Redevelopment Opportunity

City of Indianapolis

Indianapolis, IN

On behalf of the office of Mayor Joe Hogsett and the City of Indianapolis Department of Metropolitan Development ("DMD"), the City is pleased to issue this Request for Proposals ("RFP") for a Master Developer for the Sherman Park site. This solicitation for redevelopment proposals calls for an experienced developer that can serve as a partner in executing the vision for the holistic redevelopment of the vacant former manufacturing facility.

In 2017, the City acquired this former industrial site after years of neglect, abandonment, and tax delinquency, and initiated its rejuvenation. Working in collaboration with the community and other partners, the City is endeavoring to make Sherman Park a catalyst for job creation and reinvestment for the Near Eastside. Alongside other redevelopment projects in the area, the City envisions the future use of Sherman Park complementing the surrounding area, addressing issues ranging from environmental justice and sustainability, to creating safer and more welcoming streetscapes.

This RFP is an opportunity for the right partner to play a pivotal role in bringing about the highest and best use for the remaining ~30-acres of this important redevelopment site.

Thank you for your interest. We look forward to proposals that will define the future of Sherman Park and the Near Eastside.

Request Type
Wednesday, July 10, 2024