RIVERSIDE NEIGHBORHOOD
Riverside Neighborhood Overview
The Riverside neighborhood in Indianapolis, Indiana, offers a blend of historic charm and modern development, making it an area of interest for real estate investors and residents alike.
Real Estate and Demographics
Housing and Ownership: Approximately 63.32% of housing units are renter-occupied, with 36.68% owner-occupied.
Major Employers
Indiana University Health (IU Health): IU Health is Indiana's largest healthcare system, providing comprehensive medical services and employing a significant number of healthcare professionals.
Eli Lilly and Company: A global pharmaceutical company headquartered in Indianapolis, Eli Lilly is a major employer in the region, focusing on innovative drug development and manufacturing.
Corteva Agriscience: Corteva is a leading agricultural company specializing in seeds, crop protection, and digital agriculture solutions, with a significant presence in the Indianapolis area.
Amazon Fulfillment Centers: Amazon operates multiple fulfillment centers in the Indianapolis area, providing numerous jobs in warehousing, logistics, and management.
FedEx Express National Hub: One of FedEx's largest hubs, this facility employs thousands in sorting, distribution, and shipping operations.
Salesforce: A global leader in customer relationship management (CRM) software, Salesforce has a significant presence in Indianapolis, including the Salesforce Tower.
Anthem Inc.: A leading health insurance provider, Anthem's headquarters in Indianapolis employs a large workforce in various roles, including administration, customer service, and IT.
These employers contribute significantly to the local economy and provide diverse employment opportunities for residents of the Riverside neighborhood and surrounding areas.
Major Developments
Riverside Adventure Park: In November 2023, Indy Parks initiated the Riverside Adventure Park project, a $13 million endeavor to transform the northern portion of Riverside Park into a unique multi-use green space. The park will include newly paved trails, a pavilion and plaza with restrooms and parking, a nature-inspired playground, and a fitness loop with outdoor exercise equipment.
Construction began in late 2023, with completion anticipated by the end of 2024.
Riverside Promenade: Opened in October 2023, the Riverside Promenade is a 1.5-mile multi-use trail running from 16th Street to White River Parkway near the 30th Street bridge. The promenade offers a scenic route along the White River, enhancing connectivity within the park and providing educational insights into the area's history.
Taggart Memorial Amphitheatre: Restored and reopened in 2021, the Taggart Memorial Amphitheatre honors former Indianapolis Mayor Thomas Taggart, a key advocate for the city's park system. The amphitheatre serves as a venue for concerts and theater performances, contributing to the cultural vibrancy of the Riverside area.
These developments reflect a concerted effort to rejuvenate the Riverside neighborhood, providing residents and visitors with enhanced recreational, cultural, and educational opportunities.
