market Square Arena once stood.
Cummins is buying the property from the city for $4.3 million and expects to begin construction in April.
The city of Indianapolis has agreed to offer $3.3 million in tax-increment financing for the project and reduce 70 percent of the development’s property taxes for 10 years.
The new 164,000-square-foot office building, which is scheduled for completion in late 2016, will also feature 15,000 square feet of retail on the first floor and a significant amount of public greenspace. It will have enough room to house 400 of the company’s employees. Furthermore, the company’s plans for the site also call for a conference center and a parking garage.
“We are excited to be in downtown Indianapolis, bringing with us the architectural legacy that Cummins has established in Columbus and around the world,” said Cummins CEO Tom Linebarger in a prepared release. “I am confident this space will create a dynamic place to work for our employees and customers, while contributing to the city’s landscape.”
“Cummins’ innovative design for its new downtown Indianapolis campus will serve as an anchor for redevelopment in the Market East district and bring new vitality to the area,” added Mayor Greg Ballard. “This project raises the bar for architecture in Indy and will stand as a bold and visually compelling gateway into the city.”
According to building architect Deborah Berke, the new tower will include flexible office space with abundant views and lots of natural light. “The floors are designed to provide a modern, flexible working arrangement that caters to employees’ diverse preferences and work styles,” Berke said.
A vote from the Metropolitan Development Commission is expected as early as Dec. 17.
Photo credits: Cummins Inc.
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