FOUNTAIN SQUARE - BATES HENDRICKS NEIGHBORHOOD

Fountain Square - Bates Hendricks Neighborhood Overview

Fountain Square - Bates Hendricks is known for its close-knit community and active neighborhood association, which organizes events and initiatives to enhance the area's quality of life. The neighborhood's proximity to downtown Indianapolis and the Fountain Square district offers residents easy access to various amenities, including restaurants, shops, and cultural venues. The neighborhood's rich history, combined with ongoing revitalization efforts, makes Bates-Hendricks an attractive area for both residents and real estate investors.

Real Estate and Demographics

Housing and Ownership: Approximately 43.45% of housing units are renter-occupied, with 56.55% owner-occupied.

  Major Employers

Eli Lilly and Company: A global pharmaceutical firm headquartered in Indianapolis, employing approximately 10,373 individuals locally and 36,000 worldwide.

Elevance Health (formerly Anthem Inc.): A leading health insurance provider based in the city, recognized as the largest for-profit managed health care company in the Blue Cross and Blue Shield Association.

Indiana University Health: The state's largest healthcare system, employing between 15,000 to 20,000 individuals in the Indianapolis area.

Corteva Agriscience: An agrochemical and agricultural biotechnology company headquartered in Indianapolis, contributing to the city's life sciences sector.

Cummins Inc.: A global power leader that expanded its footprint to Indianapolis in 2017 by opening its Global Distribution Business unit downtown.

FedEx Express: Operates its National Hub at Indianapolis International Airport, employing approximately 5,800 workers in sorting, distribution, and shipping.

Amazon: Maintains a significant presence in the Indianapolis metropolitan area, employing around 9,000 individuals across multiple fulfillment centers.

Major Developments

Indiana University Health District: A transformative healthcare and research hub is under construction, led by Indiana University Health. This district will encompass state-of-the-art medical facilities, research centers, educational institutions, and community spaces, aiming to elevate the city's medical landscape.

Eleven Park: Indy Eleven's new stadium, Eleven Park, is under development, with designs unveiled and a groundbreaking announced in May 2023. This project includes a stadium and mixed-use development, featuring residential, retail, and office spaces, contributing to the city's sports and entertainment offerings.

Indianapolis Cultural Trail Expansion: The Cultural Trail is undergoing expansion along Indiana Avenue and South Street, with completion expected in the spring. Work will also begin on a second phase along the White River, including a new bridge, enhancing connectivity and accessibility within the city.

City Market Redevelopment: Starting March 1, City Market will close for a comprehensive redevelopment of the block. This project aims to revitalize the historic market area, preserving its cultural significance while introducing modern amenities.

Signia Hilton Hotel and Convention Center Expansion: A $625 million project broke ground in August 2023, featuring a 40-story Signia Hilton hotel and an expansion of the convention center on the site of Pan American Plaza. The development is slated to open in 2026, enhancing the city's capacity to host large-scale events.

Old City Hall Redevelopment: Plans have been finalized to revive the long-dormant Old City Hall with an attached 32-story tower. The skyscraper will feature a 21C Museum Hotel and condominiums, blending historic preservation with modern development.

These projects collectively represent over $9 billion in planned development for downtown Indianapolis over the next decade, signaling a period of substantial growth and transformation for the city.